Image-Enabled Platform to Provide US Billing With State-of-the-Art Remittance
Capabilities at a Substantially Lower Cost
BALTIMORE, July 25 /PRNewswire-FirstCall/ -- TAWPI 2005 Conference --
Carreker Corporation (Nasdaq: CANI), a leading provider of technology and
consulting solutions for the financial industry, today announced that US
Billing, one of the largest third party processors of remittances for non-
profit organizations as well as other corporate and community entities, has
licensed Carreker's NeXGen(R) Remittance payments processing platform. NeXGen
Remittance allows US Billing to streamline operations and automate its manual
remittance processes.
NeXGen Remittance, which uses advanced image workflow and character
recognition technologies to process retail, wholesale, and exception payments
on a single integrated platform, offers small to medium-sized institutions and
companies a range of functional capabilities that have traditionally been
limited to the large bank domain. The solution supports a wide array of low-
speed to high-speed check capture devices, provides highly customizable retail
and wholesale remittance processing capabilities, incorporates Carreker's best
of breed image recognition and quality inspection tools, and offers the latest
payment clearing options which include Automated Clearing House (ACH) and
Accounts Receivable Conversion (ARC), image exchange, and traditional paper
cash letters.
US Billing processes and mails millions of customer statements for some of
North America's most recognized organizations. They also provide lockbox
services to these same organizations, processing millions of lockbox payments
annually.
"We have several hundred customers, all with different banking
relationships. So our requirements were unique -- we needed an advanced
remittance processing solution that would allow us to endorse each of our
customers' checks with the routing number of the bank at which they would be
deposited," said John Bernhoft, president, US Billing. "In addition to
providing us with this capability, Carreker's NeXGen remittance solution
allows us to completely automate our remittance environment, which was
previously a manual, labor intensive process."
Bernhoft added, "NeXGen remittance also provides us with a scalable and
configurable solution that will allow us to easily add new customers in a
matter of hours. Additionally, the solution will allow us to easily
transition our operations as we convert check payments into ARC."
John Carreker, president of Carreker's Global Payments Technologies, said,
"US Billing has successfully built its business by offering superior
processing services to a very niche customer base. Our image-enabled, cost
effective NeXGen Remittance solution allows them to offer their customers an
even higher level of service through improved processing efficiency and
increased accuracy."
With NeXGen Remittance, US Billing can successfully compete with the
increasingly commoditized remittance offerings that have traditionally been
offered by large and mid-sized banks. The solution is designed to be highly
scalable, supporting daily volumes ranging from 1,000,000 transactions to just
a few for high-value customers who depend on high-end remittance capabilities
for low volumes.
J. D. (Denny) Carreker, chairman and CEO of Carreker Corporation said, "As
imaging and electronification continue to become more prevalent in the
payments industry, non-banks as well as banks are looking for proven solutions
providers who can help them maximize productivity, reduce costs and expand
revenue opportunities. We're delighted that US Billing has chosen our NeXGen
Remittance solution to help them with their processing needs as they
transition into an image-enabled and ACH environment."
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 http://www.carreker.com .
SOURCE Carreker Corporation
 back to top
Related links:
http://www.carreker.com
CONTACT:
Ann Cain, Strategic Communications Director,
+1-972-371-1748, or acain@carreker.com , or Lisa Peterson, Chief
Financial Officer, +1-972-371-1454, or lpeterson@carreker.com ,
both of Carreker Corporation; or John Bernhoft, President of US
Billing, +1-414-461-1222, or john.bern@usbilling.com
|
