DAIWA SECURITIES SMBC EXTENDS CHECKFREE TRADEFLOW FOR TRAX2 MIGRATION

ATLANTA and LONDON - 4 April 2007

CheckFree Corporation (Nasdaq:CKFR) today announced that Daiwa Securities SMBC Europe Limited (Daiwa) has extended its use of CheckFree TradeFlow(tm), CheckFree's post-trade securities transaction process management solution.

Daiwa began utilising CheckFree TradeFlow in 2004 to process trade confirmations for its regional operations centre in London. Under the new agreement, CheckFree will provide Daiwa with additional connectivity to support the TRAX2 network, the one-stop trade matching and regulatory reporting system for bonds, derivatives and equities developed by the International Capital Market Association (ICMA).

ICMA is in the process of migrating existing members of TRAX to its new
TRAX2 network and has set a deadline of September 2007 for the changeover. The CheckFree TradeFlow solution is designed to enable Daiwa to migrate to the new network before the deadline, thereby potentially reducing Daiwa's operational risk. TradeFlow's connectivity with TRAX2 will also assist Daiwa to more easily meet regulatory reporting requirements such as those set out by The Markets in Financial Instruments Directive (MiFID) for financial services firms across Europe.

"CheckFree TradeFlow is proven technology that has become an integral part of Daiwa's infrastructure following our successful implementation of the platform for Oasys Global Direct connectivity," said Graeme Muirhead, managing director of the technology division at Daiwa Securities SMBC Europe. "CheckFree's integration and workflow technology will enable us to leverage our existing investment to build added value into our operations. We have appreciated CheckFree's considerable domain expertise and advice in working to help us deliver trade processing solutions to the business."

"The move to TRAX2 is mandatory, and must happen by September 2007, and CheckFree can assist our clients to make that move," said Preston Hoffman, senior vice president and general manager of CheckFree Software's Securities business. "Often the cost of building an in-house solution to address connectivity issues is time and cost prohibitive.
Through CheckFree TradeFlow, we offer our clients a low risk option to deliver this change, while assisting with their compliance with complex government regulations and industry standards, which are critical to maintaining business continuity."

CheckFree's Applied Operational Intelligence SM approach helps clients drive profitability and performance by combining innovative software, proven expertise and business intelligence. This approach is built on CheckFree's core competencies of reconciliation, exception management, transaction process management, corporate actions processing, payments processing, risk management and compliance. The Applied Operational Intelligence approach is expressly designed to help manage risk and efficiency, while leveraging business intelligence to achieve measurable return on investment.

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