Carreker Corporation Press Release - May 19, 2000

Carreker and M&I Data Services Announce Agreement for Fraud Protection

DALLAS, May 19 /PRNewswire/ -- Carreker Corporation* (Nasdaq: CANI) and M&I Data Services today announced an agreement under which Carreker will provide its On-Us Fraud Detection System(TM) software to M&I Data Services, who will offer the fraud protection system as an additional service to its financial institution customers.

M&I Data Services is a leading provider of outsourced processing services for mid- and small-sized banks. Through M&I's new service using the Carreker product, community and midsize banks will have a shield of protection against counterfeit, forged or stolen on-us checks being presented for payment through in-clearings. M&I Data Services also licensed the Branch Access Option of Carreker's On-Us Fraud Detection System(TM), allowing its customers to verify the validity of checks cashed at the branch in "real time," as well as those sent to the service provider's processing center.

"Sixteen of the 20 largest U.S. institutions, with deposits representing about $1.9 trillion, are protected by Carreker's fraud detection systems," says J.D. "Denny" Carreker, chairman and chief executive officer, Carreker. "Teaming with M&I Data Services allows us to extend the benefit of fraud detection to a broader market by eliminating the entrance cost of such a system and instead spreading the cost of the service out as an ongoing fee."

Owen Sullivan, president of M&I Data Services' Financial Services Group, points out that for most community banks, fraud losses have become a burgeoning cost of doing business. A 1998 ABA survey of check fraud found that commercial banks lost $512 million in 289,000 cases of check fraud. Industry estimates cite check fraud losses within community and mid-size institutions growing at a rate of approximately 18 percent every two years.

"As larger financial institutions continue to increase their protection against check fraud losses through advanced technology, fraud perpetrators are instead targeting smaller banks that have not implemented a fraud detection defense system," says Mr. Sullivan. "Institutions of any size now have an economically feasible solution to combat check fraud."

"M&I Data Services is just one of several companies Carreker has targeted as key industry alliances to help smaller banks fight fraud," Carreker said. "We will continue to sell our fraud detection services directly to large institutions, while expanding into the tier two and tier three markets through service provider channels."

This agreement is the second partnership between the two companies established to provide small and mid-size institutions with technological solutions traditionally only affordable to large clients. Outsourcing customers of M&I Data Services are already realizing the benefits of Carreker's ReserveLink(R) solution made available under an agreement between the two companies in 1999.

About M&I Data Services
M&I Data Services is a provider of leading-edge technology solutions to the financial services industry. Headquartered in Milwaukee, Wis., it offers consulting, software and processing solutions for financial institutions worldwide. The company's rapid growth is being fueled by innovative product development, strategic product acquisitions, and strong growth of its customer relationships. M&I Data Services is a division of Marshall & Ilsley Corporation (NYSE: MI), a $24.9 billion holding company. For more information visit the M&I Data Services Web site at http://www.midata.com.

*About Carreker Corporation
Carreker Corporation, currently known as Carreker-Antinori, Inc., has recommended to shareholders that the corporate name be changed at the next annual meeting. The company is a leading provider of e-finance solutions that enable banks to increase revenue and/or reduce costs, while leveraging institutions' existing core competencies in order to realize their e-commerce potential. The Company's offerings include revenue enhancement, payment systems, and e-business solutions. The Company's customers include 170 financial institutions in the United States, Canada, United Kingdom, Ireland and Australia, including 70 of the largest 100 banks in the United States. For more information about Carreker-Antinori, please visit their Web site at http://www.carreker.com.

Forward-Looking Statement
In addition to historical information contained herein, other matters discussed in the news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 32E of the Securities and Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. The Company's future actual results could differ materially from the forward-looking statements discussed herein because of the factors discussed from time to time in the Company's public reports filed with the Securities and Exchange Commission, such as those discussed under "Risk Factors" included in its report on Form 10-K for the year ending January 31, 1999.

SOURCE Carreker Corporation