CKFR Checkfree Corp (MM)

Implementation of CheckFree e-Bill Distribution(SM) with Consumer Choice results in more Verizon customers receiving bills online in place of mailed paper copies ATLANTA, May 3 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) received an Excellence Award from Billing World & OSS Today magazine on April 25 at the Billing & OSS World 2007 Conference. Presented in the category of "Best Customer Success Story," the award recognized increased adoption of electronic billing by Verizon Communications customers who bank online at a leading bank, which resulted from the implementation of CheckFree e-Bill Distribution(SM) with Consumer Choice. Verizon Communications was the first company to implement CheckFree e-Bill Distribution(SM) with Consumer Choice, which allows customers to enroll in a 90-day trial period at their online banking provider during which they can receive an electronic version of their bill online, without committing to turning off their paper bill. At the end of the trial period, customers are prompted to choose electronic bills (e-bills) or paper bills as their preferred future delivery method. E-bills are paperless bills that are delivered directly to a consumer's online banking account. With e-bills, consumers can review balances, transactions, and all the other details available in paper bills, then schedule payments with just a few clicks of the mouse. As a result of offering an e-bill trial period to customers who pay their Verizon bills online at a bank website, Verizon experienced a double-digit increase in the average number of e-bills activated by customers on a daily basis. More than 75 percent of Verizon customers who were presented with the trial period opted to stop receiving their paper bills either immediately or at some point during the trial period. It was for these impressive results that CheckFree and Verizon were recognized with the Billing World and OSS Today Excellence Award. Encouraging more customers to replace mailed paper bills with e-bills received online is significant because it allows companies to reduce both printing and postage expenses. CheckFree research also shows e-bills enhance customer satisfaction, with 35 percent of consumers who received e-bills at a bank website indicating that the service had improved their relationship with that company. In addition, 39 percent of consumers who received e-bills at a bank website said they were less likely to switch to a competitor's service. Paperless billing also offers consumers advantages that include enhanced security and increased control, because it eliminates paper bills delivered via mail. "The trial period feature available to Verizon customers through CheckFree e-Bill Distribution with Consumer Choice expands the potential for adoption of electronic billing by allowing our customers to experience the benefits of e- bills first-hand," says Angeline Depauw, Director, Electronic Remittance Processing, Verizon Communications. "We have seen a very positive initial response among our customers, who appreciate the click and pay convenience that e-bills provide." "Electronic billing and payment services provide consumers with an easy, secure and efficient way to gain greater control over the management of monthly bills," says Lori Stepp, Managing Executive, E-Bill Adoption Services, CheckFree. "CheckFree strives to offer companies innovative new ways to introduce consumers to the benefits of paperless billing - and the Billing World & OSS Today Excellence Award is recognition of our success." About Billing World & OSS Today Billing World & OSS Today is a billing, customer care and operations support systems (OSS) magazine for the telephone, wireless, cable TV and electronic commerce industry. It is written and edited for network operations, technology, marketing and strategic planning professionals, software and hardware developers, technology managers, information system integrators, professional services firms and investors. The publication includes new product reports, international industry news updates, financial coverage and profiles of leaders in the communications field. 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 $1.8 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 relations, Judy DeRango Wicks, +1-678-375-1595, , or Investor relations, Tina Moore, +1-678-375-1278, , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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