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RDATE:09052007
ATLANTA and LONDON - CheckFree Corporation (Nasdaq: CKFR), has appointed Mark Cappell as senior vice president and managing director of its Operational Risk Management (ORM) business within the company's Software division. Cappell will be based in Wokingham, United Kingdom, and will report directly to Randy McCoy, executive vice president of CheckFree Corporation and general manager of the company's Software division.
Cappell has more than 20 years of experience working in financial services and technology companies. He joins CheckFree from Charles River Development, where he was managing director for its Europe, Middle East and Africa (EMEA) division. He has also worked as a managing director for SmartStream's United Kingdom and European operations, where he was responsible for sales, marketing and professional services. Cappell has also held senior-level trading and sales positions at Merrill Lynch, Midland Bank and Bank of America.
CheckFree is a global leader in operational risk management solutions.
The company provides an enterprise-wide, end-to-end system that enables its customers to quickly realize operating efficiencies, mitigate risk and facilitate compliance with new regulations such as the Sarbanes-Oxley Act and Basel II. With the market-leading solution for reconciliations, exception management, workflow and business intelligence, CheckFree enables banks, securities firms, insurance companies and corporations to improve financial transaction management and control across the enterprise.
"Mark is a seasoned executive with broad experience in operational risk management solutions and he has the ability to expand our markets and product offerings in the United Kingdom, the United States and around the world," said McCoy. "Using CheckFree's Applied Operational IntelligenceSM approach, Mark and his team will continue to help our customers reduce costs, minimize exposure to risk and meet important compliance requirements."
CheckFree's Applied Operational Intelligence approach helps clients drive profitability and performance by combining innovative software, proven expertise and business intelligence. This approach is built on CheckFree's core competencies of reconciliation, exception management, transaction process management, corporate actions processing, payments processing, risk management and compliance. The Applied Operational Intelligence approach is expressly designed to manage risk and efficiency, while leveraging business intelligence to achieve measurable return on investment.
CheckFree's operational risk management solutions include CheckFree Accurate NXG(tm), CheckFree Frontier(tm) and CheckFree RECON-Plus(tm).
Cappell holds a bachelor's degree in political science from San Diego State University in San Diego, California. He lives in Surrey, UK with his wife and three children.
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. 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), Form 10-Q for the quarter ended September 30, 2006 (filed November 8, 2006) and Form 10-Q for the quarter ended December 31, 2006 (filed February 8, 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.
CONTACT: Judy DeRango, Wicks
Tel: +1 678 375 1595
e-mail: jdwicks@checkfree.com
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