Regions Financial licenses Carreker remote cheque-image capture modules

Source: Carreker

Carreker Corporation (Nasdaq: CANI), a leading provider of technology and consulting solutions for the financial industry, announced today that Regions Financial Corporation (NYSE: RF), one of the nation's Top 15 banks, has selected key components of Carreker's Source Capture Suite to allow Regions Bank and its business and corporate customers to realize the benefits of remote deposit capture.

Carreker's Source Capture suite of products, including Web Capture and Corporate Capture, will allow Regions and the business customers it serves in 16 states across the South, Midwest and Texas to capture checks earlier in the deposit process, significantly reducing transportation costs and accelerating collection.

"Businesses increasingly place a higher value on remote capture and the convenience and cost savings it brings," said Regions' Director of Treasury Management Services Sandy Wright. "Regions customers soon will be able to benefit from the latest in remote deposit capture technology and a range of solutions that includes an easy to install Web-based client and a robust, feature-rich client."

John Carreker, President, Global Payments Technologies, Carreker, said, "Remote capture has emerged as one of the first major benefits of Check 21 and Regions is once again demonstrating their industry leadership by being one of the first banks in the Southeast to offer their clients remote capture capabilities using Web-based technology.

"Our Source Capture suite is capable of capturing check images from any deposit-taking location at a customer site, and we're proud that Regions has selected our Web and Corporate Capture solutions to help them reap some of the early rewards of Check 21."

Embedded in all components of Carreker's Source Capture suite are common, open, integrated technologies for image quality and usability, duplicate item detection, item level qualification and balancing, image replacement document (IRD) file creation, and electronic exchange. All are designed to be compatible with the user's existing payments environment and easily integrated with the existing technology infrastructure.

The Source Capture Suite components selected by Regions include Web Capture and Corporate Capture.

Web Capture is a solution for businesses that would typically capture hundreds of items a day. It is an easy-to-use, browser-based solution offering check image capture and processing and requiring minimal software at the client site.

Corporate Capture is designed for corporate customers that require a robust, locally installed client to support higher volumes or a more sophisticated Accounts Receivable interface. The system can be used to capture payments and remittances in batches and transmit them to the bank electronically. Carreker's Corporate Capture has been deployed to corporate users with up to 3,000 items a day, and is designed to accommodate up to 10,000 items a day.

J.D. (Denny) Carreker, Chairman and CEO, Carreker Corporation, said, "Our in-depth knowledge of bank processes and image capture technology make us the ideal partner to help leading banks like Regions seize the tremendous opportunities that remote deposit capture offers. We're delighted that they have selected our Source Capture solutions to help them continue to bring additional value and innovative services to their customers."

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