-- B.I.S.S. benchmark recognises investment in CheckFree eVent(tm) --
Atlanta/London (November 21, 2005) - CheckFree Corporation (Nasdaq: CKFR) today announced that it has achieved the B.I.S.S. 2005 Gold Accreditation for Corporate Actions Systems and recognition for the CheckFree eVent(tm) solution as the most improved system in the market.
Gary Wright, managing director of CityCompass Research, the leading independent Research Company specialising in the financial services sector and creator of the unique business benchmarking concept, said "CheckFree has been a consistent performer over the last three years of the B.I.S.S. Corporate Actions benchmarking and it is clear that the company has devoted considerable resources into their system over the last year. Judging by the scores set by the user panel, we believe CheckFree's corporate actions solution delivers a very competitive system that offers compelling value to the market."
In September this year, CheckFree announced it has also been awarded the SWIFTReady corporate actions label for CheckFree eVent, the company's best-in-class automated workflow solution for corporate actions. The designation, along with the B.I.S.S. accreditation, further reflects CheckFree's commitment to technology leadership in the corporate actions space.
CheckFree is also working with leading data feeds providers and recently announced its link up with Telekurs Financial's reference and corporate actions Valordata Feed (VDF) in ISO 15022 format, supporting the latest enhancements to the Telekurs Financial VDF ISO 15022 service. CheckFree eVent will give Telekurs' data users a powerful new automation and workflow environment for corporate actions processing.
Randy McCoy, executive vice president and general manager of CheckFree Software said, "The new accreditation validates our strong commitment to mitigating the risk and minimising the complexity associated with corporate actions processing. We believe CheckFree eVent is the only product of its kind to offer end-to-end lifecycle management for corporate actions, and are driven to deliver outstanding benefits to our global client base."
CheckFree eVent customers are able to quickly achieve automated corporate action processing, with workflow and exception management pre-configured to business best-practice scenarios. The platform can be easily configured and supports all major industry standards as well as proprietary data formats.