CheckFree to Strengthen Visionary EPL Platform with Multi-Currency, Multi-Language Corporate Actions Processing Engine

Integration of CheckFree eVent to Deliver Automated Corporate Actions Processing

ATLANTA/JERSEY CITY, March 15, 2006 – CheckFree Corporation (Nasdaq: CKFR) today announced plans to embed CheckFree eVentTM, a powerful automation and workflow solution with global coverage for corporate actions processing, into its next-generation EPL (Enhanced Portfolio Lifecycle) platform. By integrating CheckFree eVent into CheckFree EPLSM, CheckFree will empower its clients to automatically receive, validate and process corporate actions, from announcement through to entitlement posting, resulting in significant time and cost savings.

CheckFree EPL is an advanced platform designed to meet the needs of the next generation of investors, from baby boomers to the emerging mass affluent. CheckFree EPL enables innovative solutions that will support the new trends in the marketplace, such as the UMH (Unified Managed Households), wealth management and overlay functionality. CheckFree EPL will advance the technology, workflows and services currently available through CheckFree APL, the market-leading Separately Managed Accounts platform that provides remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting. CheckFree EPL is browser-based and designed with Microsoft .NET technology to deliver superior business, operational and cost efficiencies to broker/dealer firms, banks, money managers and registered investment advisors.

“As EPL continues to evolve into a global multi-transaction/multi-currency portfolio accounting solution, the incorporation of a proven, global corporate actions engine that offers complete out-of-the box functionality in an easy to use, scalable model is essential to the continued development and success of the platform,” said Alex Marasco, executive vice president and general manager at CheckFree Investment Services. “By integrating CheckFree eVent into EPL, we will deliver a comprehensive corporate actions processing solution that will grow and expand with the market, providing our customers an effective means to conquer this complex processing area.”

By embedding CheckFree eVent as a key component of the EPL platform, CheckFree EPL is being designed to process corporate actions against holdings data for the more than 2 million accounts supported on the EPL platform. CheckFree EPL will also offer seamless straight through processing for mandatory and voluntary corporate actions. CheckFree eVent enables organizations to more efficiently validate specific corporate announcements and greatly reduce the potential risk that incorrect or conflicting announcement data could adversely affect subsequent operations, processes and business decisions downstream from that event.

CheckFree eVent is the only solution to provide out-of-the-box packaged workflows for all 68 ISO corporate actions types.

CheckFree EPL will offer improved web functionality and advanced efficiencies designed to reduce resource requirements of client firms and deliver lower total cost of operation.

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