CKFR Checkfree Corp (MM)

ATLANTA and LONDON, Nov. 29 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced an innovation in financial messaging. CheckFree Message Broker(TM), the technology that underpins CheckFree eVent(TM), CheckFree TradeFlow(TM) and Accurate NXG(TM), is automating the production of data dictionaries from ISO 20022 compliant schemas, as defined by SWIFT, to deliver SWIFTNet Solutions. CheckFree Message Broker is SWIFTReady Gold Accredited for EAI (Enterprise Application Integration), and this capability will enable financial institutions to develop better financial messaging processes and mitigate risk as they take immediate advantage of the latest SWIFT standards. CheckFree has a commitment to technology leadership including addressing the increasing complexity of global financial transaction management. This latest development is especially timely and valuable to clients as a number of services are being delivered to the market by SWIFT in the new ISO 20022 multi-asset class standard. SWIFT has automated the business modeling process to create the relevant schemas for new services to support new business process requirements. CheckFree has automated the process of turning these schemas into implementable technology in the form of data field dictionaries that enable integration, connectivity, workflow and exception management within its transaction process management and operational risk management frameworks. "In supporting the latest ISO industry standards, CheckFree is well- positioned to offer customers the most current business solutions developed by SWIFT," said Geoff Harries, director of STP Product Management at CheckFree. "By automating the process of creating data dictionaries we have greatly improved time to market for these vital messages, meaning our clients can derive the benefits that the new SWIFTNet services provide, and better manage complex messaging projects." The data field dictionary approach that CheckFree Software has taken to SWIFTSolutions since 1996 has been expanded from the support of the IS0 15022 messages to embrace the new message definitions for SWIFTNet services in IS0 20022. Starting with SWIFTNet Funds and SWIFTNet Cash Reporting CheckFree is delivering significant value to customers who are looking to automate the investment funds process and embrace the operational efficiencies brought by real-time nostro. Teresa Nolan, Director Securities UK and Nordics at SWIFT said: "The architecture of CheckFree's solutions enables financial institutions to have the flexibility to implement multiple business process improvements. This is key to respond to client needs and industry mandatory compliance requirements. As a valued SWIFT partner, we endorse CheckFree's data field dictionary approach -- which takes full advantage of the new ISO and SWIFT business modelling methodology to deliver business transaction-based solutions to the financial industry." 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 $1.2 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 operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 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), and Form 10-Q for the quarter ended September 30, 2005 (filed November 8, 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: Judy DeRango Wicks, +1-678-375-1595, or , or Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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