CheckFree eVent Delivers Interface to CDS INC. for SWIFT ISO 15022 Entitlement Data - Achieving Greater Automated Processing of
19 Setembro 2006 - 11:15AM
PR Newswire (US)
-- Interface provides customers worldwide with quality Canadian
entitlement data to streamline automated processing of corporate
actions -- ATLANTA and LONDON, Sept. 19 /PRNewswire-FirstCall/ --
CheckFree Corporation (NASDAQ:CKFR) today announced that CheckFree
eVent(TM), the company's powerful automation and workflow solution
for corporate actions processing, now interfaces with the SWIFT ISO
15022 compliant data feed from CDS INC., a subsidiary of The
Canadian Depository for Securities Limited, which serves as a
premier supplier of Canadian equity and debt entitlements
information. As a result, CheckFree and CDS INC. are now making
quality Canadian entitlement data for the automated processing of
corporate actions available to customers worldwide. The CDS INC.
service uses MT564 Corporate Actions Notification messages, over
the SWIFT network and CDS's proprietary network. It offers
subscribers detailed corporate actions information on the 54 event
types used in Canada. CheckFree and CDS INC. are extending their
commitment to the industry adoption of ISO 15022 messages as
standard and helping customers to achieve greater automated
processing of their corporate actions. Geoff Harries, director of
securities product management at CheckFree Software, said, "The
interface between CheckFree eVent and CDS's entitlement data
provides clients with a high-quality Canadian data feed that can be
automatically incorporated into CheckFree eVent's notification
validation process. This solution is now available to financial
organisations that subscribe to the CDS INC. service, improving the
quality of corporate action processing." Ian Gilhooley, chief
operating officer at CDS INC., said, "The CDS Entitlement Messaging
service facilitates the process of distributing Canadian
information to securities market participants anywhere in the
world. We designed our Entitlement Messaging service to meet ISO
15022 standards. This makes it an ideal feed for CheckFree eVent,
which helps lower costs and enables firms to reduce potential
risks." With the help of CheckFree eVent, organisations can
receive, compare and validate corporate actions data from multiple
sources without manual intervention, a process that can otherwise
be time-consuming and prone to error. The solution automates the
electronic receipt of notifications and provides online management
facilities to direct the entire process from notification to
settlement. SWIFTReady accredited, CheckFree eVent is built on the
same financial messaging platform as the SWIFTReady Gold accredited
CheckFree TradeFlow(TM) solution. CheckFree eVent has achieved the
CityCompass Research B.I.S.S. Gold Accreditation for Corporate
Actions Systems. This designation, along with the SWIFT
accreditation, further reflects CheckFree's commitment to
technology leadership in the corporate actions space. For more
information about CheckFree eVent, visit
http://www.checkfreesoftware.com/. About CDS INC.
(http://www.cds.ca/) CDS INC., a subsidiary of The Canadian
Depository for Securities Limited (CDS), provides a growing range
of products that meet the ever-changing market demands for
securities information and processing services. CDS INC. also
operates, on behalf of Canadian securities regulators, SEDAR(R),
the System for Electronic Document Analysis and Retrieval; NRD(R),
the National Registration Database; and SEDI(R), the System for
Electronic Disclosure by Insiders. Founded in 1970, The Canadian
Depository for Securities Limited is Canada's national securities
depository, clearing and settlement hub. 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 $1.4 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 14 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 the Company'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 the Company's business, and other risks and
uncertainties detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ended June 30, 2006 (filed September 8, 2006). One or more of these
factors have affected, and could in the future affect the Company'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 the Company, or any other person, that the
objectives and plans of the Company will be achieved. All
forward-looking statements made in this press release are based on
information presently available to management, and the Company
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.checkfreesoftware.com/
http://www.checkfreecorp.com/ http://www.cds.ca/
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