Carreker Corporation Press Release - June 21, 2000

Carreker Corporation Poised to Benefit From Recent Legislation

DALLAS, June 21 /PRNewswire/ -- Legislation passed last week by the U.S. Congress giving electronic signatures and records the same validity as traditional paper documents was hailed by Carreker Corporation (Nasdaq: CANI), a leading provider of e-finance enabling solutions for the financial industry, as a significant step forward for financial institutions entering the digital marketplace.

"For Carreker, this legislation presents significant growth opportunities as financial institutions increasingly look for untapped avenues to globally market and distribute their products and services through e-commerce," said J.D. "Denny" Carreker, Carreker Chairman and Chief Executive Officer. "We're excited to be in the right place at the right time to provide banks the e-finance infrastructure services needed to transition to the electronic marketplace. One of our most important goals is to positively use e-commerce to enhance seamless communications and transactions between banks, clients and customers."

Under the legislation, which won overwhelming approval in a 426 to 4 House vote on June 14 and an 87-0 Senate vote June 16, businesses can conclude multi-million-dollar deals electronically, while individuals could engage in activities such as securing home mortgages or obtaining car loans through the internet without having to sign a paper document. The bill reportedly has the support of President Clinton who said it would "encourage the information technology revolution."

"Banks are poised to be the engines that drive the e-commerce economy. This bill clears a significant hurdle for financial institutions as they transform their established banking products and expertise to e-commerce, on-line services," Carreker said.

This new federal legislation works in conjunction with new state law, the Uniform Electronic Transactions Act (UETA). The UETA has been enacted by approximately 12 states and is on the legislative calendars of 16 others. The Electronic Check Clearinghouse Organization (ECCHO), led the effort to specifically validate the use of electronic records for checks in both the new state and federal laws.

"E-commerce is expected to triple over the next three years to $1.6 trillion. This legislation allows banks to capitalize on their prime assets -- the public trust and their role in the payments mechanism -- in the new economy," Carreker said.

E-Commerce companies have been daunted by the exploding demand for technology and people who know how to handle financial transactions and resolve problems. Banks have the knowledge and expertise to perform these activities and use Carreker solutions to provide these services electronically.

"Customers' paying habits and capabilities, payment processing, settlement infrastructure, exception and transaction management and fraud mitigation are core competencies for banks. Companies and customers want banks, since they are trusted, to have a larger role in providing these services in an e-commerce environment. This legislation paves the way," Carreker said. Carreker Corporation is a leading provider of products and services that facilitate the financial industry objective to move payments from paper systems to electronic systems, including the Internet. For example, Carreker's CheckLink(TM) allows banks to process check transactions between paying and depositing banks electronically, resulting in checks clearing more quickly while reducing errors and increasing fraud detection capabilities. After being signed by the president, the legislation would take effect Oct. 1. As of March 1, 2001, companies could begin the electronic retention of legal records such as mortgages and financial securities.

About Carreker Corporation
Carreker Corporation 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, please visit the Company's 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, 2000. SOURCE Carreker Corporation

SOURCE Carreker Corporation