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Carreker Offers Complete Remote Deposit Image Capture Solution, Enabling Capture from Any Location
Source Capture Suite™ Uses Common Components for Managing Image Quality and Usability; Compatible with Existing Payments Environments, Easily Integrated with Existing Infrastructure
Alternative Capture Strategy Consulting Helps Banks Choose the Right Strategy for Their Circumstances
DALLAS, TEXAS (August 2,
2005) — Carreker Corporation
(Nasdaq: CANI), a leading provider
of technology and consulting solutions
for financial institutions, announced
today that its Remote Deposit Capture
Strategy, including a complete remote
deposit capture solution called Source
Capture Suite™, is capable
of capturing check images from any
deposit-taking location at a bank,
savings & loan, credit union
or customer site. This includes corporate
centers, branches, teller stations,
small businesses, operations centers,
and ATMs, as well as cash vaults,
mortgage offices, lending offices,
private client offices, and bank
by mail offices.
Remote deposit capture has emerged as one of the most attractive technologies enabled by advances in check electronification and the enactment of Check 21 legislation. By capturing checks earlier in the deposit process, banks estimate they can realize sizeable revenue increases and significantly reduce their costs through reduced transportation and processing requirements and improved float.
Carreker’s offering consists of a full set of technologies in the Source Capture Suite™ and a consultative service, Alternative Capture.
Embedded in all components of Carreker’s remote deposit capture suite are common, open, integrated technologies for image quality and usability, duplicate item detection, item level qualification and balancing, image replacement document (IRD) file creation, and electronic exchange. All are designed to be compatible with the user’s existing payments environment and to be easily integrated with the existing technology infrastructure.
The popularity of remote deposit capture with banks’ corporate and small business customers is the source of the significant product revenue potential. Other major benefits include: u niform standards, policies and service level agreements; reduced maintenance, conversion and interface requirements at central operations; consistently high quality data and images for clearing and archival purposes; and reduced risk exposure and fraud losses.
Source Capture Suite™ includes the following components for supporting check electronification at virtually all possible locations. They can be deployed separately or as an integrated suite:
- Corporate Capture is
designed for corporate customers
that receive as many as 10,000
items a day. The system can be
used to capture payments and remittances
in batches and transmit them to
the bank electronically. Carreker’s Corporate
Capture has been deployed
by Creative Payment Solution (CPS)
for corporate customers with up
to 3,000 items a day.
- Teller Capture enables efficient check image capture and balancing at the teller station, while the customer is present. Teller Capture can be combined with Branch Capture for maximum deposit capture efficiency. Teller Capture is being deployed by Wells Fargo for 3,300 stores.
- Branch Capture allows bank branches to capture deposits in batches, behind the teller counter. The system accommodates a wide variety of volume and processing window scenarios to accommodate branches in major cities or very remote locations.
- Web Capture is
a solution for businesses that
would typically capture hundreds
of items a day. It is an easy-to-use,
browser-based solution offering
check image capture and processing
and requiring minimal software
at the client site. It is currently
in beta testing at CPS.
- Batch Capture is designed specifically for the unique branch environment of savings & loans and credit unions. Its store and forward capability allows for capturing and submitting work at the most efficient times throughout the day.
- ATM Capture enables check image capture at ATMs and can be integrated within the banks ATM processing software to maintain the highest levels of reliability and support.
Carreker’s consulting service, Alternative Capture, is being deployed at a number of leading banks.
John Carreker, President of Carreker’s Global Payments Technologies Division, said, “Between the breadth of our suite and our clients’ embrace of the special features of our Source Capture solution, we lay claim to the market leadership position in this critically important aspect of payment electronification. Our clients are already reaping significant savings and competitive advantages because of the integrated design of our solution.”
Suzette Massie, President of Carreker’s Global Payments Consulting Division, said, “From a strategy standpoint, our clients are faced with a complex array of remote deposit capture choices – each of which requires careful planning and staging. Our Alternative Capture consulting is helping them orchestrate and accelerate wise decisions , so that they can begin to reap the reward quickly and avoid costly mistakes.”
J. D. (Denny) Carreker, Chairman and CEO of Carreker Corporation, said, “With each advance in check electronification, our company is ready with the broadest array of solutions and the deepest expertise for helping banks make and implement the right decisions. Remote deposit capture has proven once again that different customer segments require different solutions. Our integrated design approach is paying off.”
About Carreker Corporation
Carreker Corporation improves earnings for financial institutions around the world. The Company’s integrated consulting and software solutions are designed to increase clients’ revenues and reduce their expenses, while improving security and increasing the value of their customer relationships. Carreker provides products and services to more than 250 clients in the United States, Canada, the United Kingdom, Ireland, continental Europe, Australia, New Zealand, South Africa, South America, Mexico, and the Caribbean. Clients include the full range of community, regional and large banks, among them more than 75 of the largest 100 banks in the United States. Headquartered in Dallas, Texas since 1978, Carreker Corporation has offices in London and Sydney. For more information, visit www.carreker.com.
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