CKFR Checkfree Corp (MM)

CheckFree TradeFlow 2.1 to Support U.S. Domestic Trade Processing and Advanced Settlement Tracking Functionality ATLANTA and LONDON, Oct. 4 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today launched CheckFree TradeFlow(TM) version 2.1, the latest release of its post-trade securities transaction process management solution. With this new release, CheckFree has built upon its existing cross-border post-trade functionality to provide support for U.S. domestic trade processing. This gives global securities firms the ability to manage transactions across the enterprise via a single, integrated, straight-through processing (STP) hub. Designed to manage all transactional and operational activity across multiple geographies and asset classes, the CheckFree TradeFlow solution enables complete post-trade communication for buy side investment managers and asset servicers. The extended solution provides local matching workflows for Depository Trust Company (DTC) confirmations to allow electronic trade matching, confirmation and settlement of U.S. domestic trades within one single integrated STP hub. These enhancements complement the existing allocations workflow within CheckFree TradeFlow offered through connectivity to Omgeo's Oasys service. CheckFree TradeFlow 2.1 supports equities, fixed income, foreign exchange, forwards, and money market instruments, giving securities firms exceptional pre-packaged functionality for trade confirmation, settlement and exceptions management. The solution connects to SWIFT and Omgeo(SM) gateways, as well as all other industry-standard delivery mechanisms to communicate with brokers and custodians to enhance operational efficiencies. CheckFree TradeFlow's innovative new Settlement Tracking module makes use of SWIFT's Confirmation of Original Instruction and Settlement Status messages. By integrating this information into the post-trade process, asset managers gain the ability to track trades through to settlement in real time, enabling the proactive identification and resolution of settlement issues. It helps institutions to avoid the costs associated with trade failure by prioritising settlement issues and preventing the financial losses associated with failed trade interest claims. "With CheckFree TradeFlow's extension to U.S. domestic processing, we have delivered a truly global, end-to-end post-trade securities processing solution designed to give buy side firms enormous efficiency gains, while minimising potential operational risk. Additionally, the new Settlement Tracking module enables operations managers to proactively avoid settlement failures, making CheckFree TradeFlow a compelling value proposition for asset managers looking for solutions to help safeguard their reputations worldwide," said Preston Hoffman, senior vice president, and general manager of CheckFree Software. The CheckFree TradeFlow solution is designed to allow organisations to efficiently manage, monitor and measure the flow of securities and cash transactions across the enterprise and through counterparties and settlement agents, while minimising operational risk and increasing operational efficiencies. For more information about CheckFree TradeFlow, visit http://www.checkfreesoftware.com/. 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.checkfreecorp.com/

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