Carreker Corporation Press Release - December 24, 2002

CARREKER CORPORATION RECEIVES NASDAQ NOTIFICATION

Company Expects to Request Hearing to Appeal Decision

DALLAS (December 24, 2002) -- Carreker Corporation [NASDAQ: CANI] announced today that due to the delayed filing of its Form 10-Q, it has received notification from The Nasdaq Stock Market that its securities are subject to delisting.

Carreker intends to request a hearing to appeal the decision. The Company’s stock will continue to be listed while the appeal is pending. Effective December 26, 2002, Carreker will have the fifth character “E” added to its symbol, which signifies the delinquent filing.

“We are optimistic that we can bring our filing status current and disclose our results in a reasonably short period of time,” said the Company’s chairman and Chief Executive Officer, John D. (Denny) Carreker.

As required by Marketplace Rule 4310(c)(14), the Company’s Form 10-Q for the period ended October 31, 2002, was due December 23, 2002.

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