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Carreker Corporation Press Release - June 8, 2000

Carreker Completes Acquisition of X-Port Software Enterprises

DALLAS, June 8 /PRNewswire/ -- Carreker Corporation* (Nasdaq: CANI), a leading provider of e-finance enabling solutions to the financial industry, can now offer its clients a complete line of electronic cash processing technology and services with completion of the acquisition of X-Port Software Enterprises of Toronto, Canada.

"This acquisition establishes Carreker's position as a world leader in e-finance cash-handling technologies," said J.D. "Denny" Carreker, Chairman and Chief Executive Officer of Carreker Corporation. "X-Port's vault management software completes Carreker's product line of cash transaction processing and opens the door to capitalize on significant domestic and international markets for insourcing and outsourcing cash handling services." Carreker had announced its intention to acquire X-Port on May 3, 2000.

X-Port's primary product, Vault Master IITM software, provides banks and armored carriers with centralized processing technology allowing clients to track cash movement as it occurs. X-Port's products currently are installed with clients that process $1 billion to $1.5 billion in cash on a daily basis.

X-Port's acquisition enables Carreker to complete its objective of providing a fully automated currency management solution to the banking industry, said Royce Brown, Carreker's Vice Chairman. Carreker also has recently acquired AIS, an ATM fault management and communications provider, and The McHale Group, a transportation consulting firm.

"Whether cash processing is performed internally by banks or outsourced to third party vendors, Carreker's web-based products provide cash handling solutions that integrate software, hardware, and communication technologies to automate the manually intense processing environment that exists today." Brown said.

Jim McHale, Carreker Senior Vice President and Managing Director of the Currency Management Group, said the acquisition enables Carreker to provide a complete suite of currency management technologies and services to the industry. "Our objective through this acquisition is to provide our banking customers with an end-to-end, Enterprise Resource Planning (ERP) solution that automates the processing, tracking, reconciling, monitoring, and reporting of the cash product," McHale said.

*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 integrated consulting and software 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 our 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 January 31, 2000. SOURCE Carreker Corporation

SOURCE Carreker Corporation

CONTACT: Terry Gage of Carreker Corporation, EVP & CFO, 972-371-1454, fax:972-458-2567.
 
     
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