CKFR Checkfree Corp (MM)

CheckFree TradeFlow enables block-level buy-side institutions to successfully migrate to central matching before 2008 migration deadline ATLANTA and LONDON, Sept. 19 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) announced today that its CheckFree TradeFlow solution can enable block-level buy-side firms to comply with the rapidly approaching Omgeo Central Trade Manager (CTM) central matching deadline of April 2008. The mandatory deadline was announced in May of 2007 and has resulted in an urgency across the industry to plan ahead for this migration. CheckFree TradeFlow(TM), CheckFree's post-trade transaction process management solution, has an existing community of clients that connect today to Omgeo's CTM via CheckFree TradeFlow. In 2002, CheckFree was the first supplier to gain the Omgeo-certified STP partner interface accreditation for Omgeo CTM. By selecting CheckFree TradeFlow, clients have been able to reduce the business continuity and implementation risks typically associated with such key migrations. Firms that do not plan ahead for the Omgeo migration deadline will be forced to process trades manually, less cost-effectively, and with a higher level of business risk. Organizations using CheckFree TradeFlow today are already experiencing functional parity to previously implemented local matching models. New users to the CheckFree TradeFlow system can benefit from having all trades across multiple asset classes consolidated into, and managed from, a single application for trade management and exceptions processing. "CheckFree has worked with Omgeo for many years and CheckFree TradeFlow already provides the same functionality within both its CTM and local matching solutions. In fact, CheckFree has already moved the sophisticated settlement enrichment processing from our local match solution into our Omgeo CTM workflow to support the migration," said Geoff Harries, director of securities product management, CheckFree. "The move to Omgeo CTM is mandatory by April 2008, and clients are implementing CheckFree TradeFlow as a tactical solution in their long-term strategic approach to post-trade processing. CheckFree TradeFlow provides firms with a consolidated view and management of all trades, regardless of instrument class or where they are matched, centrally or locally." CheckFree TradeFlow is a sophisticated multi-asset transaction process management solution incorporating workflow, matching, exception management, messaging and connectivity, all designed to reduce the risk and cost associated with post-trade automation. CheckFree's approach to packaging integration, workflow and exceptions management can allows for rapid deployment to meet the migration deadline. About CheckFree TradeFlow The CheckFree TradeFlow solution can allow organizations to efficiently manage, monitor and measure the flow of securities and cash transactions across the enterprise and through counterparties and settlement agents, while minimizing operational risk and increasing operational efficiencies. For more information about CheckFree TradeFlow, visit http://www.checkfree.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 financial services providers to offer the convenience of online banking, and along with 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 $1.8 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 nearly 14 billion Automated Clearing House transactions in the United States. The division also provides financial institutions and other organizations with payment processing and consulting, reconciliation and exception management, fraud and risk management, cash and logistics management, and compliance software and services. 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, 2007 (filed August 24, 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 of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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