CKFR Checkfree Corp (MM)

Newest Version of CheckFree eVent Corporate Actions Solution Achieves SWIFT Accreditation ATLANTA and LONDON, June 23 /PRNewswire-FirstCall/ -- CheckFree Software, a division of CheckFree Corporation (NASDAQ:CKFR), today announced that it has been awarded the SWIFTReady Corporate Actions accreditation for CheckFree eVent v.2 solution. CheckFree eVent enables custodians, asset managers, brokers and other organizations involved in corporate actions to process all 67 Corporate Action types, including rights issues, stock splits and dividends, currently supported by ISO15022 via SWIFT and other vendor feeds, to achieve the highest levels of STP automation. CheckFree is one of the first to achieve the SWIFT Corporate Actions accreditation, and has already received SWIFT accreditations for CheckFree MessageBroker, the company's defacto standard financial messaging software, and CheckFree TradeFlow, its market-leading trade processing solution. With eVent v.2, CheckFree brings to market a single integrated technology platform, thorough pre-testing and a customer-focused application -- all backed by an established, financially secure supplier with a commitment to ongoing research and development. In an increasingly regulatory-driven securities industry, CheckFree's corporate actions approach delivers risk management benefits and strengths that the SWIFT CA accreditation has confirmed. "This is the second year in which SWIFT has offered application vendors the opportunity to apply for the Corporate Actions label. Our customers can be completely confident that any vendor who qualifies for this label has demonstrated correct usage of the ISO15022 corporate action messages, as well as adherence to Global Market Practice guidelines and SWIFT connectivity. The SWIFT labelling of Corporate Action products has been an elusive target for many vendors and it is to CheckFree's credit that their eVent product has achieved this distinction for 2004," said Catherine Marks, SWIFT Securities Markets. Amery Thomas, senior vice president of International Operations for CheckFree Software, adds: "From the outset, eVent was designed with the ISO15022 standards in mind because we recognized it was a key enabler and catalyst for automation within the Corporate Actions industry. The SWIFT label is confirmation that our approach was right, both for now and the future, and it's gratifying to be recognized by an industry leader of SWIFT's calibre." CheckFree eVent v.2 is based on the same technology that underpins CheckFree TradeFlow and is a mature application that provides full end-to-end processing for the corporate actions environment. eVent is an 'out-of-the- box' set of pre-configured, function-rich corporate action tools for the front, middle and back office. The solution includes all mandatory and voluntary workflow templates, ISO-based validation templates, notification templates, including SWIFT, fax, and email, and all entitlement calculation templates. eVent provides an easily integrated, single application workflow environment that normalises business processes and can be installed in weeks, which can reduce or eliminate costly and time-consuming professional services. The result is vastly improved service, operational efficiency and a potential reduction in the risk usually associated with protracted system deployment. Achieving SWIFTReady recognition is an endorsement of CheckFree's technology leadership in Corporate Action automation. As Paul FitzGerald, eVent product manager, CheckFree, explains: "eVent v.2 is the result of extensive research and development over the past three years and represents a quantum leap over the earlier version. One of the major differentiators of the new eVent solution is its high degree of workflow pre-configuration. We do not just provide a generic Corporate Action solution that must then be configured onsite. Our approach is to deliver a robust end- to-end solution that is already customized and has been thoroughly pre-tested. In addition, key business scenarios and expected results have been extensively documented and all aspects of a corporate action's life-cycle have been pre- proven representing many man-years of testing." eVent's corporate users are assured that before taking delivery, all system templates have undergone pre- testing of over 950 user-specified test cases for all workflow scenarios for the 67 ISO CA templates. About CheckFree ( http://www.checkfreecorp.com/ ) CheckFree (NASDAQ:CKFR) is a 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 March 31, 2004, more than 13 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 22.5 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 nearly 1.5 million portfolios totaling more than $900 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), Quarterly Report on Form 10-Q for the quarter ended September 30, 2003 (filed November 13, 2003), Quarterly Report on Form 10-Q for the quarter ended December 31, 2003 (filed February 12, 2004), and Quarterly Report on Form 10-Q for the quarter ended March 31, 2004 (filed May 14, 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: Media relations, Judy DeRango Wicks, +1-678-375-1595, or , or Investor relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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