CheckFree Successfully Completes Testing Certification for Automated ISO 15022 SWIFTNet SMPG Corporate Actions Message Quality Initiative

Atlanta and London - 24 January 2007

CheckFree Corporation (Nasdaq: CKFR), a provider of sophisticated, high-volume solutions for middle-office, back-office and corporate actions automation in the financial services industry, today confirmed it has successfully completed the SWIFTNet Testing and Certification Service Proof of Concept (POC) project for ISO 15022 corporate actions messages.

The project tested the validity of ISO 15022 corporate actions notification messages, submitted by CheckFree eVent(tm) against the recently published guidelines by the Securities Market Practice Group (SMPG). SMPG is an industry group focused on defining and documenting securities industry communications practices using ISO 15022 principles.

This POC is the first step in a SWIFT (the Society for Worldwide Interbank Financial Telecommunication) initiative to test automated corporate actions notification messages for compliance with SMPG's guidelines, and also gauge support for future testing and certification.

An additional goal of this initiative is to look at ways to improve the overall quality and adoption of ISO 15022 corporate actions messages, leading to improved straight-through processing (STP) and reduced risk in corporate actions processing.

CheckFree's eVent solution successfully submitted more than 55 different event types and their respective corporate actions notification messages. These messages all conformed to the correct mandatory and voluntary indicators, as well as any use of option codes specified for the event in the SMPG guidelines. In all cases, CheckFree eVent also achieved an extremely high level of STP.

Max L. Mansur, Product Manager for Custodian Services at SWIFT, commented, "The recurring message within the corporate actions community is that high data quality coupled with consistent market practice adoption reduces risk and processing costs. We are happy that CheckFree chose to participate in this Proof of Concept and to help us confirm the potential value of a testing service for our mutual clients."

Preston Hoffman, senior vice president and general manager of the securities practice within CheckFree Software said, "This initiative - aimed at raising the quality and future adoption of the ISO 15022 corporate actions messaging standards - is further commitment from CheckFree to provide high-quality processing solutions and achieve exceptional customer service for our global clients. As a long-term SWIFTReady Gold EAI accredited partner and a SWIFTReady application in the corporate actions space, CheckFree continues to maintain active involvement in industry initiatives that promote the benefits of STP."

By participating in the Proof of Concept Project, CheckFree continues to invest in its eVent corporate actions solution, allowing it to meet the ever changing requirements of clients and the global financial services industry.

CheckFree's Applied Operational IntelligenceSM 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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