CheckFree Appoints David Lapioli VP of Development for EPL Platform

Atlanta / New York - 19 June 2007

CheckFree Corporation (Nasdaq: CKFR) today announced that it has appointed David Lapioli as vice president of product development within the company’s Investment Services division. Lapioli brings more than 20 years of experience to the role of managing the ongoing development, implementation and migration protocols for CheckFree EPLSM. He will also oversee the CheckFree EPL quality assurance, software development and engineering, and technology groups. He was most recently with Vanguard as a department head in the Information Technology division.

Lapioli has extensive experience in advanced systems development and support with an emphasis in applied technology architecture and business process improvements. He has a proven, cross-industry track record in all aspects of project lifecycle management ranging from strategic business technology planning to business case development and implementation. In his most recent role at Vanguard, Lapioli was responsible for the complete enterprise data model across all business and IT areas. He managed multiple technology teams and directed strategic planning, system architecture definition, implementation and IT governance. He delivered business technology solutions for Vanguard’s retail and institutional clients.

Prior to Vanguard, Lapioli held several positions at General Electric/Lockheed Martin, including project manager and senior staff engineer in cross functional rotations that included systems development and integration, program management and business development for multi-million dollar initiatives. He also served as a systems analysis engineer at Pratt & Whitney, where he developed simulations for NASA space shuttle main engine and advanced launch systems rocket engines to determine design performance.

“David’s exceptional background will prove invaluable as we continue to develop CheckFree EPL into the premier platform for the investment management and wealth management industry,” said Mike Gianoni, executive vice president and general manager of CheckFree Investment Services. “Our recent acquisition of Upstream Technologies and appointment of key executives such as David demonstrate our ongoing commitment to investing in both our people and solutions. As CheckFree continues to set the standard for the investment management and wealth management industry, the progress and success of the EPL platform will ensure we continue to deliver best-in-class services to the market.”

Lapioli earned a master’s degree in business administration from Saint Joseph’s University and bachelor’s and master’s degrees in aerospace engineering from Penn State University.

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