CKFR Checkfree Corp (MM)

CheckFree Signs Multi-Year Extension With Wells Fargo for Electronic Billing and Payment Processing Services ATLANTA, Sept. 14 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that it has signed a five-year contract extension with Wells Fargo & Company (NYSE:WFC) to continue as a provider of electronic billing and payment processing services. CheckFree has been processing electronic bill payments for Wells Fargo since 1996. In 2003, the Company began delivering CheckFree e-Bills(SM) from hundreds of billing organizations to Wells Fargo's online customers. "As a leading retail financial services company, Wells Fargo represents a significant relationship for CheckFree," said Steve Olsen, executive vice president and general manager of CheckFree's Electronic Commerce division. "We look forward to our continued partnership with the financial institution in delivering the convenience and control of electronic billing and payment services to more consumers, backed by our commitment to Sigma-level quality." Added Armand Abhari, senior vice president and head of Online Bill Pay at Wells Fargo, "Wells Fargo is delighted to work with CheckFree along with other key payment processors and providers of e-bills, such as Metavante and MasterCard RPPS. By working with multiple partners, today we are able to provide more e-bills to our customers than any other financial institution." 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 $900 billion 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 thousands 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). 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 relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/

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