CKFR Checkfree Corp (MM)

CheckFree Financial Messaging Selected by UBS Global Asset Management -- TradeFlow TPM Solution to Serve as Global STP Hub -- ATLANTA AND LONDON, April 14 /PRNewswire-FirstCall/ -- CheckFree Financial and Compliance Solutions (CFACS), a business unit of CheckFree Corporation , today announced that it has begun implementation of TradeFlow TPM at UBS Global Asset Management (AM), one of the world's leading asset management organizations. TradeFlow TPM, a leading edge messaging, workflow and exception management solution, is to be the hub of UBS Global Asset Management's new global trade confirmation system, the first phase of which is scheduled to go live in London this summer. TradeFlow TPM was a product of HelioGraph Ltd., a company that was acquired by CheckFree in November 2003. The London operation will spearhead the project in the design phase, before rolling it out to other asset management locations, including Zurich, Chicago, Singapore, Sydney, and Tokyo. TradeFlow TPM is the backbone of the new system, providing borderless trade confirmation and exception management workflow. UBS Global AM offices will be able to access TradeFlow TPM for "single window" data monitoring capability that will enable fund managers and brokers to access real-time, enriched trade information regardless of geography or time zones. The solution will also provide UBS Global AM with a new level of business process control for performance measurement of brokers. TradeFlow TPM was chosen after an extremely rigorous selection process based on several major criteria. "We liked TradeFlow TPM's ease of deployment and the fact it supports new services such as FIX 4.4 and OMGEO CTM, while providing sufficient flexibility for UBS Global AM to adopt future standards - - a vital consideration given the scope of the project," explains Richard Flack, Project Sponsor, UBS Global Asset Management. TradeFlow TPM can deliver increased operational efficiencies, reduced risk, improved trade settlement speeds and provide in-house and third party users with better access to decision-making information. UBS Global AM was also looking for a supplier that could not only deliver a proven STP platform on a global scale, but also understood their specific business needs. "CheckFree has a breadth of expertise in our industry, a mature client base and a track record of successful implementations. CheckFree also has the global presence and corporate reliability to provide support on a worldwide basis," said Flack. "UBS Global Asset Management has one of the most comprehensive and sophisticated buy-side operations in the world," says Mark Zill, senior vice president and managing director of CFACS. "Our rich domain expertise in cross- border settlement uniquely positions us to provide a rapidly deployable solution backed by a global presence." About UBS Global Asset Management ( http://www.ubs.com/e/globalam ) UBS is one of the world's leading financial firms, combining financial strength with a reputation for innovation and a global culture that embraces change. UBS has $1,782 billion in invested assets among its diverse global businesses, which range from wealth management to investment banking. It is also a leading institutional asset manager and mutual fund provider, with $463 billion of assets under management, and offers a broad range of asset management services and products for institutional clients and intermediaries across the world. About CheckFree ( http://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 organizations, 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 financial institutions nationwide. The division's clients manage more than 1.4 million portfolios totaling more than $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 compliance software and services to more than 600 organizations 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 services for 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 risks inherent 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. DATASOURCE: CheckFree Corporation CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, or , or Investor relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.ubs.com/e/globalam Company News On-Call: http://www.prnewswire.com/comp/821650.html

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