Loomis Sayles Realizes Benefits with CheckFree eVent for Corporate Actions Processing in North America

ATLANTA and BOSTON, Oct. 2  /PRNewswire-FirstCall/ -- CheckFree Corporation (NASDAQ:CKFR) today announced that Loomis, Sayles & Company, L.P., an investment management firm headquartered in Boston with $115 billion in assets under management, has completed a significant milestone using CheckFree eVent(TM) in the first phase of a strategic project to deliver an automated end-to-end corporate actions processing solution. This milestone was reached in four months and has enabled Loomis Sayles to automate its announcement capture process with five major custodians, representing significant volume and a building block for further coverage across its entire range of custodians.

With the ability to electronically receive and validate corporate action announcements via SWIFT and automatically populate its corporate actions diary with key event data, Loomis Sayles expects to minimize the operational risk associated with being notified of these events.

"CheckFree's proven in-depth understanding of the corporate actions marketplace has enabled us to progress rapidly in implementing this comprehensive solution that will significantly minimize the potential risk of operational losses. CheckFree met all of the project's original expectations, demonstrating wide-ranging product functionality, and the ability to collaborate and deliver the project on time, which was made possible due to a comprehensive support structure. Consequently, this milestone in phase one was completed on budget in only four months," said Steve Chittenden, vice president and director of investment operations, Loomis Sayles. "Loomis Sayles began testing announcement messages from our custodian banks only a month after signing our agreement with CheckFree and have already begun the second implementation phase."

Loomis Sayles' second implementation phase is designed to incorporate position capture and reconciliation. Phase three is intended to deploy CheckFree eVent to automate voluntary corporate actions with decision processing and additionally entitlement capabilities.

"CheckFree consultants have worked in close cooperation with Loomis Sayles to implement the first phase of CheckFree eVent in its strategic approach to corporate actions automation," said Gary Mercer, managing director, CheckFree. "We have been able to secure the smooth and rapid implementation of the announcement capture module and we are already helping Loomis Sayles to potentially optimize the benefits from automating corporate actions processing."

CheckFree eVent has achieved the B.I.S.S. Research Gold Accreditation for corporate actions systems for five consecutive years, which demonstrates CheckFree's strong commitment to technology leadership and business functionality strength in the corporate actions space. CheckFree eVent, which has strong financial messaging capabilities, a fundamental component of delivering a corporate actions solution, has also achieved the SWIFTReady Gold accreditation for nine consecutive years.

About CheckFree eVent

CheckFree eVent is a modular, workflow-driven solution that allows custodians, broker/dealers, investment houses, fund managers and third-party administrators to minimize corporate actions risk. The solution can enable companies to also contain costs and improve customer service by providing better information, avoid losses and increase efficiency and scalability. For more information about CheckFree eVent and other products visit http://www.checkfree.com/.

About Loomis Sayles

Since 1926, Loomis, Sayles & Company, L.P. has been focused on a single goal: to be the best possible investor. Loomis Sayles has earned the trust and loyalty of institutional and mutual fund investors around the world, and today manages more than $115 billion in equity, fixed income and alternative strategies.

Loomis Sayles is an indirect, wholly-owned subsidiary of Natixis Asset Management Group, L.P. ("Natixis US") (formerly IXIS Asset Management US Group, L.P.), which is part of Natixis Global Asset Management (formerly IXIS Asset Management Group), an international asset management group based in Paris, France and is one of the world's 15 largest asset managers* with $835 Billion in assets under management as of 6/30/07.

  * Pensions & Investments/Watson Wyatt, September 2006

  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:  Investor Relations, Tina Moore, [phone],

, or Media, Judy DeRango Wicks, [phone],

, both of CheckFree Corporation 



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

http://www.checkfree.com/ 

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