Baby Boomers Driving a New Industry Focus, CheckFree Launches Educational Series Focused on Challenges Today’s Retirees Face

Brookfield, Wis., September 22, 2008 (AllPayNews.com) — CheckFree, now part of Fiserv, Inc. (NASDAQ: FISV) and the leading platform provider for Separately Managed Accounts (SMAs) and Unified Managed Accounts (UMAs), released its first educational paper in a four-part series focused on helping the financial services industry meet the financial challenges that are ahead for baby boomers, the largest retiring generation the United States has ever seen. The white paper series, part of CheckFree’s continuing thought leadership program, is an in-depth look at the impact aging baby boomers are having and will continue to have on the financial industry’s product development and educational strategies and initiatives.

As a result of the $33 trillion in assets accumulated to date by boomers, the impending wave of retirements is driving a historic shift from asset accumulation to wealth preservation and income generation. General consensus is that to ensure a sufficient income replacement rate, or the percentage of pre-retirement income needed to finance a desired level of consumption in retirement, individuals will need a replacement rate of at least 70 percent of employment income in retirement. Financial advisors and asset managers realize that they need to offer their clients new products and services to provide a comfortable retirement income, while also allowing them to pass on their assets to their families.

The first paper, “Baby Boomers Driving a New Industry Focus: Moving from Accumulation to Asset Preservation and Income Generation,” explores the need to address a holistic approach to managing a client’s portfolio, which includes evaluating each retiree’s unique needs whether it be insufficient accumulated wealth, appropriate liquidity, insurance needs and/or education.

“The Baby Boomer generation makes up a large percentage of the portfolios our clients manage. This white paper series identifies and discusses potential obstacles the financial services industry may face as 78 million baby boomers approach and enter retirement,” said Cheryl Nash, senior vice president of strategic marketing and business development for CheckFree Investment Services, now part of Fiserv. “There is a large opportunity for advisors and wealth managers to meet the growing needs of this generation. With the help of technology, financial advisors and asset managers can be better poised to manage the retirement needs of the large population of boomers who are entering their retirement. ”

The CheckFree “Retirement Series” is a four-part series that will include the following White Papers:

BabyBoomers Driving a New Industry Focus
Unified Managed Account (UMA) for Retirement
Mutual Fund Advisory (MFA) for Retirement
Wealth Management Advisory Services
To download the Retirement Series White Papers please visit the CheckFree Investment Services website at www. checkfree-cis.com.

About Fiserv, Inc.

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com.

Fiserv Corporate Contact
Lori Stafford - Thomas
Fiserv, Inc.
Assistant Vice President, External Comm.
(262) 879-5130
lori.stafford@fiserv.com