CheckFree Achieves SWIFT Accreditation for CheckFree eVent(TM) Corporate Actions Solution
06 Setembro 2005 - 4:00PM
PR Newswire (US)
-- CheckFree secures SWIFT recognition for corporate actions,
financial messaging and reconciliation solutions -- ATLANTA and
LONDON, Sept. 6 /PRNewswire-FirstCall/ -- SIBOS Booth C280 --
CheckFree Software, a division of CheckFree Corporation
(NASDAQ:CKFR), today announced it has been awarded the SWIFTReady
corporate actions label for CheckFree eVent(TM), the company's
best-in-class automated workflow solution for corporate actions.
The achievement of this designation further reflects CheckFree's
commitment to technology leadership in the corporate actions space.
SWIFT is an industry-owned co-operative supplying secure,
standardised messaging services and interface software to over
7,800 financial institutions in more than 200 countries.
CheckFree's transaction process management solution, CheckFree
TradeFlow(TM), and its operational risk management solution,
Accurate NXG, achieved SWIFTReady Gold 2005 accreditation for
Financial EAI and cash and securities reconciliation respectively,
earlier this year, for the sixth straight year in both categories.
SWIFTReady Gold is the highest level of compliance awarded by
SWIFT. Each technology solution is judged on its ability to provide
automation in a SWIFT environment. CheckFree's complete securities
processing platform, which combines CheckFree TradeFlow, CheckFree
eVent and the company's reconciliation solutions, is based on
SWIFTReady Gold-accredited technologies. CheckFree Software enables
securities firms to process trades received from any trade order
and portfolio management system through the entire post-trade
process to settlement of the transactions. The reconciliation of
securities settled and positions held, together with the management
of pre- and post-settlement exceptions, and processing of corporate
actions are also fully supported. CheckFree eVent enables customers
to quickly achieve automated corporate action processing, with
workflows and exception management pre-configured to meet business
best-practice scenarios. The platform can be easily configured and
supports industry standards as well as proprietary data formats.
Built on CheckFree's financial messaging technology, eVent
leverages an integrated architecture to provide truly global
straight-through processing capabilities. Joel Ludvigsen, director,
Partner Solutions at SWIFT said, "We appreciate the enthusiasm,
willingness and ability shown by CheckFree to quickly deliver
SWIFTReady advanced technology to our clients, enabling them to
gain value from the evolution of the ISO 15022 standard in the
corporate actions space." "The stringent SWIFT testing process
validates CheckFree TradeFlow and Accurate NXG's flexibility and
support for SWIFT standards," said Randy McCoy, executive vice
president and general manager of CheckFree Software. "The SWIFT
accreditations are important because they reinforce the strength of
our technology and its adaptability to meet ongoing changes in the
marketplace. Furthermore, with SWIFTReady Gold accreditation for
financial messaging and cash and securities reconciliation, our
customers can be confident that they have selected best-in-class
technology that supports a growing number of industry standards."
"Today, CheckFree's corporate action, transaction process
management and operational risk management solutions are delivering
comprehensive transaction management capabilities to the global
SWIFT community," added Olivier Roucloux, industry analyst, Partner
Solutions, SWIFT. "CheckFree's SWIFT accredited product portfolio
confirms the company's status as a financial software market
leader." 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 11 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, 2005 (filed September 2, 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 Software CONTACT: Media relations, Judy
DeRango Wicks, +1-678-375-1595, or , or Investor Relations, Tina
Moore, +1-678-375-1278, or , both of CheckFree Web site:
http://www.checkfreecorp.com/
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