ATLANTA – Shares in electronic payments giant CheckFree Corp. fell more than 7% yesterday to close at $35.35, after the company conceded an analyst’s report the company’s largest customer, Bank of America, may pull some of its business in-house. BofA's business accounted for $170 million, or 20% of CheckFree's fiscal 2006 revenue, with bill-pay services accounting for $150 million. Also weighing down the stock was the filing of a shareholders suit claiming the company filed false financial statements in order to prop up its share price last year. CheckFree recently completed the acquisition of Carekker Corp. for $180 million, and is in the process of acquiring Corillian Corp. for $250 million.
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