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Exhibit 99
CHECKFREE SHAREHOLDERS APPROVE INCREASED NUMBER OF SHARES AND OPTIONS
ATLANTA -- (November 2, 2000) -- CheckFree Corporation (NASDAQ:CKFR) today
announced that at its annual meeting held November 1, 2000 its shareholders
voted to approve two resolutions proposed by the Company's Board of Directors,
and voted to re-elect Eugene F. Quinn and Mark A. Johnson to the board. The
approved measures increase the Company's authorized shares from 165 million to
550 million, and increase the number of shares issuable upon exercise of stock
options from eight million to twelve million.
ABOUT CHECKFREE
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CheckFree (www.checkfree.com) is the leading provider of financial electronic
commerce services and products. Founded in 1981, CheckFree launched the first
fully integrated electronic billing and payment solution in 1997. Today,
CheckFree enables 4.1 million consumers to receive and pay bills electronically.
The company has multi-year contracts with 210 of the nation's top billers to
provide online billing and payment through nearly 250 consumer service providers
(CSPs), including banks, brokerage firms, Internet portals and content sites and
personal financial management (PFM) software. CheckFree's Software Services
division provides solutions that are used to process more than two-thirds of the
nation's six billion Automated Clearing House payments, and reconciliation
products and services to 400 banks and businesses. Also within the Software
Services division is CheckFree i-Solutions, which enables billers to create
electronic billing and payment applications that transform bills and statements
into interactive conduits for customer relationship management, marketing and
customer self service. CheckFree's Investment Services provides a broad range of
investment management services to thousands of financial institutions
nationwide. The division's clients manage more than 1,000,000 portfolios
totaling more than $500 billion in assets.
