Carreker CEO to Discuss Offshore Payments Processing at The 2005 Outsourcing World Summit

DALLAS and SAN DIEGO, (January 27, 2005) – Carreker Corporation (Nasdaq: CANI), a leading provider of technology and consulting solutions for the financial industry, and Michael F. Corbett & Associates, a research and training firm dedicated to advancing outsourcing as a powerful management discipline, today announced that Carreker chairman and CEO, J. D. (Denny) Carreker, will be a featured speaker at The 2005 Outsourcing World Summit, February 22, 2005 in San Diego, CA. Carreker will discuss the future of the financial services industry and the role outsourcing is playing in building that future.

The session, entitled "Offshoring Payments Processing: How Electronification and Globalization Are Transforming the Payments Business" explores how powerful trends in payments processing are converging to create a powerful business case for banks to offshore a growing number of back-office payments processes.

Mr. Carreker, founder of the bank consulting/technology firm that serves the leading banks around the world, will describe:

how Check 21, image processing and other drivers of payment electronification are compelling banks to reduce their paper processing costs and simultaneously breaking down geographical constraints;

the key components of the business cases for offshoring individual back-office functions;

and how banks are increasingly taking advantage of globalization's advantages to optimize their payments business.

Carreker said, "With dramatically declining check volumes and increased per-item processing costs, financial institutions are being forced to reevaluate their payments operations. Business process outsourcing offers increased efficiencies and immediate cost savings in a truly global environment."

Carreker Corporation and Mastek Limited, a leading global outsourcing company, are joint owners of Carretek LLC, a transformational business processing outsourcer for transaction processing.

"The Outsourcing World Summit has long been at the forefront of the field. Denny's insights into how outsourcing can help address the changes taking place in the banking industry will be particularly relevant and valuable," comments Mike Corbett, Chairman of The Outsourcing World Summit.

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, South Africa, South America, Mexico, and the Caribbean. 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 has offices in London and Sydney. For more information, visit www.carreker.com.

About Carretek
Carretek was formed in May 2003 as a partnership between Carreker Corporation and Mastek. For more information, visit www.carretek.com. Carretek offers companies the opportunity to significantly reduce costs while maintaining high quality standards for real time and near real time payment and transaction operations by combining domain expertise with state of the art information security, imaging technology, process reengineering and the cost efficiencies of a global workforce.

About The Outsourcing World Summit
The Outsourcing World Summit is a unique, once-a-year global gathering designed for and attracting the key players from across the field. It explores the issues of the day including globalization, offshoring, industry convergence, and the politics of outsourcing. Main Session speakers include: Michael F. Corbett, outsourcing's best-known expert; Robert Reich, economist, professor, author, and former U.S. Secretary of Labor; Fred Brown, one of the healthcare industry's most respected leaders and past chairman of the American Hospital Association; and Chris Disher, Vice President and leader of Booz Allen's global commercial outsourcing service. To view program details and register for The 2005 Outsourcing World Summit please visit www.corbettassociates.com.

About Michael F. Corbett & Associates, Ltd.
Michael F. Corbett & Associates, Ltd., Outsourcing's Global Resource®, is a research and training firm dedicated to advancing outsourcing as a powerful management discipline. The company produces the field's premier conference, The Outsourcing World Summit®, and provides leading-edge insights and information on outsourcing through its Website www.firmbuilder.com.