CheckFree Corporation Completes Redemption of Subordinated Notes

CheckFree Corporation Completes Redemption of Subordinated Notes 


ATLANTA, Dec. 12  /PRNewswire-FirstCall/ -- CheckFree Corporation  announced
today that it has completed a call for redemption of its 6.5% Convertible
Subordinated Notes due 2006 (the "Notes"). The original $172.5 million principal
amount of the Notes was redeemed in cash. None of the holders of the Notes chose
to convert their Notes prior to the date of redemption.

About CheckFree ( http://www.checkfreecorp.com/ )

CheckFree (NASDAQ:CKFR) is the leading provider of financial electronic commerce
services and products. Founded in 1981 and celebrating its 23rd year in
e-commerce, CheckFree is comprised of three divisions: Electronic Commerce,
Software, and Investment Services. CheckFree launched the first fully integrated
electronic billing and payment solution in 1997. In the quarter ended September
30, 2003, more than 11 million consumers initiated online payments through
services offered by CheckFree's Electronic Commerce division. Electronic billing
and payment is available through more than a thousand financial services
organizations, including banks, brokerage firms, Internet portals and personal
financial management (PFM) software. At these sites, consumers are able to
electronically receive and pay about 300 bills, representing the bills most
common to a U.S. household. CheckFree delivers nearly 15 million e-bills each
quarter. CheckFree Investment Services provides a broad range of investment
management services to thousands of financial institutions nationwide. The
division's clients manage more than 1.3 million portfolios totaling more than
$700 billion in assets.

CheckFree's Software division provides solutions through three operating units:
CheckFree ACH Solutions, CheckFree Financial and Compliance Solutions (CFACS),
and CheckFree i-Solutions. CheckFree ACH Solutions provides software and
services that are used to process more than two-thirds of the nation's nine
billion Automated Clearing House payments, while CFACS provides reconciliation
and compliance software and services to more than 500 organizations in the
banking, brokerage, utility, retail, insurance and credit card industries, among
others. CheckFree i-Solutions is the leading provider of e-billing and
e-statement software and services for both business-to- consumer and
business-to-business applications, with more billers as clients than all of its
competitors have combined. 

DATASOURCE: CheckFree Corporation



CONTACT:  Media relations, Judy DeRango Wicks, [phone], or

, or Investor relations, Tina Moore, [phone], or

, both of CheckFree Corporation



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



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