CKFR Checkfree Corp (MM)

CheckFree Expands in Asia Pacific With Two New Partners for Transaction Management Solution ATLANTA and LONDON, July 12 /PRNewswire-FirstCall/ -- CheckFree Software, a division of CheckFree Corporation (NASDAQ:CKFR), today announced the signing of expanded business partner relationships with the Singapore-based division of Decillion, an international banking IT supplier and SWIFT specialist, and C&H Technology Corporation, one of Taiwan's foremost systems integrators. These new agreements extend CheckFree's international reach to bring CheckFree Software's RECON-Plus Frontier enterprise-wide reconciliation solution into banking back offices across the region from China and Taiwan to Australia. CheckFree RECON-Plus Frontier is a browser-based, real-time reconciliation solution that provides comprehensive, automated reconciliation workflow for banks, insurance firms, broker/dealers, government entities and corporations. When automated at the enterprise level and integrated with relevant legacy systems, the centralised design of RECON-Plus Frontier provides real-time decision-supporting data. It increases the speed and accuracy of the transaction settlement process while decreasing overhead, minimising risk and supporting evolving customer services. CheckFree is also the sole supplier of character-based language-enabled electronic billing and payment software in production today in Taiwan, via a pre-existing partnership with C&H Technology using CheckFree i-Series software. By broadening its use of the CheckFree Software product set, C&H Technology's strategy is to provide comprehensive solutions to online banks in Taiwan and China that integrate front-end electronic billing with back-office payment reconciliation systems. "CheckFree delivers solutions that are targeted to local cultures and languages, which reflects the company's experience in the international marketplace," said Tony Chen, president of C&H Technology. "CheckFree also has the ability to adapt to different business segments and technology requirements across the markets we serve." Decillion, which has offices across the Asia-Pacific region including Singapore, Indonesia, Malaysia and Australia, has in-depth knowledge of the regional banking industry. As an official business partner of SWIFT, Decillion services over 100 banks and financial institutions in Southeast Asia. The company already has a track record of success with CheckFree's SWIFTReady financial messaging solutions (previously from HelioGraph). With the addition of CheckFree's enterprise-enabled reconciliation technology, Decillion can provide a powerful combination of products that supports end-to- end transaction settlement across multiple business lines and geographies across the Asia-Pacific region. Thomas Lee, managing director of Decillion, comments: "CheckFree offers one of the most advanced sets of software solutions available to the banking industry, and its strong commitment to research and development ensures state- of-the-art readiness and continued competitive advantage." Sean Feeney, executive vice president and general manager, CheckFree Software, adds: "CheckFree has worked closely with both C&H Technology and Decillion for a number of years, and has found that each has the experience and market presence to help us further establish our next generation of reconciliation and financial services products in the Asia-Pacific region." About C&H Technology Corporation Chen & Hsieh Technology was established in 1995. As the leading systems integrator in Taiwan, C&H has a strong track record in the large scale integration of high volume billing statement production solutions, especially in financial services and the telecoms sectors. C&H customers are spread throughout many business sectors such as utilities, banking and securities, insurance, telecommunications, and government. In addition to systems integration, C&H works is a service provider in the high volume printing business with many customers generating huge volumes of bills and statements on a regular basis. C&H also specialises in helping customers leverage their data to develop new business models and new kinds of services. About Decillion Solutions ( http://www.decillion.com.sg/ ) Decillion Solutions is a leading I.T. company focusing on financial services Industry. Decillion is recognised as the official Business Partner and Service Partner of SWIFT for Southeast Asia and South Pacific Region with an impressive record of over 300 successful SWIFT Alliance installations as well as providing continued services to 100+ banks and financial institutions. In endeavouring to provide a "boutique" for financial institutions, Decillion also specialises in STP, SWIFT Service Bureau, Payment Systems, Trade Processing and other banking applications. About CheckFree ( http://www.checkfreecorp.com/ ) CheckFree (NASDAQ:CKFR) is a 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 March 31, 2004, more than 13 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 22.5 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 nearly 1.5 million portfolios totaling more than $900 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), Quarterly Report on Form 10-Q for the quarter ended September 30, 2003 (filed November 13, 2003), Quarterly Report on Form 10-Q for the quarter ended December 31, 2003 (filed February 12, 2004), and Quarterly Report on Form 10-Q for the quarter ended March 31, 2004 (filed May 14, 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, or +1-678-375-1278, or Web site: http://www.checkfreecorp.com/

Copyright