McComsey Asset Management Selects CheckFree APLSM to Maximize Growth Equity Portfolio Offerings

Atlanta and New York - 19 October 2006

- Sophisticated Investment Model Optimizes Long Term Returns, Enhances Portfolio Performance -

Managed Account Solutions Booth #7, CheckFree Corporation (Nasdaq: CKFR) today announced that McComsey Asset Management, an investment advisor specializing in managing growth equity portfolios for high net worth individuals and institutional clients, selected CheckFree APLSM to provide portfolio accounting for McComsey’s investment management platform. Chosen due to the established ASP model and superior connectivity of its APL platform, the CheckFree platform has been deployed by McComsey Asset Management to power its asset management solutions.

By integrating CheckFree APL into its large capital growth equity platform, McComsey Asset Management is able to enhance portfolio management and monitoring, streamline front and back office functionality and improve service to deliver maximum value to clients. CheckFree APL enables McComsey to leverage a highly sophisticated trading platform to continue managing their high alpha strategy and allocate accounts across different platforms. CheckFree APL will ensure that all assets are diversified and allocated to minimize performance dispersion and trading costs.

“McComsey selected CheckFree APL to take advantage of the proven scalability, functionality and access offered by the APL platform,” noted Maureen McComsey, vice president of client relations at McComsey Asset Management. “By leveraging CheckFree APL’s ASP model, we enjoy the benefits of a first-class performance reporting engine without the maintenance or expense associated with in-house solutions. CheckFree APL enables us to drive our investment management offerings with advanced portfolio monitoring and measurement, allowing us to deliver long term capital growth and consistent value-added performance for our clients, regardless of market conditions.”

Michael Gianoni, executive vice president and general manager at CheckFree Investment Services, said, “As McComsey Asset Management continues to evolve its successful investment strategy, CheckFree APL will deliver seamless scalability that will enable McComsey to expand their business operations. CheckFree APL will provide numerous connections to additional broker dealers previously unavailable to McComsey, bringing new participants onto their platform that will result in diverse investment opportunities and improved service for McComsey clients.”

CheckFree APL delivers an innovative, advanced 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's platform enables approximately 100 of the top Wall Street sponsor firms and 150 separate account managers to interface with each other, and operate in a straight-through processing environment. Institutional money managers also use CheckFree APL to enter and maintain account data, manage trades and measure portfolio performance.

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