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CheckFree Closes Acquisition of Upstream Technologies LLC

ATLANTA, May 31 /PRNewswire-FirstCall/ -- CheckFree Corporation (Nasdaq: CKFR) today announced that it has completed its acquisition of substantially all of the assets of Upstream Technologies LLC, a Boston-based provider of advanced investment decision support and trade order management tools. The business will be integrated with the company's Investment Services Division, which provides the market-leading platform for the managed accounts industry, and is headquartered in Jersey City, N.J.

About CheckFree (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 $1.8 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 (paragraph 1). Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company's business, its ability to successfully integrate acquired companies 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), Form 10-Q for the quarter ended September 30, 2006 (filed November 8, 2006), Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 2007) and Form 10-Q for the quarter ended March 31, 2007 (filed May 10, 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.

SOURCE  CheckFree Corporation
    -0-                             05/31/2007
    /CONTACT: Judy DeRango Wicks, +1-678-375-1595, jdwicks@checkfree.com, or
Investor Relations, Tina Moore, +1-678-375-1278, tmoore@checkfree.com, both of
CheckFree Corporation /
    /Web site:  http://www.checkfreecorp.com /
    (CKFR)

CO:  CheckFree Corporation; Upstream Technologies LLC
ST:  Georgia
IN:  FIN CPR STW
SU:  TNM

TC-BS
-- CLTH013 --
7836 05/31/2007 17:17 EDT http://www.prnewswire.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Fiserv, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.