Carreker and Metavante Announce iCom Agreement.Business Editors & High-Tech Writers DALLAS and MILWAUKEE--(BUSINESS WIRE)--Jan. 7, 2003 Agreement to Provide Regional and Community Banks with Proven, Profit-Enhancing Cash Inventory Management Technology Carreker Corporation (Nasdaq:CANIE), a leading provider of technology and consulting solutions for the financial industry, and Metavante Corporation Metavante is a company that provides financial technology services and software to its customers, consisting primarily of small to large sized financial institutions. The $1.5 billion organization is headquartered in Milwaukee, Wisconsin and employs over 5,600 employees in 35 U.S. , the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE NYSE See: New York Stock Exchange :MI), today announced an agreement under which Carreker will license its Integrated Cash Operations Modules(TM) (iCom) software to Metavante. Metavante will offer and distribute the iCom solution to its financial institution clients in the first quarter of 2003. "Our clients are increasingly concerned about potential inefficiencies and customer dissatisfaction resulting from ineffective cash inventory management," said Jamie Geschke, senior vice president and general manager, Metavante Financial Technology Services. "Through our relationship with Carreker, community banks can realize the benefits of iCom's advanced cash management capabilities as part of their standard monthly outsourcing service." Carreker's Internet-enabled, enterprise wide iCom solution helps banks and their service providers effectively manage cash levels for branches, ATMs, vaults, and third-party cash depots. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Brian Evetts, managing director of Carreker's Cash & Logistics solutions, "iCom ties each element of the cash network together, giving operators the ability to optimize their cash supply chain from end-to-end. iCom users have historically been able to reduce overall cash inventories by 20-40 percent, while improving transportation schedules, lowering cash handling costs, and increasing the overall productivity and efficiency of the cash inventory management process." iCom is a scalable ASP-supported technology, making it a cost-effective tool for any size institution. iCom, along with Carreker's ReserveLink(TM) and FraudLink PC(TM) solutions, has been exclusively endorsed by the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and as a solution that helps banks, particularly mid-sized and community banks, improve profitability to compete more effectively in today's marketplace. J. D. (Denny) Carreker, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Carreker Corporation, said, "More than 500 regional and community banks outsource core operational and management functions to Metavante. By making iCom readily available to these institutions, we are significantly expanding the market potential and vertical reach of our Cash & Logistics solutions." Metavante already offers Carreker's ReserveLink, FraudLink On-Us(TM), and FraudLink Deposit(TM) solutions as part of a comprehensive, integrated suite of technology services, and it is the first company licensed to resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. Carreker's iCom solution. About Metavante Corporation To improve the financial experience for more than 5,100 clients - including the largest 20 banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. - and their thousands of customers, Metavante Corporation delivers virtually all of the technology that an organization needs to offer financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Metavante offers financial technology solutions that drive customer relationship management, electronic banking, electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. and card solutions, electronic presentment and payment, financial technology services, and wealth management. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation. For more information see www.metavante.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, Australia, and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . 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 “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. since 1978, Carreker Corporation also has offices located around the world including London, Toronto, and Sydney. For more information, visit www.carreker.com. Forward Looking Statement Except for historical information, the statements in this release, including statements regarding future financial performance, the market for our products and services, and the value of our new contract signings, are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting our operations, markets, services, products and prices. For information concerning these risks and uncertainties, see our most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . We assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. |
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