CKFR Checkfree Corp (MM)

ATLANTA and LONDON, July 25 /PRNewswire-FirstCall/ -- CheckFree (NASDAQ:CKFR) today announced that Degussa Bank GmbH, the German bank owned by ING-DiBa, the direct banking subsidiary of Dutch ING Group NV, has selected CheckFree's Accurate NXG(TM) to automate its cash, securities and commission account reconciliations. CheckFree's Operational Risk Management solution will increase the efficiency of the bank's reconciliations process, enabling it to potentially manage operational risk more effectively. Built on the four core competencies of reconciliation, exception management, workflow and business intelligence, CheckFree's Accurate NXG will be deployed in Degussa Bank's headquarters in Frankfurt, Germany. The solution will automate a previously manual reconciliations process that was proving time-consuming and costly. By using a single reconciliation platform from CheckFree, Degussa Bank will ensure data integrity and efficiency across its various transaction types, thereby reducing potential risk throughout the organisation. With the CheckFree solution, Degussa Bank will improve the investigation and resolution of transaction errors, and ultimately reduce the incidence of errors in the future. CheckFree's Accurate NXG is optimised for reconciliation processing, through multiple match rules, as well as advanced data repair and enrichment capabilities. The solution also drives business reporting to deliver analysis and solid metrics to senior management to improve risk management. Dirk Van de Velde, vice president, continental Europe at CheckFree Software, said, "Degussa Bank is a key addition to our client portfolio in Europe and reinforces our growing reputation in the German financial services industry. By replacing largely manual processing with our solution, Degussa Bank will not only increase processing efficiencies, but will also free up existing staff to perform more value-added analysis, enabling operational risk to be managed more effectively." About Degussa Bank (http://www.degussa-bank.de/) Degussa Bank is a 100% owned subsidiary of ING-DiBa AG and is part of the ING Group. A member of the Association of German Banks, Degussa's roots go back to a precious metal separating business. Specialising in worksite banking for private customers, Degussa Bank offers a large variety of services including investment banking, securities business, personal loans, home loans, telephone banking and internet banking. Degussa Bank is located at industrial, business and technology parks as well as large companies such as BASF, DEA Mineraloel AG, DuPont de Nemours, Henkel KgaA, Industriepark Hochst, Lurgi AG, Lufthansa AG, Fraport AG, Opel AG, Bayer AG and Siemens AG. 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 about $1.3 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), Form 10-Q for the quarter ended September 30, 2005 (filed November 8, 2005), Form 10-Q for the quarter ended December 31, 2005 (filed February 8, 2006), and Form 10-Q for the quarter ended March 31, 2006 (filed May 9, 2006). 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/ http://www.degussa-bank.de/

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