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CheckFree's Accurate NXG Awarded SWIFTReady Gold Label 2007
Oct 02, 2007 (10:10 AM EDT)
Cash and Securities Reconciliation Solution Achieves Award for Eighth Consecutive Year
ATLANTA, and BOSTON, Oct. 2 /PRNewswire-FirstCall/- Sibos Booth F43 - CheckFree Corporation today announced that the Accurate NXG(TM) reconciliation and exception management solution has been awarded the SWIFTReady Gold label for Cash and Securities Reconciliation for the eighth consecutive year. SWIFTReady Gold is the highest level of certification awarded by SWIFT.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the financial industry-owned co-operative, supplying secure, standardized messaging services and interface software to over 8,100 financial institutions in 208 countries.
"CheckFree has once again demonstrated continued investment in its solutions, ensuring that they have the quality and adaptability to meet our increasingly stringent criteria," said Juanita Maes, business development manager, Partner Solutions at SWIFT. "Each vendor's technology is judged on its ability to provide automation and support of SWIFT standards and Market Practice."
Accurate NXG enables CheckFree's clients to identify, assess and mitigate operational risk and improve process monitoring through the automation and streamlining of their reconciliation and exception management processes.
"We are honored that SWIFT has granted CheckFree its highest levels of certification," said Mark Cappell, senior vice president and general manager, reconciliation and exception management for CheckFree. "By consistently investing in each of our solutions, CheckFree continues to meet the constantly changing requirements of both our clients and the global financial services industry. Our SWIFT-accredited solutions exemplify CheckFree's Applied Operational Intelligence(SM) approach, which provides our customers with a competitive advantage by driving performance and profitability, reducing operational costs and errors and potentially improving risk management capabilities."
CheckFree's Applied Operational Intelligence(SM) 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 payments processing and consulting, reconciliation and exception management, fraud and risk management, cash and logistics management and compliance software and services. The Applied Operational Intelligence(SM) approach is expressly designed to manage risk and efficiency, while leveraging business intelligence to achieve measurable return on investment.
About CheckFree ( www.checkfreecorp.com )
Founded in 1981, CheckFree Corporation provides financial electronic commerce services and products to organizations around the world. CheckFree Electronic Commerce solutions enable financial services providers to offer the convenience of online banking, and along with billers, to offer the convenience of receiving and paying household bills online, via phone or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to hundreds of financial services organizations, which manage about $1.8 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 nearly 14 billion Automated Clearing House transactions in the United States. The division also provides financial institutions and other organizations with payment processing and consulting, reconciliation and exception management, fraud and risk management, cash and logistics management, and compliance software and services.
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. 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, 2007 (filed August 24, 2007). 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.
CONTACT: Media, Judy DeRango Wicks, +1-678-375-1595, firstname.lastname@example.org, or Investors, Tina Moore, +1-678-375-1278,, both of CheckFree Corporation
Web site: http://www.checkfreecorp.com/