CheckFree to Participate in the B.I.S.S. 2006 Corporate Actions Benchmarking

London, UK - 15 September 2006

CityCompass Research, the leading independent Research company in the financial services sector, today announced that CheckFree is the latest vendor to enter the B.I.S.S. (Benchmarking of International Systems and Services) 2006 Corporate Actions benchmarking.

Gary Wright, Managing Director, CityCompass Research and creator of the unique business benchmarking concept, said “CheckFree has always shown its commitment to the B.I.S.S. Corporate Actions benchmarking accreditation and the CheckFree eVentTM solution has operated well under close scrutiny. I understand that CheckFree has further developed the corporate actions functionality within its solution this year. We look forward to providing the usual rigorous B.I.S.S. assessment to prove how well CheckFree eVent performs. Announcements of the vendors who have achieved this year’s B.I.S.S. Corporate Actions Accreditation will be made during SIBOS week, Oct. 9-13.

Geoff Harries, director, securities product management, CheckFree Software, said, “CheckFree eVent is a powerful automation and workflow solution for corporate actions processing. In response to market needs, we have continued to invest significant resources to further improve our solution. CheckFree’s participation with industry benchmarks such as B.I.S.S. further reflects our commitment to product and thought leadership in the corporate actions space. We look forward to working with City Compass Research and demonstrating how CheckFree eVent’s capabilities are designed to enable companies to better manage risk and the complexity associated with corporate actions processing.

CheckFree eVent achieved the B.I.S.S. 2005 Gold Accreditation for Corporate Actions Systems. This designation, along with the SWIFT accreditation, further demonstrates CheckFree’s strong commitment to technology leadership in the corporate actions space. ”

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