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SCOUT Introduces Web Site Prototype to Locate Unclaimed Properties

 CheckFree to Develop and Operate National Database


ATLANTA, Aug. 31 /PRNewswire/ -- At its national conference in Denver today, the National Association of Unclaimed Property Administrators (NAUPA) introduced a prototype of its soon-to-be-launched SCOUT Web site. SCOUT, the State Clearinghouse of Unclaimed Treasures, is an affiliate of NAUPA, and has been working with Atlanta-based CheckFree Corporation (Nasdaq: CKFR) to develop a central database for states to list unclaimed properties records. The database will be accessible by several means, including telephone/VRU, fax, mail, e-mail and through the World Wide Web site, www.freemoneyusa.com, which will be available in early 1999.

In April 1998, NAUPA announced its plans to develop and operate the National Unclaimed Property Database, a database that will provide a new, easy way for the public to gain access to information on unclaimed property nationwide. That same month, as the result of NAUPA state representatives' efforts to develop a "one-stop shop" for consumers to locate unclaimed property, SCOUT was formed. Now, states can pool their resources into a single database and cooperatively market the SCOUT database and Web site throughout the United States.

Also in April, NAUPA selected CheckFree to develop and operate the national database and Web site. Participating states will be able to provide records directly to CheckFree's central database.

SCOUT board members include NAUPA state administrators from Colorado, Florida, Louisiana, Massachusetts, North Carolina and Wisconsin. In introducing the Web site prototype at its national convention, NAUPA hopes to draw other states' interest in participating.

"We're very pleased with what we've been able to accomplish in just a few months," said SCOUT Chairman Peter DeVries. "Now, we want to invite other NAUPA administrators to share in our accomplishment by listing their state's unclaimed property information on the national database and 'freemoneyusa' Web site."

The SCOUT project will offer consumers the ability to search all states simultaneously, instead of state by state. This increases the probability of locating any unclaimed property that they may have a right to claim.

"There's a tremendous amount of valuable property that goes unclaimed each year," added CheckFree Software Senior Vice President Frank J. Amoruso. "We hope to provide consumers with an easy way to locate this property by providing them a single place to visit and search for what may legally be theirs."

About SCOUT

SCOUT is an affiliate of The National Association of Unclaimed Property Administrators. (NAUPA). It will eventually include in its membership all states that participate in this joint venture to share data on a common Web site. It has a Board of Directors who are guiding its initial steps to becoming an active entity. The Board members were appointed by the NAUPA President and include administrators from Colorado, Florida, Louisiana, Massachusetts, North Carolina and Wisconsin.

About NAUPA, Inc.

NAUPA is a non-profit organization composed of unclaimed property administrators from the 50 states and the District of Columbia. NAUPA was established to enhance and improve the performance of the administration of Unclaimed Property programs. NAUPA is dedicated to increasing public awareness of the role the states play in protecting the property of missing owners, locating the rightful owners and returning their assets. NAUPA provides a forum for continuing discussions on interstate cooperation, education, training opportunities and the promotion of uniform laws, rules and procedures.

About CheckFree

Founded in 1981, CheckFree Corporation (www.checkfree.com), the operating subsidiary of CheckFree Holdings, Inc., is the leading provider of financial electronic commerce services, software and related products for more than 2.4 million consumers, 1,000 businesses and 850 financial institutions. CheckFree designs, develops and markets services that enable its customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure financial transactions on the Internet.

SOURCE National Association of Unclaimed Property Administrators
 -0- 08/31/98


/CONTACT: Media: Peter DeVries, SCOUT, 850-922-1544 email: pete_devries@mail.dbf.state.fl.us or Laurinda Wilson, CheckFree 770-840-1608 or email: lwilson@checkfree.com/

/Web site: http://www.checkfree.com/

(CKFR)

CO: National Association of Unclaimed Property Administrators; CheckFree

Corporation ST: Colorado, Georgia IN: MLM SU: PDT

KS -- ATM029 -- 4015 08/31/98 08:27 EDT http://www.prnewswire.com
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Date:Aug 31, 1998
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