CKFR Checkfree Corp (MM)

ATLANTA and LONDON, Nov. 16 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that its corporate actions solution, CheckFree eVent(TM), has secured the Benchmarking International Systems and Services (B.I.S.S.) 2006 Gold Label for the fourth consecutive year. CheckFree eVent is a modular, workflow-driven solution that enables custodians, broker/dealers, investment firms, fund managers and third-party administrators to minimise corporate actions processing risk. The B.I.S.S. accreditation was established four years ago to provide an independent business valuation by business users and a select team of analysts drawn from a cross section of the financial services industry, who set the criteria that they would consider critical when purchasing a corporate actions solution. Each solution is benchmarked against these criteria and the independent panel and analysts determine whether the solution meets the required standards. The B.I.S.S. Gold Label indicates that the vendor's corporate actions solution has been awarded the independent accreditation and it thus increases the confidence of the buyer, to help reduce the risk of purchase error and speed up the procurement process. "CheckFree has invested a considerable amount of effort in the CheckFree eVent corporate actions solution, evidenced by significantly improved performance over the last four years. It is clear that CheckFree has a strong desire and commitment to building one of the industry's best corporate actions solutions," said Gary Wright, chief executive officer of B.I.S.S. Research. "This accreditation from B.I.S.S. further underlines why CheckFree eVent is the corporate actions solution of choice," said Preston Hoffman, senior vice president and general manager of CheckFree Software. "It recognises the commitment and investment that CheckFree has made to ensure it retains its product and thought leadership position in the corporate actions space." The 2006 Gold Label for CheckFree eVent is evidence of the company's unique Applied Operational Intelligence(SM) approach to driving profitability and performance for its clients. 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. One of the highlights of CheckFree eVent, according to the benchmarking report from B.I.S.S. Research, is the support for a variety of message formats, ranging from ISO 15022 and ISO 20022 to off-the-shelf interfaces with data vendors such as FT Interactive Data, Telekurs Financial, Exchange Data International, Fidelity ActionsXchange, London Stock Exchange and the Canadian Depository for Securities. CheckFree's financial messaging technology, CheckFree Message Broker(TM), part of the CheckFree eVent solution, utilizes core integration and rules processing designed to allow organisations to connect multiple systems seamlessly. This gives clients the ability to handle many different interfacing requirements and CheckFree Message Broker is recognised as a proven top class technology in many different financial services firms. For more information about CheckFree eVent, visit http://www.checkfreesoftware.com/. About B.I.S.S. Research Ltd B.I.S.S. Research is an independent company providing analysis of technology and services of suppliers in the Global financial services industry. B.I.S.S. Research analysts are all from a business to IT background with a long track record of procurement in the financial services market place, which enables them to produce unique and valuable assessments of technology and services and their value to the supplier and the market place. For further information contact: B.I.S.S. Research on: Tel: +44 (0)207 549 3564 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 the convenience of receiving and paying their household bills online, via phone 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 $1.5 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: Judy DeRango Wicks, Media Relations, +1-678-375-1595, or ; or Tina Moore, Investor Relations, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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