The board of directors of electronic-payment services company
has approved the buyback of up to $100 million in shares of its common stock through Aug. 1, 2007, the company said.
In late October, the company
beat Wall Street estimates for its first-quarter earnings, but sales were shy of expectations.
Shares of Georgia-based CheckFree closed Monday's regular session up 12 cents to $38.76; after hours they rose 22 cents.