THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

CheckFree Corporation (CKFR)

9/27/2005 Proxy Information

Mr. Levin, Vice President of Microsoft CorporationÕs Office Business Applications group, serves on our board of directors. On September 1, 2000, we acquired TransPoint from Microsoft, First Data Corporation and Citibank, N.A. in exchange for 17 million shares of our common stock. As part of the TransPoint acquisition, Microsoft received 8,567,250 shares of our common stock. Pursuant to the terms of the TransPoint acquisition, Microsoft was entitled to nominate one director to our board for such time as they own at least 6,425,438 shares of our common stock. As of June 30, 2005, Microsoft continued to own 8,567,250 shares of our common stock.

In addition, we entered into a commercial alliance agreement with Microsoft as part of the TransPoint acquisition. Under the terms of the commercial alliance agreement, Microsoft, among other things, agreed to use us exclusively for all pay anyone and bill presentment services offered by Microsoft, subject to various exceptions for types of services not available from us and the provision of technology in various circumstances related to MicrosoftÕs current business and product lines. The commercial alliance agreement also provided for a minimum fee and revenue guarantee to us of $120.0 million over the five year term of the agreement. During fiscal 2005, we earned $33.0 million of revenue from Microsoft in connection with the commercial alliance agreement.

In April 2004, we entered into a written agreement with Microsoft for the purchase of Windows Server, SQL Server and Microsoft Developer Network software licenses and related engineering consulting services. The agreement requires a minimum purchase by us of approximately $292,000, $67,000 and $67,000 in software licenses during the first, second and third years of the agreement, respectively. The agreement also requires us to purchase a minimum of $213,500, $182,000 and $105,500 in engineering consulting services during the first, second and third years of the agreement, respectively. We paid the minimum commitment amounts for the software licenses and consulting services for the second year of the contract during fiscal 2005.

In addition, during fiscal 2005, we incurred $1,696,068 of expense for other Microsoft software user licenses and related services.

Transactions between Bank of America and CheckFree Corporation

On September 28, 2000, we consummated a strategic alliance agreement with Bank of America whereby we acquired certain of Bank of AmericaÕs electronic billing and payment assets and agreed to provide electronic billing and payment services to Bank of AmericaÕs customers over the next ten years. Under the terms of the strategic alliance agreement, Bank of America received $35.0 million in cash, 10 million shares of our common stock and warrants to acquire up to an additional 10 million shares of our common stock. In connection with a December 2003 modification of the terms of our strategic alliance agreement with Bank of America, the amount of shares available under the warrants was reduced to five million. Such warrants vest in stages based on achievement of performance targets under the strategic alliance agreement. To date, none of the warrants received by Bank of America pursuant to the strategic alliance agreement are vested or exercisable. Bank of America also owns warrants to acquire up to an additional 450,000 shares of our common stock through its interest in Integrion Financial Network, L.L.C., an entity with which we entered into a strategic agreement in 1997. These warrants are fully vested and exercisable. During fiscal 2004, we earned approximately $134.5 million from Bank of America from a combination of electronic bill payment services, software licenses, maintenance, and related customization and implementation services. Bank of America filed an amended Schedule 13G on September 7, 2005 for the year ending December 31, 2004, noting that it beneficially owns less than 5% of our common stock.

Miscellaneous

Curtis A. Loveland, our Secretary, is a partner in the law firm of Porter, Wright, Morris & Arthur LLP, which firm provides us with legal services. Mr. Loveland owns less than 1% of our outstanding common stock.

9/24/2004 Proxy Information

Mr. Levin, Vice President of Microsoft CorporationÕs Business Intelligence Applications group, serves on our board of directors. On September 1, 2000, we acquired TransPoint from Microsoft, First Data Corporation, and Citibank, N.A. in exchange for 17 million shares of our common stock. As part of the TransPoint acquisition, Microsoft received 8,567,250 shares of our common stock. Pursuant to the terms of the TransPoint acquisition, Microsoft was entitled to nominate one director to our board for such time as they own at least 6,425,438 shares of our common stock. As of June 30, 2004, Microsoft continued to own 8,567,250 shares of our common stock.

In addition, we entered into a commercial alliance agreement with Microsoft as part of the TransPoint acquisition. Under the terms of the commercial alliance agreement, Microsoft, among other things, agreed to use us exclusively for all pay anyone and bill presentment services offered by Microsoft, subject to various exceptions for types of services not available from us and the provision of technology in various circumstances related to MicrosoftÕs current business and product lines. The commercial alliance agreement also provided for a minimum fee and revenue guarantee to us of $120 million over the five year term of the agreement. During fiscal 2004, we earned $27 million of revenue from Microsoft in connection with the commercial alliance agreement.

In April 2004, we entered into a written agreement with Microsoft for the purchase of Windows Server, SQL Server and Microsoft Developer Network software licenses and related engineering consulting services. The agreement requires a minimum purchase by us of approximately $292,000, $67,000 and $67,000 in software licenses during the first, second and third years of the agreement, respectively. The agreement also requires us to purchase a minimum of $213,500, $182,000 and $105,500 in engineering consulting services during the first, second and third years of the agreement, respectively. We paid the minimum commitment amounts for the software licenses and consulting services for the first year of the contract during fiscal 2004.

In addition, during fiscal 2004, we incurred $645,713 of expense for other Microsoft software user licenses and related services.

Transactions between Bank of America and CheckFree

On September 28, 2000, we consummated a strategic alliance agreement with Bank of America whereby we acquired certain of Bank of AmericaÕs electronic billing and payment assets and agreed to provide electronic billing and payment services to Bank of AmericaÕs customers over the next ten years. Under the terms of the strategic alliance agreement, Bank of America received $35.0 million in cash, 10 million shares of our common stock and warrants to acquire up to an additional 10 million shares of our common stock. In connection with a December 2003 modification of the terms of our strategic alliance agreement with Bank of America, the amount of shares available under the warrants was reduced to five million. Such warrants vest in stages based on achievement of performance targets under the strategic alliance agreement. To date, none of the warrants received by Bank of America pursuant to the strategic alliance agreement are vested or exercisable. However, Bank of America also owns warrants to acquire up to an additional 450,000 shares of our common stock through its interest in Integrion Financial Network, L.L.C., an entity with which we entered into a strategic agreement in 1997. These warrants are fully vested and exercisable. Although Bank of America filed a Schedule 13G as of December 31, 2003 that reported its ownership of our outstanding common stock at over 5%, according to our transfer agentÕs records, we believe that Bank of AmericaÕs ownership interest as of August 31, 2004 was less than 5%.

During fiscal 2004, we earned approximately $119 million from Bank of America from a combination of electronic bill payment services, software licenses, maintenance, and related customization and implementation services.

Miscellaneous

Curtis A. Loveland, our Secretary, is a partner in the law firm of Porter, Wright, Morris & Arthur LLP, which firm provides us with legal services. Mr. Loveland owns less than 1% of our outstanding common stock.

9/29/2003 Proxy Information

Curtis A. Loveland, our Secretary, is a partner in the law firm of Porter, Wright, Morris & Arthur LLP, which firm provides us with legal services. Mr. Loveland owns less than 1% of our outstanding common stock.