LLOYDS TSB SELECTS CARREKER FOR CASH INVENTORY MANAGEMENT

Leading UK Bank to Deploy iCom™ across 4,200 ATMs

DALLAS (June 25, 2003) — Carreker Corporation (Nasdaq: CANI), a leading provider of technology and consulting solutions for the financial services industry, today announced that London-based Lloyds TSB plc, a leading UK financial services group, has selected Carreker’s Integrated Cash Operations Module (iCom) cash inventory management solution for its Automated Teller Machine (ATM) network of 4,200.

iCom is an enterprisewide solution that helps banks and their service providers automate the cash-ordering process and manage cash inventory levels. Using advanced forecasting technology, iCom determines the optimal currency order and shipment amounts for ATMs, using historical demand-based information. It develops a daily cash activity profile for each cash site, assists in identifying optimal cash transportation strategies, and provides pre-emptive cash shortage alerts. iCom users have historically reduced their overall cash inventories by 20 to 40 percent while improving transportation schedules, lowering cash handling costs, and increasing the overall productivity and efficiency of the cash inventory management process.

Trevor Hodsdon, group efficiency programme projects director, Lloyds TSB, said, “We chose Carreker’s iCom solution because of its superior technology and extensive number of referenceable sites around the globe, which gave us assurance regarding Carreker’s implementation capabilities as well as our ability to realise anticipated customer and operational benefits.”

Managing currency and cash has taken on increased importance for banks as volumes grow and costs potentially rise. According to recent research, cash remains the favorite method of payment among UK adults. In addition, the UK’s central bank, the Bank of England, has introduced new rules that increase the liability for banks to pay interest on cash in circulation, causing banks to seek solutions that minimize their cash usage while improving cash availability to their customers.

Brian Evetts, managing director of Carreker’s Cash & Logistics business, said, “Lloyds TSB is a long-time proponent of proactive cash inventory management. Their adoption of iCom bank-wide is a clear signal of the bank’s ongoing commitment to significant increases in savings and efficiencies through greater branch automation and further reductions in cash inventories.”

J.D. (Denny) Carreker, chairman and CEO of Carreker Corporation, said, “Lloyds TSB is well known for providing outstanding service, so we are particularly pleased that they chose Carreker to assist them in this critical area, where we are increasingly becoming the preferred provider. We consider Lloyds TSB’s selection of iCom a validation of our product design and our reputation in this key business.”

iCom, along with Carreker’s ReserveLink™ and FraudLink™ PC™ solutions, has been exclusively endorsed by the American Bankers Association. Carreker iCom installations include many of the leading banks in the United States, Europe, Canada, Africa, Australia, and New Zealand.

About Lloyds TSB
Lloyds TSB is a leading UK-based financial services group, whose businesses provide a comprehensive range of banking and financial services in the UK and overseas. At the end of 2002 total group assets were £253 billion, and there were over 79,000 employees. Market capitalisation was £24.8 billion. Main businesses and activities include UK Retail Banking & Mortgages, Insurance & Investments, Wholesale Markets and International Banking.

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, continental Europe, Australia, New Zealand, 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 around the world including London, Toronto, and Sydney. For more information, visit www.carreker.com.