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CheckFree Corporation

Matav, Hungary's Primary Telecommunication Provider, Takes Lead With National Electronic Billing and Payment Consolidation Service Powered by CheckFree Software

Atlanta and London (ots/PRNewswire)

CheckFree Software, a
business of CheckFree Corporation (Nasdaq: CKFR), today announced
that Matav, Hungary's former national telecommunications carrier, has
begun the pilot phase of the country's first electronic billing and
payment service.
The new service will enable customers to view, query and pay their
bills online, which is a major convenience in a country where
consumer bill payments are typically made via money orders and giro
payments at the local post office. Matav's new Internet billing
service is based on CheckFree i-Series software with systems
integration provided by IBM and local business partner, Triad
Computer Services. Matav is currently working on its national
messaging and promotional campaign for the service, which is
scheduled to launch at the end of February 2005.
Matav is also breaking new ground by becoming one of the first
telecommunication providers globally to host an e-billing and payment
consolidation service. A bill consolidator enables a range of
telecoms, utilities, credit card and other cyclical bills to be
viewed and paid from a single web site. The role of electronic
billing and payment consolidator has traditionally been filled by a
central payment processor or postal service provider. As a pioneering
telecommunication service provider, Matav will offer consolidated
bills for its own fixed, wireless, cable TV and IP business units,
and then extend the service to cross-industry billers throughout
Hungary lifted restrictions on electronically generated bills in
May 2004, changing a mandate that companies could only issue paper
bills and statements. "In response to the new regulations, we were
determined to be the first company in Hungary to bring electronic
billing and payment to market," said Peter Racsko, EBPP Project
Leader and Director of Business Intelligence and Documentation
Directorate at Matav. "Our implementation and requirements were very
complex, and we needed a solution that was flexible and easy to
configure to bring us into production quickly. CheckFree i-Series was
the only solution that met our requirements to accommodate a wide
variety of data formats from different billing systems, and provide
multiple payment interfaces, in our case specific to the national
Hungarian banking system."
"The potential success of Matav's new service required a
technology solution that could allow a wide assortment of bill types
to be delivered and viewed at a single site, so flexibility and
scalability were critical," explained Randy McCoy, Executive Vice
President and General Manager of CheckFree Software.
Currently, Matav generates four million paper bills a month and
anticipates significant savings in paper and related costs, as well
as potential new revenue streams such as electronic archiving for up
to eight years, with on-demand distribution to customers. Customers
themselves will also benefit. The new electronic billing service
provides greater control over the payment process, enabling customers
to preview and query their bills before making payment and receiving
a transaction confirmation. Looking ahead, Matav also anticipates
extending the service to include a range of services for corporate
customers, for whom e-billing brings the ability to access and
analyse complex billing data, connect to ERP and accounting systems
and provide additional types of enterprise workflow support.
About CheckFree ( )
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
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) and Form
10-Q for the quarter ended September 30, 2004 (filed November 9,
2004). 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:


Media, Judy DeRango Wicks, +1-678-375-1595, or
, or Investor Relations, Tina Moore, +1-678-375-1278, or , both of CheckFree Corporation

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