CANI Carreker Corp (MM)

LAS VEGAS, May 24 /PRNewswire-FirstCall/ -- Carreker Corporation (NASDAQ:CANI), a leading provider of technology and consulting solutions for the financial industry, announced today that Symcor, one of North America's leaders in business process outsourcing, has licensed Carreker's Image Inspector solution to help ensure the quality, usability and integrity of check and payment document images across its enterprise. "In preparation for Truncation and Electronic Check Presentment (TECP), Canada's equivalent to Check 21, one of our top priorities is to have a solution in place that mitigates our risk exposure, protects our customer's privacy, and ensures document integrity -- by not only analyzing an image for quality, but also for usability both in our current and future image exchange environment," said Wayne Martin, Symcor's senior vice president, Technology Services. "Carreker's Image Inspector will allow us to meet these objectives and further improve efficiencies as we capitalize on imaging technology." Image Inspector uses Carreker's advanced image recognition technology and sophisticated detection routines to analyze and flag low quality items for 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. Symcor plans to implement Carreker's Image Inspector solution in two phases. The first phase will migrate the Carreker Document Repair solution to Image Inspector, which will provide enhanced suspect identification and reporting capabilities. The second phase will integrate the solution into Symcor's image exchange environment and introduce Image Inspector's image replacement scanning function. "The first phase of our implementation will allow us to improve our current image suspect review capabilities. The introduction of rescanning as part of the second phase will provide us with a true end-to-end workflow for analyzing an image's quality, usability, and MICR integrity, and if necessary, the capability to replace bad images with those of acceptable quality," added Martin. Mike Ringuette, EVP, Payments Solutions, Carreker Corporation, said, "Symcor continues emerging as a leader just as the Canadian financial services market prepares for the transition from paper to imaging. Their selection of Image Inspector provides them with the ability to ensure that they capitalize on the benefits of image exchange with an enterprise-wide platform that allows for consistent measures of image quality across all points of presentment." J.D. (Denny) Carreker, chairman and CEO, Carreker, said, "We're delighted that we can build upon our strong partnership with Symcor by helping them as they prepare to leverage the many opportunities that TECP will offer. Image quality and integrity are sure to be at the top of most banks' lists of concerns as they transition to an electronic, image-enabled environment. This will only increase the demand for our Image Inspector solution." About Symcor As one of North America's largest business process outsourcing companies, Symcor Inc. provides services designed to transform and enhance its customers' businesses. It is an industry leader in physical and electronic check processing, payment processing, statement production and document management. For more information, please visit http://www.symcor.com/ . 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/ . DATASOURCE: Carreker Corporation CONTACT: Ann Cain, Strategic Communications Director, +1-972-371-1748, or , or Lisa Peterson, Chief Financial Officer, +1-972-371-1454, or , both of Carreker Corporation; or Sandra de Souza, Manager, Communications of Symcor Inc., +1-905-273-1096, or Web site: http://www.carreker.com/ http://www.symcor.com/

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