CKFR Checkfree Corp (MM)

Integration of CheckFree eVent to Deliver Automated Corporate Actions Processing ATLANTA and JERSEY CITY, N.J., March 15 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced plans to embed CheckFree eVent(TM), a powerful automation and workflow solution with global coverage for corporate actions processing, into its next-generation EPL (Enhanced Portfolio Lifecycle) platform. By integrating CheckFree eVent into CheckFree EPLSM, CheckFree will empower its clients to automatically receive, validate and process corporate actions, from announcement through to entitlement posting, resulting in significant time and cost savings. CheckFree EPL is an advanced platform designed to meet the needs of the next generation of investors, from baby boomers to the emerging mass affluent. CheckFree EPL enables innovative solutions that will support the new trends in the marketplace, such as the UMH (Unified Managed Households), wealth management and overlay functionality. CheckFree EPL will advance the technology, workflows and services currently available through CheckFree APL, the market-leading Separately Managed Accounts platform that provides remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree EPL is browser-based and designed with Microsoft .NET technology to deliver superior business, operational and cost efficiencies to broker/dealer firms, banks, money managers and registered investment advisors. "As EPL continues to evolve into a global multi-transaction/multi-currency portfolio accounting solution, the incorporation of a proven, global corporate actions engine that offers complete out-of-the box functionality in an easy to use, scalable model is essential to the continued development and success of the platform," said Alex Marasco, executive vice president and general manager at CheckFree Investment Services. "By integrating CheckFree eVent into EPL, we will deliver a comprehensive corporate actions processing solution that will grow and expand with the market, providing our customers an effective means to conquer this complex processing area." By embedding CheckFree eVent as a key component of the EPL platform, CheckFree EPL is being designed to process corporate actions against holdings data for the more than 2 million accounts supported on the EPL platform. CheckFree EPL will also offer seamless straight through processing for mandatory and voluntary corporate actions. CheckFree eVent enables organizations to more efficiently validate specific corporate announcements and greatly reduce the potential risk that incorrect or conflicting announcement data could adversely affect subsequent operations, processes and business decisions downstream from that event. CheckFree eVent is the only solution to provide out-of-the-box packaged workflows for all 68 ISO corporate actions types. CheckFree EPL will offer improved web functionality and advanced efficiencies designed to reduce resource requirements of client firms and deliver lower total cost of operation. 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 about $1.3 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 12 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 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, 2005 (filed September 2, 2005), Form 10-Q for the quarter ended September 30, 2005 (filed November 8, 2005), and Form 10-Q for the quarter ended December 31, 2005 (filed February 8, 2006). 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, Judy DeRango Wicks, +1-678-375-1595, or , or Investor, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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