CKFR Checkfree Corp (MM)

-- "Business Intelligence Stewardship and Data Quality" Award Highlights the Evolution and Continued Success of CheckFree's Enterprise Data Warehouse -- ATLANTA, Aug. 8 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced it has received the 2005 Best Practices award for "Business Intelligence Stewardship and Data Quality" from The Data Warehousing Institute (TDWI). These annual awards honor companies that have demonstrated excellence in developing, deploying and maintaining business intelligence and data warehousing applications. CheckFree created its Enterprise Data Warehouse (EDW) to consolidate information about its customers, subscribers, payment history and other critical business information. CheckFree never sells this data but keeps it secure in a best practices environment to complete transactions as authorized by customers. The EDW enables CheckFree to provide more tailored and streamlined customer service and product offerings, and quickly notice customer trends and patterns. By institutionalizing the EDW, CheckFree is able to provide a central database of information reducing time spent on research and meetings-resulting in an estimated average annual savings of $300,000 in staff resources. The TDWI award is the latest recognition of CheckFree's focus on industry- leading quality. CheckFree has had a Sigma quality program in place since 1999. Earlier this year, NACHA, The Electronic Payments Association, presented CheckFree with the 2005 Kevin O'Brien ACH Quality Award in recognition of the company's excellence in accounts receivable conversion processing. The TDWI's Best Practices Awards Program, presented annually since the organization's inception a decade ago, identifies companies that have demonstrated their business intelligence and data warehousing projects as truly innovative solutions to problems commonly faced by data warehousing practitioners. The awards aim to provide professionals with best practices they can follow as data warehousing and business intelligence continues to grow and expand. Previous winners include: AT&T Wireless Services, Bank of America, Continental Airlines, L'Oreal Paris Consumer Products Division and Toyota Motor Sales USA Inc. "Information is a corporate asset and having it secured while accessible to authorized users enables clients and associates to make more informed decisions in a time-efficient manner," said Steve Olsen, Chief Information Officer for CheckFree Corporation. "The implementation of data stewardship as part of our Six Sigma initiative has resulted in cost-efficiencies, increased employee productivity and ever improving processes. This award recognizes the focus of our associates in moving data stewardship beyond CheckFree's EDW and across all lines of business to maintain the consistency and accuracy of data." 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 , or Investor relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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