Carreker and BISYS Form Alliance

Carreker and BISYS have formed an alliance enabling BISYS to resell Carrekers NeXGen Remittance payments processing platform to its bank clients. NeXGen Remittance uses advanced image workflow and character recognition technologies to process retail, wholesale, and exception payments on a single integrated platform. Through leveraging several of Carrekers industry-leading payments technologies into an integrated, low-cost platform, NeXGen Remittance offers small to medium-sized institutions a range of functional capabilities that have traditionally been limited to the large bank domain. This solution supports a wide array of low-speed to high-speed check capture devices, provides highly customizable wholesale remittance processing capabilities, incorporates Carrekers best of breed image recognition and quality inspection tools, and offers the latest payment clearing options which include ACH conversion (ARC), image exchange, and traditional paper cash letters. With NeXGen Remittance, BISYS can help position community banks to legitimately compete with the increasingly commoditized remittance offerings offered by large banks. The solution is designed to be highly scalable, supporting daily volumes ranging from 1,000,000 items to just a few for high- value wholesale customers who depend on high-end remittance capabilities for low volumes.