CKFR Checkfree Corp (MM)

-- CheckFree TradeFlow TPM delivers automated post-trade securities processing, simplifying complex multi-instrument processing, creating a single STP -- ATLANTA and LONDON, Oct. 3 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that it has been selected by Jupiter Asset Management Limited to deploy CheckFree TradeFlow TPM(TM) as a strategic platform for electronic trade confirmation, local matching and electronic trade settlement. CheckFree TradeFlow is a next-generation straight through processing (STP) solution that combines proven and innovative integration, messaging, workflow and exception management capabilities in a single, integrated, technology platform. The TradeFlow deployment will enable Jupiter Asset Management (Jupiter AM) to manage its entire post-trade securities processing. Jupiter AM wanted to simplify and streamline its transaction processing. The CheckFree TradeFlow deployment forms part of an overall system review undertaken by the company. Using CheckFree's solution as a centralized financial messaging hub, Jupiter AM will migrate its middle office processing from a number of disparate systems and complex semi-automated processes onto a single flexible platform that was designed to scale and keep pace with volume growth as the business continues to expand. "We required a solution that would meet our exacting business requirements from a user perspective, delivered via the best possible technical architecture from an IT perspective," said Ken Crawford, Director at Jupiter Asset Management Limited. "We chose CheckFree TradeFlow TPM because it was clear that the business benefits of its technological architecture can quickly be realized across our organisation." Users will leverage CheckFree TradeFlow's real-time operational user interface, which provides a superior exception management capability for faster resolution of outstanding issues, to drill down into individual cases, identifying, accessing and resolving exceptions as they happen. Jupiter AM expects to also gain improvements by adopting a straight-through processing strategy, which will bring operational efficiency from front to back office and increase same day affirmation rates. "Our customers need a business partner that can not only deliver proven solutions on a global scale, but also understand their specific business needs," said Preston Hoffman, senior vice president and general manager of CheckFree Software's Securities business. "Jupiter Asset Management's requirements are absolutely in line with the CheckFree TradeFlow TPM approach, which delivers an 'out of the box' solution that can be implemented in a timely fashion to enable end-to-end post-trade securities trade processing. We are very pleased to be working with such a well-respected securities organisation." 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 12 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 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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