CKFR Checkfree Corp (MM)

BNP Paribas Securities Services Introduces New CheckFree TradeFlow TPM Software to Enhance FX Transaction Processing LONDON, March 24 /PRNewswire-FirstCall/ -- BNP Paribas Securities Services is pleased to announce the successful implementation of CheckFree's TradeFlow TPM solution, a new straight through processing (STP) technology that automates the Foreign Exchange (FX) deal matching and settlement service offered to clients. Following the successful integration of Cogent, BNP Paribas Securities Services has continued to develop its capabilities to provide an efficient and effective service to clients. TradeFlow TPM was implemented at the end of 2003 and processes FX trades from initial instruction to settlement, interacting with brokers, counterparties and custodians, in markets across the world. TradeFlow TPM was a product of HelioGraph Ltd., a company that was acquired by CheckFree Corporation (NASDAQ:CKFR) in November 2003. This innovative new technology has strengthened BNP Paribas Securities Services' product offering in a number of ways: * Significantly increasing its capacity for handling volumes * Improving the ability to cope with daily fluctuations in volumes * Improving service delivery by decreasing error rates, as well as reducing operational risk. * Customising services for a broad range of client environments The clients of BNP Paribas Securities Services will benefit from this development as it will enable true end-to-end STP from the front-officethrough settlement, thereby significantly reducing the operating risk of their FX trading operations. Commenting on the benefits of this exciting new technology, Graham Foggin, Director of UK Operations at Henderson Global Investors, said: "The introduction of CheckFree software by BNP Paribas Securities Services is an important step in our strategy for full STP for FX processing. In the fund management industry, FX processing has historically lagged behind the securities area, which has enjoyed full automation and straight through processing for some years now. However, this project has more than closed the gap and we look forward to benefiting from the efficiencies and improved control which should result." "We are extremely pleased to have been chosen to provide the STP platform for such a large and diversified service environment, and look forward to partnering with BNP Paribas Securities Services as its securities strategy unfolds and the organisation's outsource service is deployed across other sites," noted Mark Zill, General Manager of CheckFree Financial & Compliance Solutions. Nick Kirk, head of BNP Paribas' UK investor services business, added: "Following the completion of our migration to the UK institutional platform for backoffice multi-asset and multi-currency processing, this implementation represents a further step forward in the development of our best-of-class outsourcing capabilities." Note to Editors: BNP Paribas Securities Services BNP Paribas Securities Services is a leading securities services provider to the world's financial institutions, with a local presence in all key European markets and Australasia. With 3,100 dedicated staff in 16 countries, BNP Paribas Securities Services has over 600 clients,including 8 of the world's top 10 investment managers, and a global custody network covering 70+ markets. It holds over Euro 2 trillion assets under custody (December 2003) and Euro 235 billion assets under administration for more than 3300 funds worldwide. In 2003, BNP Paribas Securities Services processed over 23 million transactions. CheckFree ( http://www.checkfreecorp.com/ ) TradeFlow TPM was a product of HelioGraph Ltd., a company that was acquired by CheckFree Corporation (NASDAQ:CKFR) in November 2003. 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: CheckFreeACH 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 based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements. DATASOURCE: CheckFree Corporation CONTACT: Celeste Matta-Brown, 00-44-(0)-207-595-4653, or Edwina Frawley, 00-44-(0)-207-595-2215, both of BNP Paribas Securities Services Corporate Communications; or media, Elaine Graham, 00-44-(0)-1570-470-706, or Judy DeRango Wicks, +1-678-375-1595, or , or investors, Tina Moore, +1-678-375-1278, or , all of CheckFree Corporation Web site: http://www.checkfreecorp.com/ Company News On-Call: http://www.prnewswire.com/comp/821650.html

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