CheckFree Ranks Ninth on 2007 InformationWeek 500

Introduction of Innovative Upgrade Process for Flagship CheckFree Web(SM) Payment Platform Secures Recognition in Top 10 


ATLANTA and TUCSON, Ariz., Sept. 18  /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR), a leading provider of financial electronic commerce services and products, today announced that it ranked ninth on the 2007 InformationWeek 500. The rankings were revealed last night at an awards ceremony at the InformationWeek 500 conference in Tucson, Arizona. This is the first time that CheckFree, headquartered in Norcross, Ga., has been named among the top 10 companies.

CheckFree received recognition for the company's innovative use of information technology, most notably within CheckFree Web(SM), the payment platform used by more than 2,000 financial institutions to support their electronic billing and payment services.

"CheckFree has dedicated substantial resources to the development of a world class technology organization and fosters a culture that values innovative thinking and high quality standards," said Steve Olsen, CheckFree Chief Operating Officer. "The effective application of technology allows CheckFree to bring our financial institution customers and the millions of consumers they serve an online payment experience that enhances their ability to manage their financial life. Recognition in the top 10 of the InformationWeek 500 affirms our continued commitment to that vision."

The CheckFree Web "feature pack" upgrade process highlighted in the InformationWeek 500 entry enables CheckFree to launch product updates to thousands of financial institutions simultaneously, in real time. The feature pack approach allows CheckFree to offer frequent updates, thus providing millions of consumers with access to the latest online bill payment features and functionalities. The traditional migration process associated with the move to a new product was eliminated, allowing CheckFree and its customers to save thousands of man hours.

"We'd like to extend our sincere congratulations to all InformationWeek 500 honorees. These companies represent today's leading technology innovators, many of whom have joined us this week," said InformationWeek vice president and publisher, John Siefert. "This group has prompted fascinating discussion on some of the most forward looking business technology initiatives to date."

For nearly 20 years, InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing.  The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.  Additional details on the InformationWeek 500 can be found online at http://www.informationweek.com/iw500/.

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.

About InformationWeek (http://www.informationweek.com/)

InformationWeek is the leading multimedia Business Technology brand -- online sites, magazine, events and research -- providing CIOs and IT decision makers with unique perspective and tools that work in lock step with their decision making process -- from the setting of business strategies to the evaluation and recommendation of technology solutions. Through its cross-media platform, InformationWeek provides editorial content developed by both journalists and CIO and IT peers delivered when and how they want it, 24/7. For Technology Marketers, InformationWeek offers a dynamic portfolio of products to engage and align with the largest, most influential buying audience in the market. This means marketing solutions that target broad audiences (reach), as well as media programs organized by content themes and specific audience segments (composition). The InformationWeek audience of 3 million buyers, includes CIOs, IT executives and business managers who cut across industries, job titles, company sizes and global borders.

About CMP Technology (http://www.cmp.com/)

CMP Technology is a marketing solutions company serving the technology industry. Through its market-leading portfolio of trusted information brands, CMP has earned the confidence of more technology professionals than any other media company. As a result, CMP is the premier provider of access, insight and actionable programs designed to connect sellers and buyers in ways that yield superior return on investment. CMP Technology is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com/), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion. 

DATASOURCE: CheckFree Corporation



CONTACT:  Ellen Asuncion, Marketing Manager, InformationWeek,

[phone], , for CMP; Ann Cave, Public Relations

Manager, CheckFree, [phone], 



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

http://www.informationweek.com/

http://www.cmp.com/

http://www.unitedbusinessmedia.com/

http://www.informationweek.com/iw500 

Copyright