CheckFree eVent Supports FT Interactive Data's ISO 15022 Corporate Actions Data Feed for Greater End-to-End Corporate Actions P
July 13 2006 - 10:30AM
PR Newswire (US)
-- Alliance enables firms to reduce complexity associated with
corporate actions processing -- ATLANTA and LONDON, July 13
/PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today
announced that CheckFree eVent(TM), the company's powerful
automation and workflow solution for corporate actions processing,
now offers an ISO 15022 compliant interface to FT Interactive
Data's corporate actions data feed. FT Interactive Data, an
Interactive Data business (NYSE:IDC), is a leading supplier of
financial information to global markets. The combination of FT
Interactive Data's ISO 15022 formatted corporate actions data with
CheckFree eVent enables greater end-to-end automation of corporate
actions processing. With the help of CheckFree eVent, users can
receive, process and share corporate actions data without the need
to convert to and from proprietary formats, a process that can be
time-consuming, processing- intensive and prone to error. Nat Sey,
manager of delivery and infrastructure at Interactive Data (Europe)
said, "A combination of CheckFree's and FT Interactive Data's
extensive expertise in SWIFT standards ensured a smooth test and,
through this alliance, customers will benefit from an anticipated
reduction in implementation timescales as well as further
enhancements to our corporate actions data services. CheckFree
eVent is an attractive offering for firms that want to capitalise
on the benefits offered by market data standards such as ISO
15022." Geoff Harries, director of STP product management at
CheckFree Software said, "CheckFree eVent's success is built upon
working with key partners to provide solid benefits to our client
base. The interface with FT Interactive Data further strengthens
our commitment to the ISO 15022 message format and provides our
clients with key enhancements which are designed to reduce the
potential risk and complexity of corporate actions processing."
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 helps automate the
electronic receipt of notifications and provide online management
facilities to direct the entire process from notification to
settlement. SWIFTReady Gold accredited, CheckFree eVent is built on
the same financial messaging 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/. FT Interactive Data, a provider
of corporate action event data for over 30 years, has a wealth of
experience in gathering, updating, validating and delivering
corporate actions data to financial institutions. Its comprehensive
corporate action information available in ISO 15022 format includes
rights issues, bonus issues, mergers and acquisitions, and
redemptions. FT Interactive Data recently achieved the CityCompass
Research B.I.S.S. Gold Accreditation for Data Services for the
second year running. About Interactive Data (
http://www.interactivedata.com/ ) Interactive Data Corporation
(NYSE:IDC) is a leading global provider of financial market data,
analytics and related services to financial institutions, active
traders and individual investors. The Company's businesses supply
time-sensitive pricing, evaluations, dividend, corporate action and
reference data for more than 3.5 million securities traded around
the world, including hard-to-value instruments. Many of the world's
best- known financial service and software companies subscribe to
the Company's services in support of their trading, analysis,
portfolio management and valuation activities. Through its
businesses, FT Interactive Data, ComStock, CMS BondEdge and
eSignal, Interactive Data has approximately 2,200 employees in
offices located throughout North America, Europe, Asia and
Australia, and is headquartered in Bedford, MA. Pearson plc
(NYSE:PSO)(LSE:PSON), an international media company, whose
businesses include the Financial Times Group, Pearson Education,
and the Penguin Group, owns approximately 62 percent of the
outstanding common stock of Interactive Data Corporation. FT
Interactive Data provides global securities pricing, evaluations,
dividend, corporate action and reference data designed to support
financial institutions' and investment funds' pricing activities,
securities operations, research and portfolio management. FT
Interactive Data collects, edits, maintains and delivers data on
more than 3.5 million securities, including daily evaluations for
approximately 2.5 million fixed income and international equity
issues. FT Interactive Data specialises in 'hard-to-value'
instruments and 'hard-to-get' information from emerging markets.
Evaluated pricing is provided in the U.S. through FT Interactive
Data Corporation and internationally through Interactive Data
(Europe) Ltd. and Interactive Data (Australia) Pty Ltd. For more
information, please visit: http://www.interactivedata.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 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 more than $1.2 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 ACH 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 , or Tina Moore,
+1-678-375-1278, or , both of CheckFree Corporation; or Sue
Mitchell of Interactive Data (Europe) Ltd., +44 (0) 20 7825 8076,
or Web site: http://www.checkfreecorp.com/
http://www.checkfreesoftware.com/ http://www.interactivedata.com/
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