CKFR Checkfree Corp (MM)

Complete real-time solution designed to increase efficiency and customer service capabilities ATLANTA, Aug. 23 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that Zions Bancorporation (NASDAQ:ZION) has selected the CheckFree(R) PEP+ Platinum package as their choice for origination and receipt of electronic payments through the Automated Clearing House (ACH). Ranked among the top 40 banks in the United States that originate and receive ACH transactions, Zions Bancorporation will deploy the CheckFree solution to help manage increasing transaction volumes. "As one of the largest originators of ACH transactions in the U.S., Zions Bancorporation requires a solution designed to enable them to continue to operate effectively and optimize excellent ACH services through their affiliate banks," said Bert Harkins, vice president, global strategic marketing, for CheckFree Software. "We are pleased to be able to work closely with Zions to deliver the right solutions for their customers." CheckFree PEP+, together with its comprehensive suite of add-on modules, provides a complete solution to quickly and efficiently originate and receive payments through the ACH, improve ACH operating effectiveness and potentially decrease costs. The CheckFree PEP+ Platinum suite includes the PEP+ Risk Compliance Package, PEP+ Exchange, and PEP+ CommonView modules. CheckFree's Applied Operational Intelligence(SM) approach helps clients drive profitability and performance by combining innovative software, proven expertise and business intelligence. This approach is built on CheckFree's core competencies of payments processing and consulting, reconciliation and exception management, fraud and risk management, cash and logistics management and compliance software and services. The Applied Operational Intelligence approach is expressly designed to manage risk and efficiency, while leveraging business intelligence to achieve measurable return on investment. Zions Bancorporation (http://www.zionsbancorporation.com/) Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks, including Amegy Bank of Texas, in select high growth markets. Zions operates its banking businesses under local management teams and community identities through over 500 offices and approximately 600 ATMs in 10 Western and Southwestern states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. The company is a national leader in Small Business Administration lending and public finance advisory services. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to subsidiary banks can be accessed at http://www.zionsbancorporation.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 financial services providers to offer the convenience of online banking, and along with 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 software applications that are used by financial institutions to process more than two- thirds of the nearly 14 billion Automated Clearing House transactions in the United States. The division also provides financial institutions and other organizations with payment processing and consulting, reconciliation and exception management, fraud and risk management, cash and logistics management, and compliance software and services. 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, Judy DeRango Wicks, +1-678-375-1595, , or Investors, Tina Moore, +1-678-375-1278, , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.zionsbancorporation.com/

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