CheckFree Wins Technology Award from The Banker for BNP Paribas Securities Services' Global STP Platform
16 June 2006 - 12:00AM
PR Newswire (US)
Siam Commercial Bank of Thailand Receives Commendation for
E-Invoicing and Payment Service Based on CheckFree Platform ATLANTA
and LONDON, June 15 /PRNewswire-FirstCall/ -- CheckFree Corporation
(NASDAQ:CKFR) today announced that it has received a 2006
Technology Award from The Banker, part of The Financial Times Group
based in London. CheckFree was recognised with the
Wholesale/Investment Banking Back-Office Award for its
implementation of CheckFree TradeFlow(TM), a transaction process
management platform at BNP Paribas Securities Services, the
Paris-based provider of securities services and investment
operations. "BNP Paribas initially selected CheckFree TradeFlow
because it uniquely met our new and expanding business
requirements," said Richard Turner, head of global transaction
services for BNP Paribas' Fund Services. "CheckFree TradeFlow has
delivered improved control and increased efficiency and allows us
to customise our services for a broad range of client environments,
regardless of instrument type or geographic location. It has
enabled us to build a single, generic STP hub that can provide
clients with optimal service quality and the best transaction
management platform on the market. BNP Paribas and our technology
partner, CheckFree, worked closely together on this project to
deliver positive, demonstrable results. We are honoured that The
Banker, a prestigious industry publication, has recognized these
outstanding results." BNP Paribas now handles all of its clients'
Foreign Exchange, Money Markets and securities trades from initial
instruction to settlement via CheckFree TradeFlow. The global STP
hub is used for all SWIFT messaging requirements and interfaces to
Omgeo services. These capabilities facilitate connectivity to the
firm's worldwide brokers, custodians and other clients and
counterparties. It also integrates seamlessly with the firm's
internal accounting applications. As such, the global STP hub not
only provides a standardised, streamlined environment for the back
and middle-office but also extends the enterprise externally to all
service touch points. Preston Hoffman, senior vice president and
general manager, CheckFree Software, said, "This award with our
valued client BNP Paribas validates CheckFree's commitment to
technology excellence in the financial services industry. The
ultimate endorsement has been from BNP Paribas' clients who have
testified to the immediate benefits of the service they have
received, which include increased STP, lower fail rates, and cost
reduction through the outsourcing of the post-trade lifecycle to
BNP Paribas rather than handling in-house." CheckFree client Siam
Commercial Bank (SCB) of Thailand also received a "Highly
Commended" award for its new e-invoicing and payment service, based
on the CheckFree i-Series(TM) software platform. Established in
1926, The Banker, part of The Financial Times Group, is the premier
magazine and acknowledged journal of record for the world's
investment, retail and commercial banking sectors, with an
ABC-certified circulation of over 26,000. A panel of respected
judges from financial services organisations selected this year's
winners of The Banker awards based on objective, results-oriented
criteria. With more than 270 entries received this year, the award
winners represented the best implementations in the world of
finance. About BNP Paribas BNP Paribas Securities Services is a
leading securities services provider to the world's financial
institutions, with a local presence in all key European markets as
well as in the US and Australasia. With 3,850 dedicated staff in 18
countries, BNP Paribas Securities Services has over 700 clients,
including 8 of the world's top 10 investment managers, and a global
custody network covering 75 markets. It holds over EUR3 trillion of
assets under custody (March 2006) and EUR538 billion of assets
under administration for over 4,000 funds worldwide. In 2005, BNP
Paribas Securities Services processed over 27 million transactions.
About CheckFree (http://www.checkfreecorp.com/) Founded in 1981,
CheckFree Corporation (NASDAQ:CKFR) provides financial electronic
commerce services and products to organizations around the world.
CheckFree Electronic Commerce solutions enable thousands of
financial services providers and billers to offer their customers
the convenience of receiving and paying their household bills
online or in person through retail outlets. CheckFree Investment
Services provides a broad range of investment management solutions
and outsourced services to thousands of financial services
organizations, which manage about $1.3 trillion in assets.
CheckFree Software develops markets and supports software
applications that are used by financial institutions to process
more than two-thirds of the 12 billion Automated Clearing House
transactions in the United States. The division also provides
operational risk management, financial messaging, corporate
actions, and regulatory compliance software to more than 1,500
organizations across the globe. Certain of the Company's statements
in this press release are not purely historical, and as such are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These include statements
regarding management's intentions, plans, beliefs, expectations or
projections of the future, and include statements regarding
forecasts and expectations of revenue for the fourth quarter of
fiscal 2006, earnings per share for the fourth quarter of fiscal
2006 and fiscal 2006 as a whole, free cash flow for fiscal 2006,
and sequential transaction growth and the general performance of
the Company's divisions in the fourth quarter of fiscal 2006
(paragraphs 8 and 9). Forward-looking statements involve risks and
uncertainties, including without limitation, the various risks
inherent in the Company's business, and other risks and
uncertainties detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year
ended June 30, 2005 (filed September 2, 2005), Form 10-Q for the
quarter ended September 30, 2005 (filed November 8, 2005), Form
10-Q for the quarter ended December 31, 2005 (filed February 8,
2006) and Form 10-Q for the quarter ended March 31, 2006 (filed May
9, 2006). One or more of these factors have affected, and could in
the future affect the Company's business and financial results in
future periods, and could cause actual results to differ materially
from plans and projections. There can be no assurance that the
forward-looking statements made in this press release will prove to
be accurate, and issuance of such forward-looking statements should
not be regarded as a representation by the Company, or any other
person, that the objectives and plans of the Company will be
achieved. All forward-looking statements made in this press release
are based on information presently available to management, and the
Company assumes no obligation to update any forward-looking
statements. DATASOURCE: CheckFree Corporation CONTACT: Media
relations, Judy DeRango Wicks, +1-678-375-1595, or Investor
relations, Tina Moore, +1-678-375-1278, both of CheckFree
Corporation Web site: http://www.checkfreecorp.com/
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