CKFR Checkfree Corp (MM)

ATLANTA and LONDON, April 4 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that Daiwa Securities SMBC Europe Limited (Daiwa) has extended its use of CheckFree TradeFlow(TM), CheckFree's post-trade securities transaction process management solution. Daiwa began utilising CheckFree TradeFlow in 2004 to process trade confirmations for its regional operations centre in London. Under the new agreement, CheckFree will provide Daiwa with additional connectivity to support the TRAX2 network, the one-stop trade matching and regulatory reporting system for bonds, derivatives and equities developed by the International Capital Market Association (ICMA). ICMA is in the process of migrating existing members of TRAX to its new TRAX2 network and has set a deadline of September 2007 for the changeover. The CheckFree TradeFlow solution is designed to enable Daiwa to migrate to the new network before the deadline, thereby potentially reducing Daiwa's operational risk. TradeFlow's connectivity with TRAX2 will also assist Daiwa to more easily meet regulatory reporting requirements such as those set out by The Markets in Financial Instruments Directive (MiFID) for financial services firms across Europe. "CheckFree TradeFlow is proven technology that has become an integral part of Daiwa's infrastructure following our successful implementation of the platform for Oasys Global Direct connectivity," said Graeme Muirhead, managing director of the technology division at Daiwa Securities SMBC Europe. "CheckFree's integration and workflow technology will enable us to leverage our existing investment to build added value into our operations. We have appreciated CheckFree's considerable domain expertise and advice in working to help us deliver trade processing solutions to the business." "The move to TRAX2 is mandatory, and must happen by September 2007, and CheckFree can assist our clients to make that move," said Preston Hoffman, senior vice president and general manager of CheckFree Software's Securities business. "Often the cost of building an in-house solution to address connectivity issues is time and cost prohibitive. Through CheckFree TradeFlow, we offer our clients a low risk option to deliver this change, while assisting with their compliance with complex government regulations and industry standards, which are critical to maintaining business continuity." 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 reconciliation, exception management, transaction process management, corporate actions processing, payments processing, risk management and compliance. The Applied Operational Intelligence approach is expressly designed to help manage risk and efficiency, while leveraging business intelligence to achieve measurable return on investment. The CheckFree TradeFlow solution is designed to allow organisations to efficiently manage, monitor and measure the flow of securities and cash transactions across the enterprise and through counterparties and settlement agents, while minimising operational risk and increasing operational efficiencies. For more information about CheckFree TradeFlow, visit http://www.checkfreesoftware.com/. About Daiwa Securities SMBC Europe (http://www.daiwasmbc.co.uk/) Daiwa Securities SMBC Europe Limited is a wholly owned subsidiary of Daiwa Securities SMBC Co. Ltd., an investment banking joint venture 60% owned by Daiwa Securities Group Inc. and 40% by Sumitomo Mitsui Financial Group Inc. The company has been established in London since 1980. (It was formerly known as Daiwa Securities SB Capital Markets Europe Limited and also as Daiwa Europe Limited.) Its principal activities relate to the underwriting and managing of new issues, through to the trading and sales of secondary securities. It is regulated by the Financial Services Authority. Daiwa Securities SMBC Europe Limited offers a wide range of services from its main divisions: -- Equity -- Fixed Income -- Investment Banking 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 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 $1.7 trillion in assets. CheckFree Software develops, markets and supports payment processing solutions that are used by financial institutions to process more than two-thirds of the 14 billion Automated Clearing House transactions in the United States, and supports reconciliation, exception management, risk management, transaction process management, corporate actions processing, and compliance within thousands of organizations worldwide. 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) and Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 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 relations, Judy DeRango Wicks, +1-678-375-1595, ; or Investor relations, Tina Moore, +1-678-375-1278, , both for CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.checkfreesoftware.com/ http://www.daiwasmbc.co.uk/

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