HSBC Securities Services Implements CheckFree eVent(TM) for Corporate Actions Automation

HSBC Securities Services Implements CheckFree eVent(TM) for Corporate Actions Automation

January 15, 2007

    ATLANTA and LONDON, Jan. 15 /Xinhua-PRNewswire/ --
CheckFree Corporation (Nasdaq: CKFR), today announced that
HSBC Securities Services (HSS) has implemented the
CheckFree eVent(TM) solution to deliver automated
end-to-end corporate actions processing to HSS's investment
administration clients.

    HSS offers securities administration and custody and is
a leading provider of comprehensive global, regional and
domestic securities services to corporate and institutional
clients around the globe.  HSS recently surpassed $1
trillion of assets under administration and has $4.332
trillion of assets under custody, making it one of the
world's largest and broadest providers. 

    The implementation of CheckFree eVent is designed to
automate the announcement capture and validation of HSS's
multiple data sources, creating corporate actions master
records for downstream processing and accounting updates. 
All external communications have been implemented and
streamlined using the SWIFT ISO 15022 message suite for
corporate actions to ensure high straight-through
processing (STP) rates are achieved.

    With this new deployment of CheckFree eVent, HSS will
offer its clients post-trade securities processing,
including corporate actions automation, using two CheckFree
solutions that leverage a common architecture.  HSS is
already supported by the CheckFree TradeFlow(TM) solution
for trade confirmation and settlement.

    Alex Powell, global chief operating officer of HSBC
Securities Services, said: "The automation of
corporate actions is a notoriously difficult problem to
solve, which is why we engaged CheckFree's specialized
knowledge and solutions to assist us with this project.  A
key selection criteria was the overall flexibility and
scalability of CheckFree eVent, as well as its proven
technology.  CheckFree eVent enables us to cater to the
fast changing requirements of our clients in the key
corporate actions arena."

    CheckFree is a global leader in providing robust and
scalable solutions for corporate actions processing,
transaction process management, and reconciliation and
exception management within the financial markets industry.
 CheckFree has achieved this leadership position by
delivering solutions that maximize efficiency, enabling
organizations to benefit from automation using industry
standard protocols such as ISO 15022 and ISO 20022.

    "HSBC Securities Services' selection of CheckFree
eVent is testament to the strength of our corporate actions
processing solution," said Preston Hoffman, senior vice
president and general manager, CheckFree Software. 
"With this new endorsement from HSBC Securities
Services, we have further improved our market leading
position and extended our strategic relationship with this
major client.  We look forward to a long lasting and
fruitful partnership with HSBC."

    Widely recognized for its premium service quality, HSS
won a number of service awards in 2006, including
"Best Outsource Provider" at the FSmetrics
Securities Industry Awards which recognizes the highest
level of 
straight-through processing in the industry.

    CheckFree's Applied Operational Intelligence(SM)
approach helps clients drive profitability and performance
by combining innovative software, proven expertise and
operational intelligence.  The Applied Operational
Intelligence approach channels valuable business
intelligence back to the business through CheckFree's
innovative solutions, industry expertise, collaborative
partnership approach, and core competencies of
reconciliation, exception management, transaction process
management, corporate actions processing, payments
processing, risk management and compliance.

    About CheckFree eVent

    Based on workflow technology, CheckFree eVent automates
the routing of corporate actions messages to the right
person for action at the appropriate stage in the
lifecycle.  Together with its comprehensive alert and
escalation facilities, this ensures that events are
responded to in an efficient and timely manner.  CheckFree
eVent reduces the risk of errors and provides valuable
proof of compliance with audit and archive facilities. 
Powerful management information tools assist in the
identification of bottlenecks and peaks, allowing you to
stay in control, concentrate on exceptions and improve
service quality.

    SWIFTReady accredited, CheckFree eVent is built on the
same financial messaging platform as the SWIFTReady Gold
accredited CheckFree TradeFlow solution.  CheckFree eVent
has achieved the 2006 B.I.S.S. Gold Accreditation for
Corporate Actions Systems for four consecutive years.  This
designation, along with the SWIFTReady accreditation for
Corporate Actions for three consecutive years, further
demonstrates CheckFree's strong commitment to technology
leadership in the corporate actions space.  For more
information about CheckFree eVent and other products visit
http://www.checkfreesoftware.com .

    About HSBC Securities Services ( http://www.hsbcnet.com
)

    HSBC Securities Services (HSS) is a division within
Global Transaction Banking, part of the HSBC Group.  HSS
provides comprehensive global, regional and domestic
custody services as well as cash management; foreign
exchange; securities lending; corporate trusteeship; issue
and paying agency services; alternative investment funds;
and trustee and depositary services.  HSS also offers a
full range of investment administration and performance
consulting services to institutional and corporate clients
worldwide.  HSS's global assets under custody were reported
as US$ 4.33 trillion at 30 September 2006. Global assets
under administration totaled US$ 1 trillion at 30 September
2006. 

    HSBC Holdings plc

    HSBC Holdings plc (HSBC) serves over 125 million
customers worldwide through some 9,500 offices in 76
countries and territories in Europe, the Asia-Pacific
region, the Americas, the Middle East and Africa.  With
assets of US$1,738 billion at 30 June 2006, HSBC is one of
the world's largest banking and financial services
organisations. HSBC is marketed worldwide as 'the world's
local bank'. 

    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 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 $1.5 trillion in
assets.  CheckFree Software develops, markets and supports
payment processing solutions that are used by financial
institutions to process more than two-thirds of the 14
billion Automated Clearing House transactions in the United
States, and supports reconciliation, exception management,
risk management, transaction process management, corporate
actions processing, and compliance within thousands of
organizations worldwide.

    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) and Form
10-Q for the quarter ended September 30, 2006 (filed
November 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.

    For more information, please contact:

    Media:
     Ruth Brown 
     Metia Ltd.
     Tel:   [phone]
     Email: [e-mail]

    Media relations: 
     Judy DeRango Wicks
     Tel:   [phone]
     Email: [e-mail]

    Investor relations:       
     Tina Moore
     Tel:   [phone]
     Email: [e-mail]


SOURCE  CheckFree Corporation