Carreker, ID Analytics Announce Alliance

Bruce Hansen, chairman and CEO of ID Analytics, said, "Our alliance with Carreker will allow the retail bank marketplace to leverage the ID Network and its hundreds of millions of identity patterns, both real and suspicious. The combination of our core capabilities will yield significant advances in the ability to detect several types of identity fraud, while reducing costs associated with manual operations."

Together ID Analytics and Carreker will help retail banks better identify identity risk and ensure compliance throughout the lifecycle of a deposit account from account opening through continuous account monitoring. Additionally, Carreker Corporation will integrate ID Analytics' Identity Risk Management solutions into its proven fraud solution suites to enhance fraud detection and lower operating costs when detecting payment and deposit fraud.

"By forming this alliance with ID Analytics, Carreker is making the logical move from being the leader in deposit fraud detection to identity fraud detection," said J.D. (Denny) Carreker, chairman and CEO of Carreker Corporation. "This combined solution will leverage our relationships with scores of banks, building on the protection we already extend to more than 70 percent of the checks written in the U.S."