ATLANTA and LONDON, Jan. 26 - CheckFree Corporation (Nasdaq: CKFR) today announced that CheckFree eVent(TM), a powerful automation and workflow solution for corporate actions processing, now supports the London Stock Exchange's ISO 15022 corporate actions data feed.
The Exchange offers an ISO 15022-compliant service to deliver corporate actions and dividend data from UK-based corporations to end users in near real-time over the SWIFT network, using the MT564 corporate actions notification messages. The London Stock Exchange is the first stock exchange globally to supply centrally sourced corporate actions data through an industry-standard interface via SWIFT. This standardisation enables users of this corporation actions data to eliminate time-intensive processes and mitigate potential risk more effectively through automation.
Mark Husler, Head of Reference Data at the London Stock Exchange, commented, "We have invested in technologies to support ISO 15022 messages using functionality contained within our award winning SEDOL Masterfile(TM) database. Our ISO 15022 Corporate Actions feed extends our capability to supply our clients with this mission critical data."
Husler added, "With the support of connectivity and workflow technology providers, such as CheckFree eVent, our customers can now receive, validate and process all of their corporate actions data. This goes some way to reducing the risk and complexity of corporate actions processing for our customers."
Geoff Harries, director of STP product management at CheckFree Software, said, "Customers of the London Stock Exchange who deploy CheckFree eVent will now benefit from a fully supported ISO 15022 platform for their corporate actions data. Our solution provides an environment in which information from multiple sources can be easily accessed and integrated into a single, standardised format for an increasingly comprehensive view of corporate actions in markets around the world. Adding high quality data feeds, such as the London Stock Exchange, significantly enhances our announcement capture functionality."
CheckFree eVent is the first solution to automate the end-to-end corporate actions process by automating the electronic receipt of corporate actions notifications and providing online management tools to manage the entire process. CheckFree eVent brings major benefits for fund managers, custodians and brokers involved in both domestic and cross border securities activity. The application allows these institutions to more efficiently validate specific corporate announcements and greatly reduce the potential risk that incorrect or conflicting announcement data could adversely affect all subsequent operations, processes and business decisions downstream from that event.
In September 2005, CheckFree was awarded the SWIFTReady corporate actions label for CheckFree eVent, which is built on the same financial messaging platform as the 2005 SWIFTReady Gold accredited CheckFree TradeFlow solution. CheckFree eVent also recently achieved the CityCompass Research B.I.S.S. Gold Accreditation for Corporate Actions Systems. The designation, along with the SWIFT accreditation, further reflects CheckFree's commitment to technology leadership in the corporate actions space.
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 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, 2005 (filed September 2, 2005), and Form 10-Q for the quarter ended September 30, 2005 (filed November 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.
