CKFR Checkfree Corp (MM)

CheckFree TradeFlow TPM Achieves SWIFTReady Gold for EAI ATLANTA, Georgia and LONDON, March 15 /PRNewswire/ -- CheckFree Financial and Compliance Solutions, a business unit of CheckFree Corporation (Nasdaq: CKFR), today announced that CheckFree TradeFlow TPM has been awarded SWIFTReady Gold for 2004 in the category of EAI. The technology behind TradeFlow TPM has been consistently awarded Gold status, the highest accreditation achievable for Enterprise Application Integration, for five consecutive years. The criteria for the accreditation are stricter every year, with new requirements that address transaction status monitoring and increased message validation parameters. The recent inclusion of Securities Market Practice Group (SMPG) rules in TradeFlow TPM's validation processing ensures that transactions meet local market settlement standards as well as compliance with SWIFT semantic rules, even before trades are sent out to the SWIFT network. TradeFlow TPM was formerly a product of HelioGraph Ltd., a company CheckFree acquired in November 2003. The integration and metadata components of TradeFlow TPM are used throughout the CheckFree Financial and Compliance Solutions product family, bringing the benefits of a robust SWIFTReady Financial EAI solution to business domains such as Reconciliation, Electronic Trade Confirmation and Settlement, and Corporate Actions. The scalability of the core integration engine is illustrated by the performance enhancements achieved in the latest release - showing a 22 to 43 per cent increase in throughput for a series of normalised "real-world" benchmarks. "We appreciate and recognise the enthusiasm and professionalism shown by CheckFree to obtain the Financial EAI label for its TradeFlow TPM product in 2004," said Olivier Roucloux, EAI Market Analyst, SWIFT. "We look forward to exploring new opportunities together with CheckFree to make sure their application evolves toward a leading SWIFTNet single-window integration system." "Third-party validation from respected business partners such as SWIFT is extremely important to CFACS," said Mark Zill, senior vice president and general manager of CheckFree Financial and Compliance Solutions. "Having placed considerable emphasis on product development and exceeding the needs of our clients, we are pleased to have achieved SWIFTReady Gold once again." About CheckFree ( www.checkfreecorp.com ) CheckFree (Nasdaq: CKFR) is the leading provider of financial electronic commerce services and products. Founded in 1981 and celebrating its 23rd year in e-commerce, CheckFree is comprised of three divisions: Electronic Commerce, Software, and Investment Services. CheckFree launched the first fully integrated electronic billing and payment solution in 1997. In the quarter ended December 31, 2003, more than 12 million consumers initiated online payments through services offered by CheckFree's Electronic Commerce division. Electronic billing and payment is available through more than a thousand financial services organisations, including banks, brokerage firms, Internet portals and personal financial management (PFM) software. At these sites, consumers are able to electronically receive and pay essentially all the bills most common to a U.S. household. CheckFree delivers 18.5 million e-bills each quarter. CheckFree Investment Services provides a broad range of investment management services to thousands of financial institutions nationwide. The division's clients manage more than 1.4 million portfolios totalling more than US$700 billion in assets. CheckFree's Software division provides solutions through three operating units: CheckFree ACH Solutions, CheckFree Financial and Compliance Solutions (CFACS), and CheckFree i-Solutions. CheckFree ACH Solutions provides software and services that are used to process more than two-thirds of the nation's nine billion Automated Clearing House payments, while CFACS provides reconciliation, financial messaging, workflow and compliancesoftware and services to more than 600 organisations in the banking, brokerage, investment management, insurance and credit card industries, among others. CheckFree i-Solutions is the leading provider of e- billing and e-statement software and servicesfor both business-to-consumer and business-to-business applications. Certain of CheckFree'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 risksinherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2003 (filed September 15, 2003), and Quarterly Report on Form 10-Q for the quarter ended September 30, 2003 (filed November 13, 2003) and Form 10-Q for the quarter ended December 31, 2003 (filed February 12, 2004). One or more of these factors have affected, and could in the future affect CheckFree'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 CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward- looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements. Notes to Editors: Media contact for CheckFree in the UK, Elaine Graham, tel +1-00-44-1570-470706, or egcomms@aol.com Web site: http://www.checkfreecorp.com DATASOURCE: CheckFree Corporation Media, Judy DeRango Wicks, tel +1-678-375-1595, or jdwicks@checkfree.com, or Investors, Tina Moore, tel +1-678-375-1278, or tmoore@checkfree.com, both of CheckFree Corporation. FCMN Contact: aatemples@checkfree.com or Company News On-Call: http://www.prnewswire.com/comp/110744.html

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