Carreker Corporation Press Release - January 7, 2003

CARREKER AND METAVANTE ANNOUNCE iCom AGREEMENT

Agreement to Provide Regional and Community Banks with Proven, Profit-Enhancing Cash Inventory Management Technology

DALLAS and MILWAUKEE (January 7, 2003) — Carreker Corporation (Nasdaq: CANIE), a leading provider of technology and consulting solutions for the financial industry, and Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced an agreement under which Carreker will license its Integrated Cash Operations Modules™ (iCom) software to Metavante. Metavante will offer and distribute the iCom solution to its financial institution clients in the first quarter of 2003.

“Our clients are increasingly concerned about potential inefficiencies and customer dissatisfaction resulting from ineffective cash inventory management,” said Jamie Geschke, senior vice president and general manager, Metavante Financial Technology Services. “Through our relationship with Carreker, community banks can realize the benefits of iCom’s advanced cash management capabilities as part of their standard monthly outsourcing service.”

Carreker’s Internet-enabled, enterprise wide iCom solution helps banks and their service providers effectively manage cash levels for branches, ATMs, vaults, and third-party cash depots. According to Brian Evetts, managing director of Carreker’s Cash & Logistics solutions, “iCom ties each element of the cash network together, giving operators the ability to optimize their cash supply chain from end-to-end. iCom users have historically been able to reduce overall cash inventories by 20-40 percent, while improving transportation schedules, lowering cash handling costs, and increasing the overall productivity and efficiency of the cash inventory management process.”

iCom is a scalable ASP-supported technology, making it a cost-effective tool for any size institution. iCom, along with Carreker’s ReserveLink™ and FraudLink PC™ solutions, has been exclusively endorsed by the American Bankers Association as a solution that helps banks, particularly mid-sized and community banks, improve profitability to compete more effectively in today’s marketplace.

J. D. (Denny) Carreker, chairman and CEO of Carreker Corporation, said, “More than 500 regional and community banks outsource core operational and management functions to Metavante. By making iCom readily available to these institutions, we are significantly expanding the market potential and vertical reach of our Cash & Logistics solutions.”

Metavante already offers Carreker’s ReserveLink, FraudLink On-Us™, and FraudLink Deposit™ solutions as part of a comprehensive, integrated suite of technology services, and it is the first company licensed to resell Carreker’s iCom solution.

About Metavante Corporation
To improve the financial experience for more than 5,100 clients – including the largest 20 banks in the United States – and their thousands of customers, Metavante Corporation delivers virtually all of the technology that an organization needs to offer financial services. Metavante offers financial technology solutions that drive customer relationship management, electronic banking, electronic funds transfer and card solutions, electronic presentment and payment, financial technology services, and wealth management. Headquartered in Milwaukee, Wis., Metavante is wholly owned by Marshall & Ilsley Corporation. For more information see www.metavante.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.