1. Moderator: Pascal Burg, Director, Edgar Dunn and Company Panelist: Roy Vella, Director, Merchant Services, PayPal, Inc. George Eubank, Director, CheckFree Martijn Hovinga, CEO, BilltoBill Scot Bealer, Vice President, Worldwide Sales, UATP Session 3: Next Generation Payment Models Sponsored by

2. 2 Who is CheckFree Corporation? www.checkfreecorp.com CheckFree was founded in 1981 and is celebrating it’s 25 th year in e-commerce – (NASDAQ:CKFR) Directly process over a Billion transactions and deliver almost 200 million e-bills per year Monitored by the Securities and Exchange Commission and the Federal Reserve #1 in ACH – More than two-thirds of the nation's 12 billion Automated Clearing House (ACH) payments are processed each year through CheckFree’s systems and software #1 in EBP – More than 780 sites are now live with full electronic billing and payment services provided by CheckFree –Relationships with most of the nation’s leading financial institutions, billers and retailers

3. 3 CheckFree Payment for Online Travel Alternative payment method – why limit the ways in which customers can pay you? Helps direct more consumers to your lowest cost distribution channel – the web Network of over 10 million consumers growing by approximately 400,000/month at MyCheckFree.com ID/password based – no financial information needs to be passed over the web or stored by you Reduced risk with CheckFree’s proprietary “Post-third Day” (P3D) processing with account confirmation Save 50% or more on your transaction costs over traditional credit cards

4. 4 Keys to a Success Promotion, Promotion, Promotion –Link to your site via MyCheckFree.com homepage – over 2 million unique visitors every week –Targeted email campaigns –Banner ad at airline site –Messaging in flight confirmation email –Miles for use –What has worked in the past? And Finally….Promotion

5. 5 Why Promote? Credit Card Transaction Ticket Cost$300 Fees @ 2.5%$7.50 CheckFree Transaction Ticket Cost$300 Fees @ 1.6%$4.80 Total Savings per ticket = $2.70