CheckFree Streamlines Reconciliation Processing for Absolute Poker as Growth in Online Gaming Drives Need for Tighter Operational Control

ATLANTA and LONDON, March 23 /PRNewswire-FirstCall/ -- CheckFree
(Nasdaq: CKFR), today announced that Absolute Poker, the world's fourth
largest online poker destination, has selected CheckFree's Operational Risk
Management solution, Accurate NXG. In response to the growth in online gaming
and the company's expansion into new markets, Absolute Poker will use
CheckFree's Accurate NXG to automate its reconciliation and exception
management procedures in order to mitigate transactional risk and tighten its
operational controls.
CheckFree's Accurate NXG will provide an enterprise-wide reconciliation
and exception management framework and a business intelligence Dashboard
reporting solution, enabling Absolute Poker to better address rapidly
increasing volumes of online transactions.
In a multi-phased implementation, CheckFree's Operational Risk Management
solution will firstly be deployed in Absolute Poker's operations in Costa Rica
in the first quarter of 2006, replacing semi-automated in-house
reconciliation, exception management and payment analysis processes. As its
volume of online transactions soared, Absolute Poker saw a need for tighter
operational control and was keen to reduce transactional risk in its online
sales channels. By automating the end-to-end transaction processing of
payments from inception to final resolution through a single reconciliation
platform, CheckFree's Accurate NXG will decrease processing time considerably
whilst reducing costs and Absolute Poker's potential exposure to operational
risk.
Absolute Poker's senior finance and operations management executives will
be equipped with CheckFree's Accurate NXG business intelligence Dashboard
technology which provides enhanced management information reporting. In the
first phase of the implementation, the Dashboard will be used across Absolute
Poker's payment channels, enabling monitoring of trends and cash flows
relating to multi-currency deposits and withdrawals.
CheckFree's considerable domain expertise in the gaming industry has
enabled it to further develop its Dashboard technology to give customers an
extra level of sophistication and transparency in their reporting processes.
In phase two of the deployment, Absolute Poker will leverage the Dashboard
further to analyse cash flows and perform behavioural analysis. As the
relationship continues, Absolute Poker envisages that CheckFree's Accurate NXG
Dashboard will become a vital component in its fraud prevention strategy,
enabling senior management to analyse and monitor fraudulent behaviour and
prevent loss, complementing its existing security features.
"With our rapid expansion outside of our domestic market has come the need
to build an effective reconciliation and exception management framework, that
enables us to maintain stringent operational control across our organisation,"
said Brent Beckley, Director of Payments and Risk Management for Absolute
Poker. "CheckFree's strong client base and reputation in the gaming industry
made the firm the obvious choice to help us to effectively develop our
existing operational control infrastructure. As we look to strengthen our
fraud prevention and security services further, CheckFree's Dashboard
technology will form a key part of this strategy."
Since its creation in 2003, Absolute Poker has seen experienced
exponential growth year on year, counting nearly two million active accounts
with 25,000 users at peak times. The site is currently available in English
and Spanish, and is accessed mainly by customers in the Americas. Absolute
Poker currently handles transactions through leading payments service
providers, including VISA, MasterCard, Switch, Solo, Maestro and Electron as
well as with payment service specialists such as NETeller, Moneybookers,
Firepay, Click2Pay, and Nexum.
Peter Jameson, business development manager, Gaming and Leisure at
CheckFree said, "Absolute Poker's choice of CheckFree's Accurate NXG
demonstrates that our solution is both scalable and flexible enough to support
business growth in new markets. CheckFree has a deep understanding of the
challenges faced by both domestic and global online gaming companies and as a
result continues to build unrivalled solutions that can potentially reduce
operational risk across the enterprise. Furthermore, the experience gained
from our customers will ensure that new technology, such as our business
intelligence Dashboard, meets the needs of the industry while offering
outstanding business value."

About Absolute Poker (http://www.absolutepoker.com)
AbsolutePoker.com is the world's fourth largest online poker destination,
offering worldwide access to multi-player online games 24 hours a day, seven
days a week. Driven by proprietary software, AbsolutePoker.com offers the most
comprehensive, interactive online poker room, providing such features as hand
history and stat retrieval, player note taking and chat, locate a player,
three-table play, and representative image selection. Multi-player games
offered include: Texas Hold'em, Omaha High, Omaha Hi/Lo, Seven Card Stud,
Seven Card Stud Hi/Lo, One on One, and Tournaments. Established in 2003,
AbsolutePoker.com is licensed and regulated in Canada.

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 $1.3 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 12 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 CheckFree'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 CheckFree's
business, and other risks and uncertainties detailed from time to time in
CheckFree's periodic reports filed with the Securities and Exchange
Commission, including CheckFree's Annual Report on Form 10-K for the year
ended June 30, 2005 (filed September 2, 2005), Form 10-Q for the quarter ended
September 30, 2005 (filed November 8, 2005) and Form 10-Q for the quarter
ended December 31, 2005 (filed February 8, 2006). One or more of these factors
have affected, and could in the future affect CheckFree'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 CheckFree, or any other person, that the
objectives and plans of CheckFree will be achieved. All forward-looking
statements made in this press release are based on information presently
available to management, and CheckFree assumes no obligation to update any
forward-looking statements.

Press Release, CheckFree Corporation - www.checkfreecorp.com - 2006-03-24 02:57:13