| CheckFree Introduces Expanding Portfolio of Online Financial Services Solutions |
- From mobile banking and payments to online personal finance management tools, CheckFree helps financial institutions optimize their 'virtual branch' -- the online channel - ATLANTA and LAS VEGAS, Nov. 14 /PRNewswire-FirstCall/ -- BAI Retail Delivery Conference & Expo, Booth # 1417 -- CheckFree Corporation (Nasdaq: CKFR) today introduced a suite of Online Channel Optimization Solutions(SM) designed to help financial institutions expand their reach and generate opportunities to acquire new customers at reduced cost, build deeper customer relationships to increase retention, and drive revenue growth and profitability by leveraging up-sell and cross-sell opportunities. During this week's BAI Retail Delivery Conference & Expo, CheckFree will introduce CheckFree Small Business, an integrated electronic bill payment, invoicing and receivables solution that financial institutions can offer to their small business customers, and CheckFree Web RXP(SM), the latest innovation in its industry-leading electronic billing and payment platform. Mobile Banking & Payments: The Next Big Thing Presentation on Wednesday, Nov. 15 In addition, CheckFree and its exclusive partner, Firethorn Holdings, LLC, will demonstrate a new mobile banking and bill payment solution, announced last week, that will enable consumers to check financial account balances, transfer funds and receive and pay bills. CheckFree will host a special Solutions Theater presentation, "Mobile Banking & Payments: The Next Big Thing" on Wed., Nov. 15 from 11:10 a.m.-11:40 a.m. in Theater #3 at the Mandalay Bay Resort & Casino exhibit hall in Las Vegas. CheckFree has recently broadened its portfolio of online financial services solutions beyond its core electronic billing and payment service to include fraud detection and monitoring, money management tools and online account opening, funding and transfers. These services are part of the new suite of Online Channel Optimization Solutions for financial institutions. The online channel is expected to be a source of significant future growth and investment for financial institutions. Aite Group projects that revenue generated through an institution's online channel will grow from the current 3 percent of total revenue (in 2006) to 13 percent by 2010. "Consumers are increasingly looking to their banks, credit unions and brokerage firms to provide more convenient ways to manage a broader range of financial activities online, from paying bills to managing the family budget to opening and funding new accounts," said Matt Lewis, executive vice president and general manager of CheckFree's Electronic Commerce Division. "CheckFree's Online Channel Optimization Solutions enable financial institutions to unlock the full potential of their online channel to meet their customer acquisition, retention and profitability goals, while reducing operating costs and leveraging strategic information to help grow their retail businesses." CheckFree's theme at the conference invites attendees to "Imagine More ... More Relationships, More Revenue, More Growth." Through its suite of Online Channel Optimization Solutions, CheckFree helps financial institutions turn these aspirations into business realities. CheckFree will demonstrate its broadened portfolio of solutions in Booth #1417 at the BAI Retail Delivery Conference, including: Online Money Management: Provides personal financial management capabilities such as financial forecasting, budgeting, spending analysis and transaction history tools. Mobile Banking and Payments: Enables financial institution customers to perform a wide variety of common online banking functions (pay and receive bills, view account balances, transfer funds) anytime and anywhere using their phones, PDAs, or other mobile devices. Security and Fraud Prevention: Deploys fraud prevention technology that flags suspicious transactions in real time before they are processed. Small Business Solutions: Delivers an integrated electronic billing and payment solution designed specifically for financial institutions' small business customers, with added functionality that small businesses value such as the ability to send e-invoices and receive customer payments electronically. Electronic Billing and Payment (EBP): Provides online customers with the convenience of single-point bill management, including bill viewing and payment integrated with their customer's online banking services. Online Account Opening and Funds Transfers: Helps financial institutions reach customers beyond traditional brick-and-mortar and geographic footprints to meet demand for online opening, funding and account-to-account transfers. 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 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 $1.5 trillion in assets. CheckFree Software develops, markets and supports payment processing solutions that are used by financial institutions to process more than two-thirds of the 14 billion Automated Clearing House transactions in the United States, and supports reconciliation, exception management, risk management, transaction process management, corporate actions processing, and compliance within thousands of organizations worldwide. 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, 2006 (filed September 8, 2006) and Form 10-Q for the quarter ended September 30, 2006 (filed November 8, 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. SOURCE CheckFree Corporation
CONTACT: Media relations, Judy DeRango Wicks, 1-678-375-1595, or |
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| "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Fiserv, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |