CheckFree Announces New Version of Accurate NXG Reconciliation and Exception Management Solution

CheckFree Corporation (Nasdaq: CKFR) today announced the availability of Accurate NXG(TM) software version 2.11, the latest release of its leading reconciliation and exception management solution.

Designed to accelerate deployments in large, complex enterprise environments, Accurate NXG version 2.11 provides a new thin-client interface, implements best-practice security measures and administrative profiling, and delivers improved operational controls to support regulatory requirements.

The thin-client reconciliation functionality in the latest release enables financial institutions and corporates to enhance transaction transparency and comply with increasingly complex regulatory requirements by submitting a summary of the reconciliation for sign-off by a senior manager and maintaining a clear audit trail of each step in the reconciliation process.

The thin-client reconciliation functionality in version 2.11 of the solution enables organisations to reduce the cost of deployment by eliminating time-consuming installations at each workstation.

"With heightened merger and acquisition activity, consolidation in the marketplace and pressures to comply with increasingly complex regulatory measures, our clients need more sophisticated reconciliation and exception management capabilities," said Esther Pigg, vice president of global product management at CheckFree Software. "Based on years of experience in serving a global client base, CheckFree understands these challenges and has developed the Accurate NXG solution to support large organisations with complex requirements and growing transaction volumes, while helping our clients achieve regulatory compliance."

The latest version of Accurate NXG includes a new profile manager that enables organisations to authorise the functions and data entities each administrator will manage. The profile manager helps organisations tighten administrative controls on Accurate NXG to support the segregation of duties recommendations of Sarbanes-Oxley in the United States, along with comparable regulations in the U.K. and Europe.

Version 2.11 of the solution incorporates the highest industry standards in password administration and provides tighter controls on access to the Accurate NXG database. Accurate NXG utilises Oracle and SQL Server databases and supports a variety of operating systems, including Windows Server, Solaris, AIX and Linux.

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 their customers the convenience of receiving and paying their household bills online or in person through retail outlets. CheckFree Investment Services provides a broad range of investment management solutions and outsourced services to thousands of financial services organizations, which manage about $1.4 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 14 billion Automated Clearing House transactions in the United States. The division also provides operational risk management, financial messaging, corporate actions, and regulatory compliance software to more than 1,500 organizations across the globe.

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). 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.

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