Carreker-Antinori and ALLTEL Sign Alternate Marketing Channel Agreement.

DALLAS--(BUSINESS WIRE)--Dec. 16, 1998--Carreker-Antinori, Inc. (Nasdaq: CANI), a leading provider of consulting and software solutions to financial institutions, announced today that ALLTEL (NYSE: AT), headquartered in Little Rock, Arkansas, has signed an alternate marketing channel agreement to co-market Carreker-Antinori's cash reduction, reserve reduction and fraud detection systems. The Carreker-Antinori solutions ALLTEL plans to co-market to their customers represent significant opportunities for the company's extensive banking client base.

J.D. "Denny" Carreker, Chairman and CEO of Carreker-Antinori said, "This alternate marketing channel formed with ALLTEL is important for us in our efforts to expand our customer base, both in the U.S. and in Europe. We chose ALLTEL because they have spent nearly 30 years working in partnership with financial institutions, and because as a global company they understand the correct approach to strategies for growth in the banking business around the world."

The ReserveLink(TM) product, released in 1996, is now in production at 100 banks. Collectively these banks are achieving an average daily reduction in reserve requirements of almost $1 billion. The CashTracker(TM) and CashForecaster(TM) products, released in early 1998, are currently in production in over 3,000 bank branches and ATMs in ten bank holding companies - who collectively anticipate reducing their average daily cash balances by almost $500 million. The Fraud Reduction applications are currently in production at over 40 of the 100 largest banking institutions. All of these applications are bottom line oriented to allow a bank to reduce their non-earning assets or reduce losses due to payment systems fraud.

ALLTEL Information Services, with customers in 48 countries, provides information processing management, outsourcing services and application software to the financial, mortgage and telecommunications industries. ALLTEL is a customer-focused, information technology company that provides wireline and wireless communications and information services.

Carreker-Antinori, Inc. is a leading provider of integrated consulting and software solutions that enable financial institutions to increase their revenues, reduce their costs and enhance their delivery of customer services. The Company's offerings include revenue enhancement, payment systems, payment electronification and enabling technologies solutions. Carreker-Antinori assists banks in re-engineering their operations systems around integrated software applications to increase earning assets, develop new revenue sources, improve operating efficiencies and reduce check fraud losses. The Company's customers include approximately three-fourths of the largest 100 bank holding companies in the United States. For more information about Carreker-Antinori, please visit our web site at www.carreker-antinori.com.

Forward-Looking Statements - This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based upon current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described herein. There can be no assurance that the Liquidity Management Solution will achieve the benefits projected. The forward looking statements set forth in this press release are also subject to the public filings with the Securities and Exchange Commission Carreker-Antinori, including those discussed under "Risk Factors" in Carreker-Antinori's Prospectus dated May 20, 1998.