CKFR Checkfree Corp (MM)

Bank also purchased CheckFree FraudNet(TM) to leverage advanced fraud detection technology ATLANTA, Jan. 3 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR), and SunTrust Banks, Inc. (NYSE:STI), today announced a multi- year contract extension. Under the terms of the agreement, Atlanta-based SunTrust will continue to offer CheckFree Web(SM), the industry's leading electronic billing and payment service, to its retail and small business clients. CheckFree also will collaborate with SunTrust to help continue educating consumers and small business clients on the many benefits of electronic billing and payment services, from time savings to the prevention of identity theft and fraud, as part of the bank's overall client experience initiative. "SunTrust recently launched an entirely new Web site for its online banking clients, one that is full of helpful information about online banking, how to pay bills online, tips for protecting against fraud and many other important facts," said Maureen Brady, SVP, Director of eBusiness for SunTrust. "Continuing our technology relationship with CheckFree confirms the premium we place on providing clients with the most advanced electronic billing and payment technologies available on the market today." SunTrust's Bill Pay service, offered free of charge to all retail banking clients as part of its online banking services at suntrust.com, enhances the client experience in a number of ways, including: - Flexibility - pay billers, friends, family or anyone - from SunTrust's easy-to-use, secure online portal - Financial control - schedule how much, when, and from which SunTrust account a payment is to be sent and monitor the payment online - Guaranteed payments - with SunTrust's protection against unauthorized transactions, clients know their payments will arrive securely and on-time SunTrust also joins more than 40 financial institutions in selecting and implementing CheckFree FraudNet(TM), a proactive fraud engine that scales and actually becomes smarter at detecting anomalies with increased transaction volumes. CheckFree FraudNet can help significantly reduce losses for participating banks, as well as provide data on attempted fraudulent transactions to help law enforcement officials apprehend and prosecute fraudsters. The system combines CheckFree's cumulative knowledge of payment patterns and a sophisticated analytics engine to help financial services organizations detect and stop unauthorized payments before they are completed. "SunTrust has been a valued CheckFree partner since 1995 and is one of the premier banking institutions in the country," said Jeff Weikert, senior vice president of the Consumer Service Provider business unit in CheckFree's Electronic Commerce Division. "As a technology innovator, we are excited to continue working with SunTrust for many years to come to deliver to its clients the most advanced, convenient and secure way to receive and pay their bills." About SunTrust (http://www.suntrust.com/) SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2006, SunTrust had total assets of $183.1 billion and total deposits of $124.4 billion. The Company operates an extensive branch and ATM network throughout the high- growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels. The Company also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the Company provides credit cards, mortgage banking, insurance, brokerage, equipment leasing and capital markets services. SunTrust's Internet address is suntrust.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 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/ http://www.suntrust.com/

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