BANORTE SELECTS CARREKER’S ICOM SOFTWARE FOR MANAGING CASH

Leading Bank in Mexico Cites Cash Availability and Productivity Improvements

DALLAS, TX (October 8, 2003) — Carreker Corporation (Nasdaq: CANI), a leading provider of technology and consulting solutions for the financial industry, today announced that Grupo Financiero Banorte, one of Mexico’s largest financial institutions, has selected Carreker’s Integrated Cash Operations Module (iCom) to manage the cash inventory and transportation for its 2,300 automated teller machines (ATMs), 1,100 branches and 50 vaults.

iCom is an enterprise cash solution that helps banks and their service providers automate the cash-ordering process and manage cash inventory levels. Using advanced forecasting technology and historical demand-based information, iCom determines the optimal currency order and shipment amounts. The software develops a daily cash activity profile for each cash point, assists in identifying optimal cash transportation schedules, 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.

José Alfonso Dávalos Díaz de Sandi, director of Operations and Banking Services, Grupo Financiero Banorte, said, "We chose iCom because we believe it will help us meet our goals for this initiative – to reduce our internal cost of cash, minimize our transportation costs, and ensure customer satisfaction. We believe Carreker will help us achieve these goals because of their approach. Instead of generalizing on potential benefits for us, they were able to take our actual transaction history and demonstrate the kind of productivity and ATM availability improvements we could have realized with iCom. We found their approach to be highly sensitive to our particular enterprise and operating environment.”

Rodrigo Silva, Carreker’s regional manager for Latin America, said, “We are finding that Latin American banks are increasingly interested in managing their cash inventories more closely for two reasons. Many Latin American countries are experiencing high transportation costs and relatively high interest rates, which rewards optimizing transportation schedules and managing down inventories. Because many institutions have grown rapidly by acquisitions, they often have large networks of cash outlets that have typically not been optimized in their current configuration.”

Brian Evetts, managing director of Carreker’s Cash & Logistics business, said, “When we used iCom to model Banorte’s opportunity, we found a compelling business case. When they elected to deploy iCom across their entire cash network – branches, vaults, and ATMs – they set themselves up to maximize the software’s best potential throughout the organization and quickly earn a sizeable return on their investment.”

J. D. (Denny) Carreker, chairman and chief executive officer of Carreker Corporation said, “We are pleased to welcome Grupo Financiero Banorte to our growing list of international financial institution clients. With our cash solutions available in Spanish and Portuguese, and development resources dedicated to the Latin American market, we are demonstrating our strong commitment to serving the needs of financial institutions in Latin America.”

iCom is currently used by many of the large banks in the U.S., the U.K., Australia, Canada, South Africa, and Latin America.

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, South Africa and Latin America. 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 and Sydney. For more information, visit www.carreker.com.

About Banorte
Grupo Financiero Banorte is one of Mexico's largest financial institutions, ranked fourth for total assets among Mexican financial groups. Its primary subsidiary, Banco Mercantil del Norte, ranks in the top tier in capital, return on assets and total credits among the largest national banks. The Banorte banking division includes over 1,100 branches and over 2,300 ATMs across Mexico, PC Banking for business and consumers, BANORTEL, Banorte's telephone banking system, and Banorte Inter-Bursatil for on-line securities trading and investment research. Further information about Banorte is available at http://www.banorte.com.mx.