In addition, Carreker will team with IBM consultants to help companies quickly determine weak spots, identify detection requirements and provide comprehensive operational and technical strategies for preventing fraud.

Through identification of current and past fraud exposures, companies can easily see the benefits of implementing the Carreker Fraud Manager solution to reduce future fraud. Utilising a new detection engine, Fraud Manager allows for enterprise-level risk management across multiple channels and relationships.

Fraud Manager is currently available to detect fraudulent wire transfers through all channels including the Internet, branch and telephone. The Fraud Manager system leverages and builds upon Carreker's existing fraud detection solutions installed at more than 100 financial institutions world wide, protecting approximately 70% of the DDA accounts in the US, 90% in Australia, as well as significant proportions in Canada, the UK, and Ireland.

Carreker's Fraud Manager System has been created on an advanced platform that integrates IBM's infrastructure and middleware components tightly with Carreker's business applications, providing financial institutions a technology system that delivers real-time, industry-leading fraud prevention.

Thomas Gordon, senior vice president, Risk Management Solutions for Carreker Corporation, said, "Our relationship with IBM can create added value for clients. Banks struggle with rapidly changing fraud profiles, typically differing by business area within their own institutions. With Fraud Manager, we can quickly devise targeted analytics to identify and prevent fraud loss when IBM's consultants identify a new area of exposure."

"Fraud losses continue to be a mounting problem in the banking industry. Companies must respond quickly and need solutions that detect issues across their enterprise," said Seth Twery, partner, IBM Business Consulting Services. "Together, IBM and Carreker will identify problem areas, develop solution strategies and help clients maximise and quantify return on investment."

J. D. (Denny) Carreker, chairman and CEO, Carreker Corporation, said, "Fraud in many forms is one of the top concerns of banks around the world. By allying with IBM to quickly identify and prevent new fraud losses, we are leveraging our investment in fraud technology and our significant installed base around the world."