CheckFree Delivers WebPay for Small Business.

Business Editors

ATLANTA--(BUSINESS WIRE)--Nov. 29, 2000

CheckFree financial services partners can now offer small business

clients online bill payment and "pay everyone" capabilities

CheckFree (NASDAQ: CKFR) today announced its new CheckFree WebPay for Small Business service that enables CheckFree financial services partners to deliver electronic bill payment services that are optimized for their base of small business customers.

The new service provides the functionality small businesses need to let them quickly and securely pay all of their bills online.

By enrolling in CheckFree WebPay for Small Business, customers can simply click to approve their bills for payment and determine when the bills will be paid, dramatically reducing the time spent paying bills each month. The amount of the bill is then deducted from the customer's designated bank account. Additionally, registered businesses will also be able to view past bill payment history on their computer for future reference. Small business customers will also be able to download payment information into accounting packages such as Intuit's QuickBooks, Quicken and Microsoft Money. This will allow for easy bookkeeping further benefiting small businesses.

"Millions of consumers have enjoyed the benefits of paying bills online. Similarly, many small business owners can now leverage electronic bill pay as a way to streamline their accounts payable," said Randy McCoy, executive vice president of product development at CheckFree. "Our financial services partners have been the brand of choice for delivering these services to consumers. With CheckFree WebPay for Small Business, these same partners can extend the service to their small business customers."

Financial Services Partners Grow Small Business Relationships Online

According to Meridien Research, small businesses spend approximately US$40 billion annually on financial services. This spending is expected to increase 30 percent to reach US$61 billion by 2002. By delivering CheckFree's WebPay for Small Business under their online brands, CheckFree financial services partners can build business and personal e-commerce relationships with existing small business owners. By offering value-added transactional capabilities like bill payment as part of their small business services, financial services firms can increase revenue through a key growth segment not targeted by traditional cash management services. In addition, these companies can capitalize on continued growth in the number of both consumers and small businesses that leverage the Internet to better manage their finances.

Zions Bank will be testing the new service as a Beta financial services company.

Service Offers Billers a New E-Bill Channel to Reach Small Business Customers

In addition, billers will be able to deliver electronic bills and statements to their small business customers. These companies can reach out to their small business customers in a more interactive nature through customized electronic bills and statements delivered through a financial services company. Electronic billing and payment has enabled organizations to streamline billing process and improve customer communications. The ability to deliver electronic bills to small businesses allows companies to extend the convenience of the service to an ever growing segment of their customer base.

WebPay for Small Business Features

CheckFree WebPay for Small Business is built on a third generation, proven user interface, CheckFree Web Billing and Payment 3.1, and close to 20 years of payment experience. In addition, the new solution offers additional features such as:

      --  Key Business Payment Fields - Extended payment information
        such as invoice number, invoice amount, check number, discount
        amount and adjustment amount is available for "pay everyone"
        capability.

      --  Customizable User Interface - Customizable front-end
        capabilities allow financial services companies to brand the
        user interface with their small business look and feel to
        present a seamless online banking experience.

      --  Receive Electronic Bills - With the new service, small
        businesses can begin receiving bills electronically from
        companies such as utilities, telecommunications, etc. and
        schedule payments online.

      --  Improved record capability - Small businesses can export their
        billing history and integrate with accounting systems, such as
        QuickBooks, Quicken, or Money.

About CheckFree

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.

Certain of the Company's statements in this press release are not purely historical, and as such are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management's intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company's business, and other risks and uncertainties detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission, including Form 10-K for the year ended June 30, 2000 (filed September 26, 2000). One or more of these factors have affected, and could in the future affect, the Company's business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this document will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.