CKFR Checkfree Corp (MM)

Platform Scalability and Flexibility Drives Growth in Genworth SMA and UMA Business JERSEY CITY, N.J. and ATLANTA, March 27 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that Genworth Financial Asset Management, Inc., (GFAM) a provider of innovative investment management solutions, has chosen to run its mutual fund advisory, as well as its separately managed and unified managed account (UMA) offerings, on CheckFree APL(TM) because of the platform's robust architecture and proven flexibility. GFAM is part of Genworth Financial, Inc. (NYSE:GNW). CheckFree will power portfolio management and monitoring services for Genworth Financial Asset Management's various investment services. By incorporating CheckFree APL into its managed account solutions, Genworth Financial Asset Management can utilize advanced portfolio management capabilities to help financial advisors meet specific client requirements. Genworth's innovative UMA solutions incorporate multiple investment products such as separately managed accounts (SMAs) and mutual funds delivering comprehensive investment solutions designed to grow with their customers. Genworth administers the overlay function using CheckFree APL to manage oversight across the multiple investment instruments inherent in the UMA. The enhanced functionality provided by the APL platform will enable Genworth to further expand its SMA and UMA services into the future. Launched in 1999, Genworth's Privately Managed Portfolios service brings together multiple portfolio advisors to recommend a focused, customized portfolio of securities in specific asset classes for each customer. In addition, Genworth Multiple Strategy Portfolios deliver an innovative managed account service targeting investors requiring lower investment minimums beginning at $50,000. CheckFree APL offers the flexibility and scalability required to add new accounts while providing comprehensive monitoring and reporting to ensure Genworth clients enjoy the lowest level of risk for a determined level of expected return. "As we continue to grow our business with a focus on separately managed and unified managed accounts, we are committed to providing innovative, high-quality investment solutions that meet the evolving needs of our clients," said Michael Abelson, senior vice president, Genworth Financial Asset Management. "By integrating CheckFree APL into our managed account offering, we can leverage CheckFree's proven engine to deliver best-in-class portfolio management, oversight, monitoring and reporting, maximizing SMA and UMA portfolios and delivering superior client service." Michael Gianoni, executive vice president and general manager at CheckFree Investment Services, said, "Genworth Financial Asset Management's selection of CheckFree APL is a strong endorsement of our leadership position in separately managed and unified managed accounts. As firms such as Genworth continue to concentrate their services on SMAs and UMAs, CheckFree APL delivers the flexibility and functionality to evolve with them, opening new revenue streams while providing superior support for the next generation of investment services." CheckFree APL delivers the foremost managed account platform to support the evolving trends in the investment management industry, including wealth management and UMA. The APL platform provides remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree's platform enables approximately 100 of the top Wall Street sponsor firms, 150 separate account managers and more than 100 institutional money managers to network and operate in a straight-through processing environment. About Genworth Financial (http://www.genworth.com/) Genworth is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in more than 25 countries. For more information, visit genworth.com. Genworth Financial Asset Management, Inc. has provided investors with innovative investment solutions since 1985. As an investment advisor managing over $5 billion in assets, we work with investment professionals nationwide to provide their clients with innovative investment solutions, comprehensive and flexible enough to meet their needs today as well as in the future. 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 $1.7 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), Form 10-Q for the quarter ended September 30, 2006 (filed November 8, 2006) and Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 2007). 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, Judy DeRango Wicks, +1-678-375-1595, , or Investors, Tina Moore, +1-678-375-1278, , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.genworth.com/

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