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Melanie Cousins
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CheckFree Delivers Advanced GIPS Performance Measurement with the Release of CheckFree CALiPER 3.0

ATLANTA/JERSEY CITY –(May 9, 2006) – CheckFree Corporation (Nasdaq: CKFR) today announced the availability of CheckFree CALiPERTM 3.0, a stand-alone performance calculation and reporting engine servicing the broker dealer and retail financial markets. CALiPER 3.0 allows investors to view and run calculations to measure the performance of their portfolios, while also providing advisors the ability to pull cumulative performance data on millions of accounts daily. Now ported to Oracle Database 10G to provide enhanced scalability, CALiPER 3.0 simplifies the complexity of supplying essential Global Investment Performance Standard (GIPS) return content directly to individual investors, asset managers and broker desktops, delivering superior speed and flexibility to calculate performance daily on millions of accounts. The CALiPER product was added to the CheckFree Investment Services product line when the company acquired Integrated Decision Systems (IDS) in September 2005.

CALiPER 3.0 rapidly analyzes massive volumes of data to quickly calculate and publish company-wide performance content directly to authorized users. Offering an improved Extract-Transform-Load (ETL) tool to enable faster data loads, CALiPER 3.0 enables users to import and automatically validate extremely high-volumes of security, account, transaction, benchmark and index data at exceptionally fast speeds.

The high-volume, high-throughput solution is scalable from 300,000 to millions of accounts and provides accurate GIPS compliant, Time Weighted (daily, monthly, combined) and Money Weighted (Internal Rate of Return) performance returns for accounts, households, and composites. CALiPER 3.0 offers an open architecture database for seamless integration with any third party report writer or publishing package, quickly and easily delivering performance reports to users throughout the organization and their clients.

“CheckFree CALiPER stands as the premier in-house performance reporting engine available to calculate millions of accounts in a nightly cycle,” said Alex Marasco, executive vice president and general manager at CheckFree Investment Services. “By providing complete measurement of daily, monthly and combined performance at multiple user-defined levels via a web interface, we are now able to provide our clients the flexibility and scalability they require to effectively access, analyze and report on critical investment data.”

CALiPER provides a seamless interface to portfolio accounting and brokerage/trust systems. The solution runs on UNIX (Solaris or AIX) and ORACLE relational database. CALiPER will continue to be supported as a stand-alone performance reporting engine and will complement the CheckFree product line which includes CheckFree APLSM, GIM® and, coming in 2007, CheckFree EPLSM. CheckFree EPL is a web-based, configurable portfolio management platform that will support all investment products and new instruments, including multi-currency. CheckFree EPL will drive efficiencies and growth through workflow and streamlined data exchange and reconciliation between managers and sponsors.