CKFR Checkfree Corp (MM)

Comprehensive Solution Will Enhance Customer Service While Opening New Revenue Channels ATLANTA, and CHICAGO, April 16 /PRNewswire-FirstCall/ -- Payments 2007, Booth #321 -- CheckFree Corporation (NASDAQ:CKFR) today announced that Whitney National Bank, principal subsidiary of Whitney Holding Corporation (NASDAQ:WTNY) has selected the CheckFree PEP+(R) Platinum Package. The strategic software and services deployment will enable Whitney to rapidly and efficiently process ACH payments, streamline internal processes to mitigate risk and fraud exposure, increase revenue and ensure business continuity in the event of a future disaster. By upgrading to the CheckFree PEP+ Platinum Suite, Whitney National Bank will leverage an online, real-time ACH system that enables origination and receipt of electronic payments. The PEP+ Platinum deployment will enable the bank to migrate from paper to electronic payments processing, deliver improved web-based services to geographically dispersed clients, and create new revenue streams by introducing value-added services designed to attract new customers. The bank will also gain the ability to highlight questionable transactions via a customizable web interface that allows customers to view and authorize transactions in real-time, helping to reduce fraudulent activities in their accounts. Whitney National Bank, based in New Orleans, has assets of $10.2 billion and operates bank branches in Texas, Louisiana, Florida, Alabama and Mississippi. Whitney National Bank has been a CheckFree customer since 1992. As part of the CheckFree PEP+ deployment, Whitney will move to an IBM DB2(R) database that can provide a copy of their complete system in real-time, ensuring critical data is current and continuously available to ensure ACH disaster recovery in the event of a future incident. CheckFree will provide Whitney with a dedicated professional services team with the expertise to implement the DB2 software on-site, significantly reducing the time to market of the new solution. "As a historically commercial bank, Whitney National Bank values the ability to offer our customers a contemporary product set, and considers it an essential component of the Bank's ongoing strategy," said Rodney Chard, Executive Vice President, Operations and Technology, at Whitney National Bank. Randy McCoy, executive vice president and general manager at CheckFree, said, "By combining the PEP+ Platinum Package with CheckFree's Applied Operational Intelligence(SM) approach, we can deliver superior business continuity functionality for ACH processing. As a result, Whitney can focus on continuing to provide excellent customer service with this comprehensive, easily maintained solution." CheckFree's Applied Operational Intelligence approach helps clients drive profitability and performance through a combination of innovative software, industry expertise and collaborative partnership. The Applied Operational Intelligence approach is expressly designed to manage risk and efficiency, while leveraging valuable 'business intelligence' to achieve measurable return on investment. CheckFree PEP+, together with its comprehensive suite of add-on modules, provides a complete solution for quickly and efficiently originating and receiving payments through the ACH, improving ACH operating effectiveness and decreasing its costs. The CheckFree PEP+ Platinum Suite includes the PEP+ Fraud and Risk Compliance Package, Exchange, and CommonView modules. About Whitney National Bank (http://www.whitneybank.com/) Whitney Holding Corporation is a bank holding company headquartered in New Orleans, Louisiana. The Company's principal subsidiary is Whitney National Bank, which has been in continuous operation since 1883. Whitney National Bank engages in community banking in its market areas in the five state Gulf Coast region, including Houston, Texas; southern Louisiana; the coastal region of Mississippi; central and South Alabama; the panhandle of Florida and the Tampa Bay metropolitan area of Florida. The Bank also has a foreign branch on Grand Cayman in the British West Indies. Through its bank, plus Whitney Securities, L.L.C. and the Whitney Community Development Corporation, the Company offers commercial, retail and international banking services, as well as brokerage, investment, trust and mortgage services throughout the Gulf South. About CheckFree (http://www.checkfree.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 $1.7 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: Investor relations: Tina Moore, +1-678-375-1278, , or Media relations: Judy DeRango Wicks, +1-678-375-1595, , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.whitneybank.com/

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