Decillion and C&H Technology to distribute CheckFree's Recon-plus in APAC

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CheckFree Software, a division of CheckFree Corporation (Nasdaq: CKFR), today announced the signing of expanded business partner relationships with the Singapore-based division of Decillion, an international banking IT supplier and SWIFT specialist, and C&H Technology Corporation, one of Taiwan's foremost systems integrators.

These new agreements extend CheckFree's international reach to bring CheckFree Software's RECON-Plus Frontier enterprise-wide reconciliation solution into banking back offices across the region from China and Taiwan to Australia.

CheckFree RECON-Plus Frontier is a browser-based, real-time reconciliation solution that provides comprehensive, automated reconciliation workflow for banks, insurance firms, broker/dealers, government entities and corporations. When automated at the enterprise level and integrated with relevant legacy systems, the centralised design of RECON-Plus Frontier provides real-time decision-supporting data. It increases the speed and accuracy of the transaction settlement process while decreasing overhead, minimising risk and supporting evolving customer services.

CheckFree is also the sole supplier of character-based language-enabled electronic billing and payment software in production today in Taiwan, via a pre-existing partnership with C&H Technology using CheckFree i-Series software. By broadening its use of the CheckFree Software product set, C&H Technology's strategy is to provide comprehensive solutions to online banks in Taiwan and China that integrate front-end electronic billing with back-office payment reconciliation systems. "CheckFree delivers solutions that are targeted to local cultures and languages, which reflects the company's experience in the international marketplace," said Tony Chen, president of C&H Technology. "CheckFree also has the ability to adapt to different business segments and technology requirements across the markets we serve."

Decillion, which has offices across the Asia-Pacific region including Singapore, Indonesia, Malaysia and Australia, has in-depth knowledge of the regional banking industry. As an official business partner of SWIFT, Decillion services over 100 banks and financial institutions in Southeast Asia. The company already has a track record of success with CheckFree's SWIFTReady financial messaging solutions (previously from HelioGraph). With the addition of CheckFree's enterprise-enabled reconciliation technology, Decillion can provide a powerful combination of products that supports end-to-end transaction settlement across multiple business lines and geographies across the Asia-Pacific region.

Thomas Lee, managing director of Decillion, comments: "CheckFree offers one of the most advanced sets of software solutions available to the banking industry, and its strong commitment to research and development ensures state of-the-art readiness and continued competitive advantage."

Sean Feeney, executive vice president and general manager, CheckFree Software, adds: "CheckFree has worked closely with both C&H Technology and Decillion for a number of years, and has found that each has the experience and market presence to help us further establish our next generation of reconciliation and financial services products in the Asia-Pacific region."

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