CKFR Checkfree Corp (MM)

ATLANTA and LONDON, May 18 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that CheckFree eVent(TM), the company's solution for corporate actions processing, has received the 2007 SWIFTReady Gold Corporate Actions accreditation. This is the fourth consecutive year that CheckFree eVent has been awarded the SWIFTReady Gold accreditation. CheckFree eVent is a modular, workflow-driven solution that enables custodians, broker/dealers, investment firms, fund managers and third-party administrators to minimize corporate actions processing risk. CheckFree eVent is an ISO 15022 compliant solution featuring comprehensive data capture from multiple vendor sources, custodians, prime brokers and agent banks, rules- based scrubbing tools, a robust workflow management module and complete entitlement processing. Using client-defined queues and user views, tasks and exceptions are automatically routed to the appropriate designated parties for the required action. CheckFree eVent also offers the functionality to manage client event notifications and election responses through both its ISO module and web-based component. Using these tools, instructions are automatically captured and updated to the back-end systems for reconciliation and entitlement processing. All external communications can be implemented and streamlined using the SWIFT ISO 15022 message suite for corporate actions to ensure high straight-through processing (STP) rates are achieved. Herve Valentin, Partner Solutions Manager at SWIFT, said, "We are pleased to award CheckFree with the 2007 SWIFTReady Gold Corporate Actions Label for the fourth successive year to their flagship software solution, CheckFree eVent. This achievement demonstrates CheckFree's ongoing contribution to the industry of developing solutions that conform to SWIFT standards as well as the best practices set by the Securities Market Practice Group (SMPG), improving corporate actions processing efficiency for the benefit of financial institutions worldwide." "We are honored that SWIFT has granted CheckFree with the 2007 SWIFTReady Gold corporate actions certification," said Gary Mercer, vice president, global product development for CheckFree Software. CheckFree remains at the forefront of delivering reliable and proven solutions to meet the ever- changing demands of financial institutions around the globe. In addition to our ongoing efforts to enhance the technology behind the CheckFree eVent software, our support of SWIFT ISO message formats and functionality allows our clients to attain the highest levels of straight-through processing. This accreditation validates our strong commitment to mitigating the risks and costs associated with corporate actions processing." CheckFree also successfully participated in the SWIFTNet Testing and Certification Service Proof of Concept (POC) project for ISO 15022 corporate actions messages. The project tested the validity of ISO 15022 corporate actions notification messages, submitted by CheckFree eVent against the recently published guidelines by the Securities Market Practice Group (SMPG). The 2007 SWIFTReady Gold Corporate Actions Label for CheckFree eVent is evidence of the company's unique Applied Operational Intelligence SM approach to driving profitability and performance for its clients. The Applied Operational Intelligence approach channels valuable business intelligence back to the business through CheckFree's innovative solutions, industry expertise, collaborative working relationship approach, and core competencies of reconciliation, exception management, transaction process management, corporate actions processing, payments processing, risk management and compliance. CheckFree's financial messaging technology, CheckFree Message Broker(TM), part of the CheckFree eVent solution, utilizes core integration and rules processing designed to allow organisations to connect multiple systems seamlessly. This gives clients the ability to handle many different interfacing requirements and CheckFree Message Broker(TM)is recognised as a proven top class technology in many different financial services firms. About CheckFree eVent(TM) 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 helps ensure 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 Gold Corporate Actions accredited, CheckFree eVent is built on the same financial messaging platform as the CheckFree TradeFlow(TM) solution, which has been SWIFTReady Gold Financial EAI for nine consecutive years. CheckFree eVent also achieved the 2006 B.I.S.S. Gold Accreditation for Corporate Actions Systems for four consecutive years. This designation, along with the SWIFTReady Gold accreditation for Corporate Actions for four consecutive years, further demonstrates CheckFree's strong commitment to technology leadership in the corporate actions space. For more information about CheckFree eVent(TM) and other products visit http://www.checkfreesoftware.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 $1.8 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), Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 2007), and Form 10-Q for the quarter ended March 31, 2007 (filed May 10, 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/ http://www.checkfreesoftware.com/

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