| |
Carreker’s Image Quality and Usability Solution Continues its Momentum in North America
When Roll-out to existing clients is completed, 35 percent of U.S. check volume and 90 percent of Canadian volume will be processed through Carreker’s Image Inspector technology
BAI TRANSPAY CONFERENCE & EXPO – ORLANDO, FL – (February 12, 2007) - Carreker Corporation (Nasdaq: CANI), a leading provider of technology and consulting solutions for the financial industry, today announced that its Image Inspector™ solution has now been licensed by several of the largest banks and business process outsourcers in North America. When roll-out of the solution is completed at existing clients, Image Inspector will process and assure quality images for 35 percent of U.S. check volume and 90 percent of Canadian volume.
Image Inspector uses Carreker’s advanced image recognition technology and sophisticated detection routines to analyze and flag low quality items for review and optional repair. The product is designed to ensure the integrity of check and payment document images and verify their readability for financial institutions. It analyzes these images to determine if they are of good quality and that key information such as the payee name, legal amount, courtesy amount, and signature are present and readable. Image Inspector can also identify missing images and conditions where the MICR in the image does not match the item transaction data.
Carreker clients are using Image Inspector to analyze incoming and outgoing image exchange items as well as images from less trusted environments, such as reject repair, incoming returns, and low speed remote deposit capture sites.
“Understandably, as the industry becomes increasingly image-enabled, quality assurance becomes an even bigger point of emphasis, especially among large financial institutions,” said Michael Ringuette, COO, Global Payments Technologies, Carreker. “Image Inspector has been very well received by our clients. One bank is already analyzing more than five million items per day using the solution. Another client indicated that they selected Image Inspector because of its capabilities to meet more than 90 percent of their critical image quality analysis requirements.”
The Canadian financial services market continues to prepare for the impending Truncation and Electronic Check Presentment (TECP), which is Canada’s equivalent of Check 21. TECP, scheduled to be implemented in 2008, calls for very stringent guidelines for ensuring image quality, usability, and integrity. Last year Symcor, one of North America’s leaders in business process outsourcing, selected Image Inspector to help in its preparation for TECP.
J.D. (Denny) Carreker, chairman and CEO, Carreker, said, “Image-enabled environments bring a number of efficiencies and benefits to the financial services industry, but they can also significantly increase banks’ exposure to risk. Our Image Inspector solution already helps to protect a significant number of banks in the U.S. and the majority in Canada by providing consistent image quality analysis across the enterprise and we expect the demand for the solution to increase as the industry rapidly becomes more electronified.”
Image Inspector is a high performance, highly scalable, total workflow application that includes workflow management, operator and supervisor interfaces, file output creation and formatting, and database metrics and reporting. The Image Inspector analysis engine is also available as a “toolkit” that can be integrated into any customer application. In addition, Image Inspector technology is integrated into Carreker’s distributed capture solutions (Corporate Capture, Teller Capture, and Web Capture) and is used by third party providers such as ATM vendors.
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. |
|
