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 CheckFree Board Approves Stock Repurchase Program
Approval set for repurchase of up to 1.5 million shares over one-year period

         ATLANTA (September 9, 1999) CheckFree Holdings Corporation
(NASDAQ:CKFR) today announced its Board of Directors has approved a proposal
that allows the Company to repurchase up to 1.5 million shares of its Common
Stock, $.01 par value, through September 9, 1999.

The Board approved the repurchase of shares through or with brokers and dealers,
or in negotiated private transactions with shareholders, as approved by
management. The repurchased shares can be held as treasury shares or retired.

Founded in 1981, CheckFree Corporation, 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.