CKFR Checkfree Corp (MM)

Thin-Client Module Will Enable Reconciliation, Workflow, Reporting Functions While Reducing Cost, Deployment Time for Customers ATLANTA and LONDON, July 24 /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced the availability of Accurate NXG(TM) version 2.12, the latest release of its leading reconciliation and exception management solution. Through a rich, thin-client web browser interface, ease of deployment and increased functionality - such as an additional 160 reconciliation data fields - the latest release provides new enhancements for financial services clients of CheckFree and their customers. Deploying the applications through a web browser will reduce the cost and time involved in distributing the solution to large numbers of users or user communities that are geographically dispersed. More companies can now take full advantage of the breadth of Accurate NXG's functions - Reconciliation, Workflow, Reporting and Report Store - through a rich thin-client web browser interface. The new release also has increased scalability to support companies with large numbers of reconciliations, high data volumes or numbers of users. CheckFree testing found that performance of a typical batch processing schedule shows improvements of approximately 30 percent over the previous release, and end user activities achieve results more than 40 percent faster. Results may vary based on individual client environments. "The ability to take advantage of CheckFree Accurate NXG functionality via the web, the increase in reconciliation data matching fields and the ease of deployment - clients do not have to perform any installation - makes Accurate NXG 2.12 the right solution for customers that want greater control over their reconciliations," said Mark Cappell, senior vice president and general director, reconciliation and exception management, CheckFree Software. "This new version reinforces our commitment to provide the best installed reconciliation solution in the world, which is central to CheckFree's Applied Operational Intelligence(SM) approach to doing business." Accurate NXG version 2.12 version also completes the re-architecture of the thin-client modules into a more scalable Java-based architecture. Built upon enterprise-strength Java J2EE application servers, the Java based architecture is now used across all thin-client modules, including the Reconciliation, Workflow, Reporting, Report Store and Maintenance modules, and forms a baseline for future functionality and performance. "Accurate NXG version 2.12 uses innovative Web 2.0 technology, coupled with the new Java-based architecture to deliver a rewarding user experience on the web platform," commented Andy Mellor, product manager, reconciliation and exception management, CheckFree Software. "The Web 2.0 features result in a highly rich thin-client application, supporting collaboration among users both within and beyond the organization." CheckFree's Applied Operational Intelligence(SM) approach helps clients drive profitability and performance by combining innovative software, proven expertise and business intelligence, competencies of reconciliation, exception management, transaction process management, corporate actions processing, payments processing, risk management and compliance. The Applied Operational Intelligence approach is expressly designed to manage risk and efficiency, while leveraging business intelligence to achieve measurable return on investment. CheckFree reconciliation and exception management solutions are deployed across a global customer base, including some of the largest domestic and international banks, custodians, brokers, asset managers and retailers. For more information about Accurate NXG, visit http://www.checkfreesoftware.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 thousands of financial services providers and 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 payment processing solutions that are used by financial institutions to process more than two-thirds of the 14 billion Automated Clearing House transactions in the United States, and supports reconciliation, exception management, risk management, transaction process management, corporate actions processing, and compliance within thousands of organizations worldwide. 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 (paragraph 1). Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company's business, its ability to successfully integrate acquired companies 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, 2006 (filed September 8, 2006), Form 10-Q for the quarter ended September 30, 2006 (filed November 8, 2006), Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 2007) and Form 10-Q for the quarter ended March 31, 2007 (filed May 10, 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, Judy DeRango Wicks, +1-678-375-1595, , or Investors, Tina Moore, +1-678-375-1278, , both of CheckFree Corporation Web site: http://www.checkfreecorp.com/ http://www.checkfreesoftware.com/

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