CKFR Checkfree Corp (MM)

Accurate NXG Deployed To Manage Cash Reconciliations for Gold Group International's Growing Network of Retail Stores and Over 7,500 Ann Summers Party Planners ATLANTA and LONDON, June 13 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that Gold Group International (GGI), best known as the parent company of the fashion retailer Ann Summers, is live with CheckFree's Accurate NXG(TM) the company's Operational Risk Management solution. The solution has been implemented throughout the GGI's United Kingdom portfolio of Ann Summers stores to automate the reconciliation and exception management of its retail cash transactions. CheckFree's Accurate NXG is giving GGI greater control over its banking processes, and improving enterprise-wide efficiency across all sales channels to meet both current and anticipated operational needs and growth projections. Greg Van Meer, Finance Executive at GGI, said, "CheckFree's dedicated professional services team ensured we had a very smooth transition on to the Accurate NXG platform. This has delivered the scalability and business solution we required to enable our organisation to continue its significant business growth. The application has freed up existing staff, allowing them to concentrate on value-added analysis, reducing risk and helping us monitor store performance more effectively. We are now looking to expand the use of Accurate NXG to our party plan operations as well." The solution was deployed in GGI's Surrey headquarters, replacing existing semi-automated reconciliation, investigation and posting procedures and integrating with GGI's general ledger application, Oracle Financials. The CheckFree solution helps GGI manage and analyse the frequency and completeness of the banking process across GGI's network of United Kingdom retail stores and its full range of accepted payments and order types. With significant growth in transactions driven by the rise of Internet shopping, mail orders and sales through Ann Summers' growing network of more than 7,500 self- employed party planners, GGI's gross annual turnover stands at over 140 million pounds Sterling. CheckFree's single, enterprise-wide control framework will provide the scalability required and ensure data integrity and efficiency across the sales channels, thereby reducing potential risk throughout the organisation. Peter Jameson, Business Development Manager, Gaming and Leisure, at CheckFree Software said, "GGI is a valued customer, with complex transaction needs, that we are proud to add to our retail client list. A highly scalable, enterprise-wide control framework will help GGI to reduce risk across the business. We look forward to continuing to enhance the operational risk management architecture with the firm as it looks towards future growth." With the CheckFree solution, GGI will improve the investigation and resolution of transaction errors, and ultimately reduce the incidence of errors in the future. Accurate NXG is optimised for reconciliation processing, through multiple match rules, as well as advanced data repair and enrichment capabilities. The solution is enhanced by a business intelligence Dashboard that delivers visibility both at a detailed and aggregate level -- through reporting, analysis and solid metrics -- that will continually alert GGI senior management to critical areas of potential loss. About Gold Group International (http://www.ggi.co.uk/) Gold Group International (GGI) is one of the most profitable private businesses in the UK, owned by the dynamic Gold Brothers, David and Ralph Gold. GGI's headquarters are located in Surrey in a new purpose built 12 million pounds business complex with integrated warehousing, offices and production areas, with over 1000 members of staff. Business interests range from lingerie to publishing, print production, executive jet charter, 39% interest in football club Birmingham City and 50% interest in Sport Newspapers. Gross turnover exceeds �140 million. 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 their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage about $1.3 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 12 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 organizations across the globe. 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, 2005 (filed September 2, 2005), Form 10-Q for the quarter ended September 30, 2005 (filed November 8, 2005), Form 10-Q for the quarter ended December 31, 2005 (filed February 8, 2006), and Form 10-Q for the quarter ended March 31, 2006 (filed May 9, 2006). 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 Investor relations, Tina Moore, +1-678-375-1278, both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.ggi.co.uk/

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