CheckFree Publishes Series of Papers on Best Practices for Unified Managed Account Programs

ATLANTA, and JERSEY CITY, N.J., Oct. 18  /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR), the leading platform provider for Separately Managed Accounts (SMAs) and Unified Managed Accounts (UMAs), today announced publication of a series of educational papers focused on its view of UMA best practices as observed through its work with leading firms in the investment management industry. The first paper in the series, entitled "Get with the Program: Designing a Successful UMA Program," is available today.

This new thought leadership series, which will be made available to industry participants for free, describes the most important stages in setting up and managing a UMA program. Additional papers will be released during the next several months, including:

  -- "To Outsource or In-source: Selecting an Overlay Management Option"
  -- "Go With The Flow: Managing Cash in the UMA World"
  -- "Buy Low, Sell High: Managing Performance in the UMA World"
  -- "Full Disclosure: Maintaining a Compliant UMA Program"



"The topics discussed in the papers reflect specific areas that industry participants who have launched, or are thinking of launching a UMA, have told us they would like to know more about," said Cheryl Nash, senior vice president, strategic marketing and business development, CheckFree Investment Services.  "We've targeted these papers for new participants to the UMA, or industry participants who may be considering changes to an existing UMA program."

The papers are designed for CheckFree Investment Services clients, as well as other UMA industry participants. As part of its services offering, CheckFree also provides direct consultation with its UMA product team, user training, and user guides, to help CheckFree clients ensure that the UMA configuration and workflow they have set up are optimal for their organizations.

Clients on the CheckFree UMA platform manage more accounts and more assets than any other platform. As of September 30, 2007, the CheckFree UMA platform had more than 160,000 accounts totaling more than $95 billion in assets under management.

To download the best practices series as they are published, please visit the CheckFree website at http://www.checkfree-cis.com/cda/investment/.

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 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. 

DATASOURCE: CheckFree Corporation



CONTACT:  Media, Judy DeRango Wicks, [phone],

, or Investor, Tina Moore, [phone],





Web site:  http://www.checkfreecorp.com/ 

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