Former Citigroup Executive Keith W. Hughes Joins Carreker Corporation Board of Directors.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--July 22, 2003 Carreker Corporation (Nasdaq:CANI), a leading provider of technology and consulting solutions for the 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. industry, today announced that Keith W. Hughes, a 30-year veteran of the banking industry and former vice chairman and director of Citigroup, has been appointed to the company's board of directors. "Keith brings our board a particularly valuable set of experiences and talents at a crucial time for us," said J.D. (Denny) Carreker, chairman and chief executive officer of Carreker Corporation. "As we have progressed on our mission to be the leader in payments solutions for financial institutions, we are fortunate to have Keith's industry knowledge and leadership behind our decisions." "I perceive that Carreker is poised well for substantial success - ready to help banks lead the next wave of change in the payment system, with an enviable position of incumbency in·cum·ben·cy n. pl. in·cum·ben·cies 1. The quality or condition of being incumbent. 2. Something incumbent; an obligation. 3. a. The holding of an office or ecclesiastical benefice. in key areas," said Hughes. "It's a situation that calls for experienced industry guidance, and I am pleased to be asked to contribute mine." Hughes retired as vice chairman and director of Citigroup in 2000, a year after his previous company, Associates First Capital Corporation where he had been chairman and chief executive officer, had become part of Citigroup. His banking career also included senior positions with Crocker National Bank Crocker National Bank was a United States bank headquartered in San Francisco, California. It was acquired by and merged into Wells Fargo Bank in 1986. History The bank traces its history to the Woolworth National Bank in San Francisco. , Northwestern Bank Northwestern Bank was chartered in 1955 and is now the largest independent community bank in northern Michigan. A growing financial institution with $700 million in assets, they are one of the leading mortgage, consumer, and commercial lenders in the region. and Continental Bank. His banking association affiliations have included 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 , American Financial Services Association, Bank Marketing Association, Visa U.S.A. and Visa International. He is currently engaged as a consultant to financial institutions internationally and domestically. Hughes is active in the Dallas community, where his board and advisory affiliations include Southwestern Medical Foundation, Children's Medical Center of Dallas, Salvation Army Salvation Army, Protestant denomination and international nonsectarian Christian organization for evangelical and philanthropic work. Organization and Beliefs The Salvation Army has established branches in 100 countries throughout the world. - Dallas, United Way of Metropolitan Dallas, Certegy Inc., Proudfoot Consulting, Majesco and the Southern Methodist University's Cox School of Business The SMU Cox School of Business offers a full range of business education programs, including BBA, full-time MBA, Professional MBA (PMBA), Executive MBA (EMBA), Master of Science in Management (MSM), Master of Science in Accounting (MSA), Master of Science in Entrepreneurship (MSIE) (former director). He received his bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies and master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in marketing and finance from Miami University of Ohio. 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. 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 also has offices located around the world including London and Sydney. For more information, visit www.carreker.com. |
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