CKFR Checkfree Corp (MM)

ATLANTA and SYDNEY, Australia, Oct. 8 /PRNewswire-FirstCall/ -- Sibos Conference Booth L08 -- CheckFree Corporation (NASDAQ:CKFR) today announced its unique Applied Operational Intelligence(SM) approach to driving profitability and performance for financial services institutions and other corporations worldwide. "Our Applied Operational Intelligence approach empowers clients to drive profitability and performance and defines how CheckFree helps solve their business problems," said Randy McCoy, executive vice president and general manager of CheckFree Software. "The solution that CheckFree delivers through its Applied Operational Intelligence approach allows our clients to better manage risk and efficiency, more accurately measure return on their investments and ultimately increase profitability." The Applied Operational Intelligence approach channels valuable operational intelligence back to the business through CheckFree's innovative solutions, industry expertise, collaborative partnership approach, and core competencies of reconciliation, exception management, transaction process management, corporate actions processing, payments processing, risk management and compliance. "The application of operational intelligence to a customer's business opportunities embodies a total customer approach to solving problems, which demonstrates that the vendor understands its clients' markets, business issues and requirements," said Maggie Scarborough, research manager at Financial Insights. "CheckFree can leverage its industry-focused application and analytics technology for its customers across transaction types and processes -- combined with its Six Sigma foundation, the approach should produce business process excellence." "CheckFree believes that its Applied Operational Intelligence approach for optimised performance can provide a strategic advantage for our clients. The intelligent application of our business and technology expertise, along with our dedication to a reliable and proven Six Sigma methodology, ensures that we deliver the best installed solution for each client," continued McCoy. CheckFree executives attending the Sibos conference in Sydney, Australia and the Association of Finance Professionals conference in Las Vegas, Nevada, will discuss how CheckFree's Applied Operational Intelligence approach has consistently helped customers to report on projects that have finished on time and on budget, with business benefits and return on investment targets achieved and frequently exceeded. The approach helps reduce losses from transactional errors while increasing the efficiency of financial control activity, resulting in lower operating costs, more time to address potential losses and greater transparency of positions and processing overheads. At Sibos, CheckFree will be showcasing the latest versions of its SWIFTReady-accredited solutions, Accurate NXG(TM), for reconciliation and exception management, the CheckFree TradeFlow(TM) solution for transaction process management and the CheckFree eVent(TM) solution for corporate actions processing. The AFP show will showcase the Accurate NXG solution as well as CheckFree's ACH processing and advanced positive pay processing solutions. CheckFree will host invited delegates to its exclusive "Down Under" celebration from 6-10 p.m. on Tuesday, Oct. 10, 2006. The event will be held at award-winning restaurant and bar Guillaume at Bennelong -- in the southern shell of the iconic Sydney Opera House. For more information, visit CheckFree at booth LO8 at Sibos. For more information, or to arrange an interview with CheckFree at the event, please contact Ruth Brown, Write Image, on +44 (0) 20 7959 5400 or email 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

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