CKFR Checkfree Corp (MM)

DALLAS and ATLANTA, Aug. 13 /PRNewswire/ -- BancTec Inc., a global provider of advanced, high volume image capture, payment processing, and infrastructure support solutions, announced today that it has integrated CheckFree's Source Capture Suite(TM)/Web Capture solution into its PayCourier(R) payment processing solution under the terms of an original equipment manufacturer (OEM) agreement. Combining the two solutions can enable PayCourier customers to accept payments at a business location such as corporate office, then send them electronically to their bank's centralized lockbox processing center. This feature can eliminate the need to re-mail payments to the processing center, resulting in reduced customer costs and accelerated processing. "We are committed to providing extended payment processing capabilities to our customers, and the CheckFree Web Capture solution allows us to achieve that objective in a very fast and efficient manner," said Simon Fisher, vice president Global Product Services for BancTec. "Careful evaluation demonstrated that CheckFree's Web Capture has the security, ease-of-deployment, robustness and scalability necessary to merge seamlessly into our service oriented strategy for developing and deploying payment and document solutions." CheckFree's Web Capture is a solution for businesses that would typically capture any number of items a day. It is an easy-to-use, browser-based solution offering check image capture and processing and requiring minimal software at the client site. A key benefit of adding Web Capture to BancTec's payment processing solution is enabling end customers to capture payments over-the-counter, thus complementing their primary, high-speed capture operations. The new function can also capture exceptions and can handle "unclean" payments, ensuring that operations are streamlined and fully optimized to include workflows such as single, multiple, check and list and document capture. To ensure that images are eligible for Check 21, a fully integrated image quality control module is included within the solution. Another core feature available in the complex payment options includes the ability to capture full pages using either a personal desktop scanner or a flow mode combo scanner, thus enabling branch personnel to key and correct information not properly read by the scanner. "CheckFree's service-oriented solution was a great match to quickly and seamlessly integrate with BancTec's premier offering, which can significantly increase the value to BancTec's PayCourier corporate customers," said Mike Ringuette, general manager of Payments Solutions for CheckFree Software. "We are pleased that BancTec has selected our solutions to help their customers process transactions faster and reduce their costs." "We believe this partnership with CheckFree provides the perfect complement to our payment processing and document capture solutions, such as the industry-leading IntelliScan(R) XDS," said Mark Fairchild, senior vice president of technology and portfolio management for BancTec. "As we work with CheckFree we look forward to investigating other ways to improve our offerings." About BancTec BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec's offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in Dallas, BancTec is privately owned and serves clients in 50 countries. For more information on how BancTec can help you optimize information management, visit http://www.banctec.com/ or call 1-800-BANCTEC 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 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 the integration of CheckFree's solution with BancTec's offering. 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, 2006 (filed September 8, 2006); Quarterly Report on Form 10-Q for the quarter ended September 30, 2006 (filed November 8, 2006); Quarterly Report on Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 2007); and Quarterly Report on 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 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: BancTec Inc. CONTACT: Chuck Corbin of BancTec Inc., +1-972-821-4970, ; or Scott Scredon of CheckFree Corporation, +1-678-375-3752, Web site: http://www.banctec.com/ http://www.checkfreecorp.com/

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