Checkfree Corp (MM) (NASDAQ:CKFR)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Checkfree Corp (MM) Charts. Click Here for more Checkfree Corp (MM) Charts.](/p.php?pid=staticchart&s=N%5ECKFR&p=8&t=15)
CheckFree Expands in Asia Pacific With Two New Partners for
Transaction Management Solution
ATLANTA and LONDON, July 12 /PRNewswire-FirstCall/ -- CheckFree Software, a
division of CheckFree Corporation (NASDAQ:CKFR), today announced the signing of
expanded business partner relationships with the Singapore-based division of
Decillion, an international banking IT supplier and SWIFT specialist, and C&H
Technology Corporation, one of Taiwan's foremost systems integrators. These
new agreements extend CheckFree's international reach to bring CheckFree
Software's RECON-Plus Frontier enterprise-wide reconciliation solution into
banking back offices across the region from China and Taiwan to Australia.
CheckFree RECON-Plus Frontier is a browser-based, real-time reconciliation
solution that provides comprehensive, automated reconciliation workflow for
banks, insurance firms, broker/dealers, government entities and corporations.
When automated at the enterprise level and integrated with relevant legacy
systems, the centralised design of RECON-Plus Frontier provides real-time
decision-supporting data. It increases the speed and accuracy of the
transaction settlement process while decreasing overhead, minimising risk and
supporting evolving customer services.
CheckFree is also the sole supplier of character-based language-enabled
electronic billing and payment software in production today in Taiwan, via a
pre-existing partnership with C&H Technology using CheckFree i-Series software.
By broadening its use of the CheckFree Software product set, C&H Technology's
strategy is to provide comprehensive solutions to online banks in Taiwan and
China that integrate front-end electronic billing with back-office payment
reconciliation systems. "CheckFree delivers solutions that are targeted to
local cultures and languages, which reflects the company's experience in the
international marketplace," said Tony Chen, president of C&H Technology.
"CheckFree also has the ability to adapt to different business segments and
technology requirements across the markets we serve."
Decillion, which has offices across the Asia-Pacific region including
Singapore, Indonesia, Malaysia and Australia, has in-depth knowledge of the
regional banking industry. As an official business partner of SWIFT, Decillion
services over 100 banks and financial institutions in Southeast Asia. The
company already has a track record of success with CheckFree's SWIFTReady
financial messaging solutions (previously from HelioGraph). With the addition
of CheckFree's enterprise-enabled reconciliation technology, Decillion can
provide a powerful combination of products that supports end-to- end
transaction settlement across multiple business lines and geographies across
the Asia-Pacific region.
Thomas Lee, managing director of Decillion, comments: "CheckFree offers one of
the most advanced sets of software solutions available to the banking industry,
and its strong commitment to research and development ensures state- of-the-art
readiness and continued competitive advantage."
Sean Feeney, executive vice president and general manager, CheckFree Software,
adds: "CheckFree has worked closely with both C&H Technology and Decillion for
a number of years, and has found that each has the experience and market
presence to help us further establish our next generation of reconciliation and
financial services products in the Asia-Pacific region."
About C&H Technology Corporation
Chen & Hsieh Technology was established in 1995. As the leading systems
integrator in Taiwan, C&H has a strong track record in the large scale
integration of high volume billing statement production solutions, especially
in financial services and the telecoms sectors. C&H customers are spread
throughout many business sectors such as utilities, banking and securities,
insurance, telecommunications, and government. In addition to systems
integration, C&H works is a service provider in the high volume printing
business with many customers generating huge volumes of bills and statements on
a regular basis. C&H also specialises in helping customers leverage their data
to develop new business models and new kinds of services.
About Decillion Solutions ( http://www.decillion.com.sg/ ) Decillion Solutions
is a leading I.T. company focusing on financial services Industry. Decillion is
recognised as the official Business Partner and Service Partner of SWIFT for
Southeast Asia and South Pacific Region with an impressive record of over 300
successful SWIFT Alliance installations as well as providing continued services
to 100+ banks and financial institutions. In endeavouring to provide a
"boutique" for financial institutions, Decillion also specialises in STP, SWIFT
Service Bureau, Payment Systems, Trade Processing and other banking
applications.
About CheckFree ( http://www.checkfreecorp.com/ )
CheckFree (NASDAQ:CKFR) is a provider of financial electronic commerce services
and products. Founded in 1981 and celebrating its 23rd year in e- commerce,
CheckFree is comprised of three divisions: Electronic Commerce, Software, and
Investment Services. CheckFree launched the first fully integrated electronic
billing and payment solution in 1997. In the quarter ended March 31, 2004, more
than 13 million consumers initiated online payments through services offered by
CheckFree's Electronic Commerce division. Electronic billing and payment is
available through more than a thousand financial services organizations,
including banks, brokerage firms, Internet portals and personal financial
management (PFM) software. At these sites, consumers are able to electronically
receive and pay essentially all the bills most common to a U.S. household.
CheckFree delivers 22.5 million e-bills each quarter. CheckFree Investment
Services provides a broad range of investment management services to thousands
of financial institutions nationwide. The division's clients manage nearly 1.5
million portfolios totaling more than $900 billion in assets. CheckFree's
Software division provides solutions through three operating units: CheckFree
ACH Solutions, CheckFree Financial and Compliance Solutions (CFACS), and
CheckFree i-Solutions. CheckFree ACH Solutions provides software and services
that are used to process more than two-thirds of the nation's nine billion
Automated Clearing House payments, while CFACS provides reconciliation,
financial messaging, workflow and compliance software and services to more than
600 organizations in the banking, brokerage, investment management, insurance
and credit card industries, among others. CheckFree i-Solutions is the leading
provider of e-billing and e-statement software and services for both
business-to-consumer and business-to-business applications.
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,
2003 (filed September 15, 2003), Quarterly Report on Form 10-Q for the quarter
ended September 30, 2003 (filed November 13, 2003), Quarterly Report on Form
10-Q for the quarter ended December 31, 2003 (filed February 12, 2004), and
Quarterly Report on Form 10-Q for the quarter ended March 31, 2004 (filed May
14, 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.
DATASOURCE: CheckFree Corporation
CONTACT: Media relations, Judy DeRango Wicks, +1-678-375-1595, or
, or Investor relations, Tina Moore, or
+1-678-375-1278, or
Web site: http://www.checkfreecorp.com/