Cash and Securities Reconciliation Solution Achieves Award for Eighth
Consecutive Year
ATLANTA, and BOSTON, Oct. 2 /PRNewswire-FirstCall/- Sibos Booth F43 -
CheckFree Corporation (Nasdaq: CKFR) today announced that the Accurate
NXG(TM) reconciliation and exception management solution has been awarded
the SWIFTReady Gold label for Cash and Securities Reconciliation for the
eighth consecutive year. SWIFTReady Gold is the highest level of
certification awarded by SWIFT.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT)
is the financial industry-owned co-operative, supplying secure,
standardized messaging services and interface software to over 8,100
financial institutions in 208 countries.
"CheckFree has once again demonstrated continued investment in its
solutions, ensuring that they have the quality and adaptability to meet our
increasingly stringent criteria," said Juanita Maes, business development
manager, Partner Solutions at SWIFT. "Each vendor's technology is judged on
its ability to provide automation and support of SWIFT standards and Market
Practice."
Accurate NXG enables CheckFree's clients to identify, assess and
mitigate operational risk and improve process monitoring through the
automation and streamlining of their reconciliation and exception
management processes.
"We are honored that SWIFT has granted CheckFree its highest levels of
certification," said Mark Cappell, senior vice president and general
manager, reconciliation and exception management for CheckFree. "By
consistently investing in each of our solutions, CheckFree continues to
meet the constantly changing requirements of both our clients and the
global financial services industry. Our SWIFT-accredited solutions
exemplify CheckFree's Applied Operational Intelligence(SM) approach, which
provides our customers with a competitive advantage by driving performance
and profitability, reducing operational costs and errors and potentially
improving risk management capabilities."
CheckFree's Applied Operational Intelligence(SM) approach helps clients
drive profitability and performance by combining innovative software,
proven expertise and business intelligence. This approach is built on
CheckFree's core competencies of payments processing and consulting,
reconciliation and exception management, fraud and risk management, cash
and logistics management and compliance software and services. The Applied
Operational Intelligence(SM) approach is expressly designed to manage risk
and efficiency, while leveraging business intelligence to achieve
measurable return on investment.
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 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. Forward-looking statements
involve risks and uncertainties, including without limitation, the various
risks inherent in the Company's business, 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, 2007 (filed August 24, 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.
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