CheckFree TradeFlow TPM Achieves SWIFTReady Gold for EAI
March 15 2004 - 9:01AM
PR Newswire (US)
CheckFree TradeFlow TPM Achieves SWIFTReady Gold for EAI ATLANTA
and LONDON, March 15 /PRNewswire-FirstCall/ -- CheckFree Financial
and Compliance Solutions, a business unit of CheckFree Corporation
, today announced that CheckFree TradeFlow TPM hasbeen awarded
SWIFTReady Gold for 2004 in the category of EAI. The technology
behind TradeFlow TPM has been consistently awarded Gold status, the
highest accreditation achievable for Enterprise Application
Integration, for five consecutive years. The criteria for the
accreditation are stricter every year, with new requirements that
address transaction status monitoring and increased message
validation parameters. The recent inclusion of Securities Market
Practice Group (SMPG) rules in TradeFlow TPM'svalidation processing
ensures that transactions meet local market settlement standards as
well as compliance with SWIFT semantic rules, even before trades
are sent out to the SWIFT network. TradeFlow TPM was formerly a
product of HelioGraph Ltd., a company CheckFree acquired in
November 2003. The integration and metadata components of TradeFlow
TPM are used throughout the CheckFree Financial and Compliance
Solutions product family, bringing the benefits of a robust
SWIFTReady Financial EAI solution to business domains such as
Reconciliation, Electronic Trade Confirmation and Settlement, and
Corporate Actions. The scalability of the core integration engine
is illustrated by the performance enhancements achieved in the
latest release -- showing a 22to 43 percent increase in throughput
for a series of normalized "real-world" benchmarks. "We appreciate
and recognize the enthusiasm and professionalism shown by CheckFree
to obtain the Financial EAI label for its TradeFlow TPM product in
2004," said Olivier Roucloux, EAI Market Analyst, SWIFT. "We look
forward to exploring new opportunities together with CheckFree to
make sure their application evolves toward a leading SWIFTNet
single-window integration system." "Third-party validation from
respected business partners such as SWIFT is extremely important to
CFACS," said Mark Zill, senior vice president and general manager
of CheckFree Financial and Compliance Solutions. "Having placed
considerable emphasis on product development and exceeding the
needs of our clients, we are pleased to have achieved SWIFTReady
Gold once again." About CheckFree ( http://www.checkfreecorp.com/ )
CheckFree (NASDAQ:CKFR) is the leading provider of financial
electronic commerce services and products. Founded in 1981 and
celebrating its 23rd year in e-commerce, CheckFree is comprised of
three divisions: Electronic Commerce, Software, and Investment
Services. CheckFree launched the first fully integrated electronic
billing and payment solution in 1997. In the quarter ended December
31, 2003, more than 12 million consumers initiated online payments
through services offered by CheckFree's Electronic Commerce
division. Electronic billing and payment is available through more
than a thousand financial services organizations, including banks,
brokerage firms, Internet portals and personal financial management
(PFM) software. At these sites, consumers are able to
electronically receive and pay essentially all the bills most
common to a U.S. household. CheckFree delivers 18.5 million e-bills
each quarter. CheckFree Investment Services provides a broad range
of investment management services to thousands of financial
institutions nationwide. The division's clients manage more than
1.4 million portfolios totaling more than $700 billion in assets.
CheckFree's Software division provides solutions through three
operating units: CheckFree ACH Solutions, CheckFree Financial and
Compliance Solutions (CFACS), and CheckFree i-Solutions. CheckFree
ACH Solutions provides software and services that are used to
process more than two-thirds of the nation's nine billion Automated
Clearing House payments, while CFACS provides reconciliation,
financial messaging, workflow and compliance software and services
to more than 600 organizations in the banking, brokerage,
investment management, insurance and credit card industries, among
others. CheckFree i-Solutions is the leading provider of e- billing
and e-statement software and services for both business-to-consumer
and business-to-business applications. 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, 2003 (filed September 15, 2003), and
Quarterly Report on Form 10-Q for the quarter ended September 30,
2003 (filed November 13, 2003) and Form 10-Q for the quarter ended
December 31, 2003 (filed February 12, 2004). 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 basedon
information presently available to management, and CheckFree
assumes no obligation to update any forward-looking statements.
DATASOURCE: CheckFree Corporation CONTACT: Media, Judy DeRango
Wicks, +1-678-375-1595, or , or Investors, Tina Moore,
+1-678-375-1278, or , both of CheckFree Corporation Web site:
http://www.checkfreecorp.com/ Company News On-Call:
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