HSBC Securities Services Implements CheckFree eVent(TM) for Corporate Actions Automation
15 Janeiro 2007 - 6:00AM
PR Newswire (US)
ATLANTA and LONDON, Jan. 15 /PRNewswire-FirstCall/ -- CheckFree
Corporation (NASDAQ:CKFR), today announced that HSBC Securities
Services (HSS) has implemented the CheckFree eVent(TM) solution to
deliver automated end-to-end corporate actions processing to HSS's
investment administration clients. HSS offers securities
administration and custody and is a leading provider of
comprehensive global, regional and domestic securities services to
corporate and institutional clients around the globe. HSS recently
surpassed $1 trillion of assets under administration and has $4.332
trillion of assets under custody, making it one of the world's
largest and broadest providers. The implementation of CheckFree
eVent is designed to automate the announcement capture and
validation of HSS's multiple data sources, creating corporate
actions master records for downstream processing and accounting
updates. All external communications have been implemented and
streamlined using the SWIFT ISO 15022 message suite for corporate
actions to ensure high straight-through processing (STP) rates are
achieved. With this new deployment of CheckFree eVent, HSS will
offer its clients post-trade securities processing, including
corporate actions automation, using two CheckFree solutions that
leverage a common architecture. HSS is already supported by the
CheckFree TradeFlow(TM) solution for trade confirmation and
settlement. Alex Powell, global chief operating officer of HSBC
Securities Services, said: "The automation of corporate actions is
a notoriously difficult problem to solve, which is why we engaged
CheckFree's specialized knowledge and solutions to assist us with
this project. A key selection criteria was the overall flexibility
and scalability of CheckFree eVent, as well as its proven
technology. CheckFree eVent enables us to cater to the fast
changing requirements of our clients in the key corporate actions
arena." CheckFree is a global leader in providing robust and
scalable solutions for corporate actions processing, transaction
process management, and reconciliation and exception management
within the financial markets industry. CheckFree has achieved this
leadership position by delivering solutions that maximize
efficiency, enabling organizations to benefit from automation using
industry standard protocols such as ISO 15022 and ISO 20022. "HSBC
Securities Services' selection of CheckFree eVent is testament to
the strength of our corporate actions processing solution," said
Preston Hoffman, senior vice president and general manager,
CheckFree Software. "With this new endorsement from HSBC Securities
Services, we have further improved our market leading position and
extended our strategic relationship with this major client. We look
forward to a long lasting and fruitful partnership with HSBC."
Widely recognized for its premium service quality, HSS won a number
of service awards in 2006, including "Best Outsource Provider" at
the FSmetrics Securities Industry Awards which recognizes the
highest level of straight-through processing in the industry.
CheckFree's Applied Operational Intelligence(SM) approach helps
clients drive profitability and performance by combining innovative
software, proven expertise and operational intelligence. The
Applied Operational Intelligence approach channels valuable
business 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.
About CheckFree eVent Based on workflow technology, CheckFree eVent
automates the routing of corporate actions messages to the right
person for action at the appropriate stage in the lifecycle.
Together with its comprehensive alert and escalation facilities,
this ensures that events are responded to in an efficient and
timely manner. CheckFree eVent reduces the risk of errors and
provides valuable proof of compliance with audit and archive
facilities. Powerful management information tools assist in the
identification of bottlenecks and peaks, allowing you to stay in
control, concentrate on exceptions and improve service quality.
SWIFTReady accredited, CheckFree eVent is built on the same
financial messaging platform as the SWIFTReady Gold accredited
CheckFree TradeFlow solution. CheckFree eVent has achieved the 2006
B.I.S.S. Gold Accreditation for Corporate Actions Systems for four
consecutive years. This designation, along with the SWIFTReady
accreditation for Corporate Actions for three consecutive years,
further demonstrates CheckFree's strong commitment to technology
leadership in the corporate actions space. For more information
about CheckFree eVent and other products visit
http://www.checkfreesoftware.com/. About HSBC Securities Services
(http://www.hsbcnet.com/) HSBC Securities Services (HSS) is a
division within Global Transaction Banking, part of the HSBC Group.
HSS provides comprehensive global, regional and domestic custody
services as well as cash management; foreign exchange; securities
lending; corporate trusteeship; issue and paying agency services;
alternative investment funds; and trustee and depositary services.
HSS also offers a full range of investment administration and
performance consulting services to institutional and corporate
clients worldwide. HSS's global assets under custody were reported
as US$ 4.33 trillion at 30 September 2006. Global assets under
administration totaled US$ 1 trillion at 30 September 2006. HSBC
Holdings plc HSBC Holdings plc (HSBC) serves over 125 million
customers worldwide through some 9,500 offices in 76 countries and
territories in Europe, the Asia-Pacific region, the Americas, the
Middle East and Africa. With assets of US$1,738 billion at 30 June
2006, HSBC is one of the world's largest banking and financial
services organisations. HSBC is marketed worldwide as 'the world's
local bank'. 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: Ruth
Brown of Metia Ltd., +44-20-3100-3602, .; Media relations: Judy
DeRango Wicks, +1-678-375-1595, ; Investor relations: Tina Moore,
+1-678-375-1278, Web site: http://www.checkfreecorp.com/
http://www.hsbcnet.com/ http://www.checkfreesoftware.com/
Copyright
Checkfree Corp (MM) (NASDAQ:CKFR)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Checkfree Corp (MM) (NASDAQ:CKFR)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024