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, CheckFree Frontier and CheckFree RECON-Plus.

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.