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CheckFree TradeFlow TPM Achieves SWIFTReady Gold for Financial EAI
Atlanta and London (ots/PRNewswire) - CheckFree Software, a business of CheckFree Corporation (Nasdaq: CKFR), today announced that CheckFree TradeFlow TPM(TM) is among the first products to be awarded SWIFTReady Gold accreditation for 2005 in the category of Financial Enterprise Application Integration (EAI). TradeFlow TPM, a market-leading trade confirmation and settlement solution, also provides the technology platform for CheckFree eVent(TM), CheckFree's SWIFTReady accredited product for corporate actions automation.
This is the sixth consecutive year that TradeFlow TPM technology has been awarded SWIFTReady Gold status, and is continued recognition of CheckFree's leadership in financial messaging and straight-through processing (STP). The stringent SWIFT testing process validates TradeFlow's flexibility, robust performance and support for SWIFT standards - all of which are key requirements for straight-through workflow across current and future networking platforms such as SWIFTNet.
Today, CheckFree's combined products for reconciliation, financial messaging and corporate actions are delivering the realization of end-to-end transaction management capabilities to the global SWIFT community. The scalability of TradeFlow's core integration engine is illustrated by the performance enhancements it achieved in the latest release, which shows up to a 43 percent increase in throughput for a series of normalised real-world benchmarks.
"We appreciate the ability CheckFree has demonstrated in quickly delivering advanced SWIFT ready technology to our clients that enable enterprise integration and customer value creation," says Olivier Roucloux, EAI Industry Analyst at SWIFT. "We look forward to exploring new opportunities together with CheckFree and are very pleased to award the SWIFTReady Financial EAI Gold label 2005 for their TradeFlow product."
"The endorsement of an industry leader of SWIFT's calibre recognizes CheckFree's ongoing commitment to customer-driven research and software development over a number of years. The accreditation is a powerful confirmation of the ability of our integrated product family to provide workflow capabilities across the SWIFT community," said Randy McCoy, executive vice president and general manager of CheckFree Software.
About CheckFree ( 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 more than US$1 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 10 billion Automated Clearing House transactions in the United States. The division also provides global trade processing, reconciliation, financial messaging, compliance and electronic billing and statement software to hundreds of organizations across the globe.
Certain of CheckFree'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. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in CheckFree's business, and other risks and uncertainties detailed from time to time in CheckFree's periodic reports filed with the Securities and Exchange Commission, including CheckFree's Annual Report on Form 10-K for the year ended June 30, 2004 (filed September 3, 2004), Form 10-Q for the quarter ended September 30, 2004 (filed November 9, 2004) and Form 10-Q for the quarter ended December 31, 2004 (filed February 8, 2005). One or more of these factors have affected, and could in the future affect CheckFree'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 CheckFree, or any other person, that the objectives and plans of CheckFree will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and CheckFree assumes no obligation to update any forward-looking statements.
Web site: http://www.checkfreecorp.com
ots Originaltext: CheckFree Corporation
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