CheckFree eVent Interfaces with Fidelity ActionsXchange
June 20 2006 - 10:00AM
PR Newswire (US)
ATLANTA and LONDON, June 20 /PRNewswire-FirstCall/ -- CheckFree
Corporation (NASDAQ:CKFR) today announced that its CheckFree
eVent(TM) product, a powerful automation and workflow solution for
corporate actions processing, now offers an ISO 15022 compliant
interface to the Fidelity ActionsXchange(SM) corporate actions data
feed. CheckFree eVent empowers clients to automatically receive,
validate and process corporate actions, from announcement through
entitlement calculation to notification and instruction processing,
resulting in significant time and cost savings. ActionsXchange, a
Fidelity Capital company developed by Fidelity Investments, is a
premier provider of global corporate actions event information.
Fidelity ActionsXchange's ActionService product uses multiple
commercial data sources to provide accurate, consolidated and
client-specific corporate action records on more than 2.5 million
securities in the U.S. and overseas. The CheckFree eVent interface
helps make it possible for ActionsXchange's corporate action
information to be delivered to CheckFree clients using the
industry-standard ISO 15022 message format, enabling a complete
solution for end-to-end automation and operational risk mitigation.
Dave Birdsall, president at Fidelity ActionsXchange, said, "We are
committed to developing relationships with industry leaders such as
CheckFree that have extensive experience in SWIFT messaging and
share our mission of providing high-quality solutions. CheckFree
clients that implement this new format can capitalize on the
benefits offered by market standards such as ISO 15022 to better
manage risk and the complexity associated with corporate actions
processing." Geoff Harries, director of STP product management at
CheckFree Software said, "By working with premier providers such as
Fidelity, we are offering CheckFree eVent customers high-quality
pre-scrubbed data feeds to enhance the announcement capture
functionality delivered through our powerful automation and
workflow solution. Thus, we can continue to deliver on our
commitment to provide innovative solutions for complex problems
that meet the needs of our clients." With the help of CheckFree
eVent, organisations can receive, compare and validate corporate
actions data from multiple sources without manual intervention, a
process that can otherwise be time-consuming and prone to error.
The solution is designed to automate the electronic receipt of
notifications and provide online management facilities to direct
the entire process. CheckFree eVent brings valuable benefits for
fund managers, custodians and brokers involved in both domestic and
cross-border securities activity by providing more efficient
announcement validation. This can significantly reduce the inherent
risk of incorrect downstream processing associated with conflicting
announcement data. CheckFree eVent is SWIFTReady accredited, built
on the same financial platform as the SWIFTReady Gold accredited
CheckFree TradeFlow(TM) solution. More recently, CheckFree eVent
has achieved the CityCompass Research B.I.S.S. Gold Accreditation
for Corporate Actions Systems. This designation, along with the
SWIFT accreditation, further reflects CheckFree's commitment to
technology leadership in the corporate actions space. For more
information about CheckFree eVent, visit
http://www.checkfreesoftware.com/. About ActionsXchange
(http://www.actionsxchange.com/) ActionsXchange, a Fidelity Capital
company, is a premier provider of global corporate actions event
information. Developed for Fidelity Investments, it receives
corporate actions data from multiple sources and uses experienced
industry professionals to compare data, resolve conflicts and
augment information. ActionsXchange's products and services provide
over 30 Global Financial Organizations with the most timely,
accurate and comprehensive global corporate action information
available. Leveraging partnerships and integrating its product with
all of the major end-to-end securities providers, ActionsXchange is
able to enhance existing software packages and thereby provide a
complete solution to any organization's corporate action needs. For
additional information on ActionsXchange and our services, contact
Chris Madigan at (617) 563-5360 or visit our Web site at
http://www.actionsxchange.com/. About CheckFree
(http://www.checkfree.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 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, 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 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 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.checkfree.com/
http://www.checkfreesoftware.com/ http://www.actionsxchange.com/
Copyright
Checkfree Corp (MM) (NASDAQ:CKFR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Checkfree Corp (MM) (NASDAQ:CKFR)
Historical Stock Chart
From Oct 2023 to Oct 2024