CKFR Checkfree Corp (MM)

CheckFree Launches Enterprise-Wide Transaction Process Management Capabilities for Securities Firms, with TradeFlow TPM(TM) 2.0 -- CheckFree's single architecture for financial messaging delivers global STP hub for global asset management firm -- ATLANTA and NEW YORK, June 21 /PRNewswire-FirstCall/ -- SIA 2005 Technology Management Conference Booths #1863 (CheckFree) and #3508 (Accurate) -- CheckFree Software, a division of CheckFree Corporation (NASDAQ:CKFR), today launched TradeFlow TPM(TM) 2.0, a best-in-class transaction process management solution. With this new software platform, CheckFree is enabling global securities firms to manage transaction processing across an enterprise via a single straight through processing (STP) hub. TradeFlow TPM 2.0 is a next-generation STP solution that combines proven and innovative messaging, workflow and exception management capabilities in a single, integrated, technology platform. TradeFlow TPM 2.0 enables global securities firms to manage the entire post-trade securities process across multiple departments and regions in real-time. Using the solution as a global financial messaging hub, securities firms can improve operational efficiencies and reduce the risk of settlement failure, while maximizing their intra-day assets through real-time positions management. TradeFlow TPM 2.0 delivers an enterprise-wide financial messaging platform with multi-region and multi-client capabilities. The new platform also provides expanded, pre-configured workflows for multi-instrument confirmation and settlement. Building on its existing capabilities for equities and fixed income, TradeFlow TPM 2.0 now supports foreign exchange (FX), forward foreign exchange (FFX) and money market (MM) investment instruments, giving securities firms exceptional "out of the box" functionality with a minimum of customization required. Unique to TradeFlow TPM is a real-time, dynamic dashboard, which enables a superior exception management capability for faster resolution of outstanding issues. Based on a single fully integrated architecture, the solution provides a web-based operational dashboard of all exceptions, from which users can drill down into individual cases. TradeFlow TPM also features a web-based user interface, which facilitates efficient global roll-out across multiple locations, leveraging a company's existing infrastructure at minimal cost. A global asset management firm is upgrading its existing TradeFlow TPM implementation to the new enterprise-wide edition, and expects to go live by the end of 2005. Currently, TradeFlow TPM serves as a hub for the firm's cross-border trade confirmation system, spanning operations in Europe, Asia- Pacific and North America. TradeFlow TPM is the backbone of the system, enabling the trade support team to access real-time, enriched trade information regardless of geography or time zones. From its European based operations, the new deployment will enable the firm to integrate its transaction processing for regional dealing centers into its cross border system, so that going forward, all transactions will be handled by a single global hub. This enhanced solution will enable the firm to better support its growing U.S. domestic business. "With one of the most comprehensive and sophisticated buy-side operations in the world, our customer was looking for a business partner that could not only deliver proven solutions on a global scale, but also understand its specific business needs," said Randy McCoy, executive vice president and general manager of CheckFree Software. "The expansion of TradeFlow TPM to encompass enterprise-level operations positions CheckFree Software to deliver truly global, end-to-end post-trade securities processing solutions. About CheckFree ( http://www.checkfreecorp.com/ ) Founded in 1981, CheckFree Corporation (NASDAQ:CKFR) provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable thousands of financial services providers and billers to offer their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage more than $1 trillion in assets. CheckFree Software develops, markets and supports software applications that are used by financial institutions to process more than two thirds of the 10 billion Automated Clearing House transactions in the United States. The division also provides global trade processing, reconciliation, financial messaging, compliance and electronic billing and statement software to hundreds of organizations across the globe. Certain of CheckFree's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2004 (filed September 3, 2004), Form 10-Q for the quarter ended September 30, 2004 (filed November 9, 2004), Form 10-Q for the quarter ended December 31, 2004 (filed February 8, 2005), and Form 10-Q for the quarter ended March 31, 2005 (filed May 9, 2005). One or more of these factors have affected, and could in the future affect CheckFree's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this press release will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements. DATASOURCE: CheckFree Corporation CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, or Investor relations, Tina Moore, +1-678-375-1278, both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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