CKFR Checkfree Corp (MM)

- System deploys new implementation approach and utilizes Rich Internet Application technology to provide a "rich experience" for users - ATLANTA and LAS VEGAS, Nov. 14 /PRNewswire-FirstCall/ -- BAI Retail Delivery Conference & Expo, Booth # 1417 -- CheckFree Corporation (NASDAQ:CKFR) today introduced CheckFree Web Rich Experience (RXP(SM)), the latest innovation in its industry-leading electronic billing and payment platform. The system uses Rich Internet Application (RIA) technology to provide a "rich experience" for users, driving greater understanding and awareness of key functionality to move users to heightened levels of product adoption and usage. CheckFree Web RXP(SM) makes it even easier for consumers to adopt tools and features within an institution's online bill pay service, including e-bills, payment reminders and recurring payments. Leveraging the CheckFree Web Payment Center CheckFree is leveraging its Payment Center hub and adding incremental components that will enhance the user interface without compromising overall familiarity with the service. Today, the "just-in-time" presentation of tasks and content in CheckFree RXP enables users to remain within the Payment Center where they conduct most of their payment-related tasks, while viewing relevant biller, payment and promotional information. This helps financial institutions drive higher levels of adoption, while enabling consumers to take advantage of more of the convenient features available to them through the electronic billing and payment service. "Financial institutions utilize a number of consumer marketing approaches to educate the mainstream consumer about using online banking and payment features," said Matt Lewis, executive vice president and general manager of CheckFree's Electronic Commerce Division. "CheckFree Web RXP drives increased awareness and adoption of high-value tools -- a win-win for consumers and financial institutions alike. Consumers gain enhanced financial control and ease of use, while financial institutions benefit from a deepened online relationship, resulting in greater customer loyalty." By integrating rich Internet components into the CheckFree Web Payment Center, online banking sites can offer greater interactivity than HTML alone. According to a September 2006 Forrester Research report, the majority of online consumers who have used rich Internet applications (RIA) report that these applications greatly enhance their Web experiences. When asked what they liked most about interactive rich Internet features, online consumers' top choice was ease of use, followed by great content, and faster processing time. CheckFree Web Payment Assistant The new Payment Assistant leverages CheckFree's comprehensive consumer research. Using rich Internet technology, the Payment Assistant provides just- in-time, biller-specific content during a user's bill pay session, including: - Biller Information: The billing address and pending and recent payment details are presented at the point of payment initiation. - Educational Tips: Messages are presented based on the consumer's payment behavior for each particular biller, and progressive opportunities are offered to learn about and adopt new features. - Actionable Links: Links are displayed that enable setup of new tasks, such as receiving a bill electronically or establishing a recurring payment. Instead of requiring users to leave the Payment Center and seek these features, they are presented to them and do not interfere with the momentum of their bill paying tasks. A new way to deploy the right enhancements and functionality CheckFree has developed an approach for deploying enhancements in the code base directly to its clients, allowing financial institutions to take advantage of incremental enhancements and features in CheckFree Web RXP without requiring the resources associated with a full implementation of product upgrades. As a result, it is easier to deploy new functionality to users. The goal is to deliver the right functionality at the right time, maintain the integrity and familiarity of the interface, and minimize the impact on financial institutions' implementation resources. Industry Leadership CheckFree launched the first fully integrated electronic billing and payment solution in the country. Today, millions of consumers securely receive and pay bills through more than 2,000 distribution sites powered by CheckFree's electronic billing and payment services. CheckFree delivers e-bills to these sites from more than 300 companies nationwide, representing thousands of consumer brands. 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 the convenience of receiving and paying household bills online, via phone or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to hundreds of financial services organizations, which manage about $1.5 trillion in assets. CheckFree Software develops, markets and supports payment processing solutions that are used by financial institutions to process more than two-thirds of the 14 billion Automated Clearing House transactions in the United States, and supports reconciliation, exception management, risk management, transaction process management, corporate actions processing, and compliance within thousands of organizations worldwide. 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) and Form 10-Q for the quarter ended September 30, 2006 (filed November 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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