Property Management Software

Members Who Receive and Pay Bills Online Experience Increased Convenience, Security and Control Over Personal Finances -- ATLANTA and SEATTLE, Oct. 31 /PRNewswire-FirstCall/ -- CheckFree Corporation today announced a multi-year contract extension with BECU, the largest credit union in Washington and one of the top 10 financial cooperatives in the country, to provide electronic billing and payment services to BECU`s members. BECU`s electronic billing and payment service is free for credit union members and has been made available through its technology relationship with CheckFree for the past eight years. The extension means that BECU members will continue to enjoy the same level of convenience, control and security when receiving and paying bills online.

BECU`s Bill Payment is an easy and secure way for members to manage and organize their finances, save time, and ensure on-time payments, which helps protect credit scores. A 2005 Identity Fraud Survey Report from Javelin Strategy & Research concludes that using online banking and bill payment services, and replacing paper bills with electronic bills and statements, is one of the best things consumers can do to protect themselves from identity fraud. CheckFree e-Bill(SM) offers a greater level of protection than paper bills, since they are secured at encrypted, password-secured websites backed by a consumer`s financial institution of choice.

"Behind the scenes, CheckFree provides BECU members with a safe and easy way to manage their monthly bills with industry-leading technology and quality," said Gary Fee, Director of Product and Delivery Channel Management of BECU. "We are proud to collaborate with a company like CheckFree, who has a history of innovation and of working to deliver a high quality financial infrastructure to its partners and their customers."

Members using BECU`s free Bill Payment service can take advantage of numerous features and benefits including:

- Safe and reliable -- BECU Bill Payment is secure, backed by the highest level of encryption available. Additionally, unlike paper payments, the CheckFree Guarantee protects credit union members who pay their bills electronically against late fees resulting from processing delays, as well as liability for unauthorized transactions.

- Increased financial control -- Members can schedule automatic payments of recurring bills, such as rent, mortgage or car loans, to be made on the same date each month. When adding electronic billers, members can instruct BECU to pay a bill automatically as long as the amount due is below a set dollar amount and arrange for bill reminders via e-mail.

- Improved organization -- By receiving e-Bills instead of paper bills, members can eliminate clutter and keep records organized. e-Bills contain the same information as paper bills and can be printed easily if needed. In addition, a consumer`s bill payment history is stored online for six months and is available offline for up to seven years.

BECU members can receive e-Bills from a variety of national and regional companies. By using a consolidated site, such as BECU Bill Payment, members are able to manage and organize more of their finances in one streamlined place. According to a March 2005 survey by The Marketing Workshop, Inc. and Harris Interactive, sponsored by CheckFree, consumers who view and pay bills at a consolidated site benefit from reminders that help them protect their credit scores by paying on time, and report that the service saves them time and improves organization.

"By offering Bill Payment free-of-charge, BECU demonstrates its dedication to providing its members with access to the tools that will help them take control of and maximize their finances," said Jeff Weikert, senior vice president and consumer service provider channel executive at CheckFree. "CheckFree shares in that commitment and looks forward to continuing this long-standing relationship with BECU and its members."

With more than 415,000 members and more than $5.6 billion in assets, BECU is the largest credit union in Washington and one of the top ten largest financial cooperatives in the country. All Washington state residents are eligible to join BECU.

About CheckFree (http://www.checkfreecorp.com/)

Founded in 1981, CheckFree Corporation 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 more than $1.2 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 ACH 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). 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.