CheckFree TradeFlow TPM Achieves SWIFTReady Gold for Financial EAI
March 09 2005 - 11:29AM
PR Newswire (US)
CheckFree TradeFlow TPM Achieves SWIFTReady Gold for Financial EAI
ATLANTA and LONDON, March 9 /PRNewswire-FirstCall/ -- CheckFree
Software, a business of CheckFree Corporation (NASDAQ:CKFR), today
announced that CheckFree TradeFlow TPM(TM) is among the first
products to be awarded SWIFTReady Gold accreditation for 2005 in
the category of Financial Enterprise Application Integration (EAI).
TradeFlow TPM, a market-leading trade confirmation and settlement
solution, also provides the technology platform for CheckFree
eVent(TM), CheckFree's SWIFTReady accredited product for corporate
actions automation. This is the sixth consecutive year that
TradeFlow TPM technology has been awarded SWIFTReady Gold status,
and is continued recognition of CheckFree's leadership in financial
messaging and straight-through processing (STP). The stringent
SWIFT testing process validates TradeFlow's flexibility, robust
performance and support for SWIFT standards - all of which are key
requirements for straight-through workflow across current and
future networking platforms such as SWIFTNet. Today, CheckFree's
combined products for reconciliation, financial messaging and
corporate actions are delivering the realization of end-to-end
transaction management capabilities to the global SWIFT community.
The scalability of TradeFlow's core integration engine is
illustrated by the performance enhancements it achieved in the
latest release, which shows up to a 43 percent increase in
throughput for a series of normalised real-world benchmarks. "We
appreciate the ability CheckFree has demonstrated in quickly
delivering advanced SWIFT ready technology to our clients that
enable enterprise integration and customer value creation," says
Olivier Roucloux, EAI Industry Analyst at SWIFT. "We look forward
to exploring new opportunities together with CheckFree and are very
pleased to award the SWIFTReady Financial EAI Gold label 2005 for
their TradeFlow product." "The endorsement of an industry leader of
SWIFT's calibre recognizes CheckFree's ongoing commitment to
customer-driven research and software development over a number of
years. The accreditation is a powerful confirmation of the ability
of our integrated product family to provide workflow capabilities
across the SWIFT community," said Randy McCoy, executive vice
president and general manager of CheckFree Software. Editors Note:
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 their customers
the convenience of receiving and paying their household bills
online or in person through retail outlets. CheckFree Investment
Services provides a broad range of investment management solutions
and outsourced services to thousands of financial services
organizations, which manage more than $1 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 10 billion Automated Clearing House
transactions in the United States. The division also provides
global trade processing, reconciliation, financial messaging,
compliance and electronic billing and statement software to
hundreds of organizations across the globe. 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, 2004 (filed September 3, 2004), Form 10-Q
for the quarter ended September 30, 2004 (filed November 9, 2004)
and Form 10-Q for the quarter ended December 31, 2004 (filed
February 8, 2005). 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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