Carreker Corporation Press Release - December 20, 2002

CARREKER CORPORATION DELAYS FISCAL THIRD QUARTER 2002 EARNINGS RELEASE AND CONFERENCE CALL

DALLAS (December 19, 2002) -- Carreker Corporation [NASDAQ: CANI] announced today that the previously announced review of the Company is ongoing and consequently the Company will delay its fiscal third quarter earnings announcement, scheduled for December 23, 2002.

The Company's Board of Directors established a Special Committee of independent Board members to review issues regarding the Company's financial statements and disclosures.

"We're very disappointed to have this delay," said the Company's chairman and Chief Executive Officer, John D. (Denny) Carreker. "We had hoped we could release our earnings and discuss our results next week." Mr. Carreker added, "We will continue to cooperate fully with the Special Committee. Unfortunately, we can't estimate when the review will be completed, but I can assure you our goal is to bring these matters to closure and properly resolve any issues as quickly as possible."

For additional information or to automatically receive Carreker Corporation news by email, please visit the investor relations section of the Company's website at www.carreker.com.

About Carreker Corporation

Carreker Corporation improves earnings for financial institutions around the world. The Company's integrated consulting and software solutions are designed to increase clients' revenues and reduce their expenses, while improving security and increasing the value of their customer relationships. Carreker provides products and services to more than 250 clients in the United States, Canada, the United Kingdom, Ireland, Australia, and South Africa. Clients include the full range of community, regional and large banks, among them more than 75 of the largest 100 banks in the United States. Headquartered in Dallas, Texas since 1978, Carreker Corporation also has offices located around the world including London, Toronto, and Sydney. For more information, visit www.carreker.com.

Forward Looking Statement - Except for historical information, the statements in this release, including statements regarding the Company's review and restatement of its financial statements and the implications thereof, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially, including but not limited to the risks and uncertainties associated with the ongoing review (which would include unexpected, material changes in the Company's financial statements, negative developments arising out of the Special Committee's or any other party's work and volatility in the Company's common stock price), as well as the risks and uncertainties arising out of economic, competitive, governmental and technological factors affecting the Company's operations, markets, services, products and prices. For further information concerning certain of these risks and uncertainties, see under the caption "Business - Risk Factors" in the Company's most recent Form 10-K for the year ended January 31, 2002. We assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Carreker Corporation Contacts:

Terry Gage, Executive Vice President and CFO
(972) 371-1454 PH
(972) 458-2567 FX
Email: tgage@carreker.com