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                       SECURITIES AND EXCHANGE COMMISSION


                             WASHINGTON, D.C. 20549
                            ------------------------
                                    FORM 10-Q



                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
       ------------------------------------------------------------------



For the Quarter ended: June 30, 2000            Commission File Number 000-21685



                       INTELIDATA TECHNOLOGIES CORPORATION
             (Exact name of registrant as specified in its charter)

            DELAWARE                                                  54-1820617
      (State of incorporation)           (I.R.S. Employer Identification Number)

             11600 Sunrise Valley Drive, Suite 100, Reston, VA 20191
                    (Address of Principal Executive Offices)
                                 (703) 259-3000
                         (Registrant's telephone number)





Indicate by check mark whether the registrant (1) has filed all reports required
to be filed  by  Section  13 or 15 (d) of the  Securities  Exchange  Act of 1934
during the preceding 12 months (or for such shorter  period that the  registrant
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days.
Yes     X        No
    ---------

The number of shares of the  registrant's  Common Stock  outstanding on June 30,
2000 was 38,416,588.



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<PAGE>





                       INTELIDATA TECHNOLOGIES CORPORATION

                          QUARTERLY REPORT ON FORM 10-Q

                                TABLE OF CONTENTS



Page
PART I - FINANCIAL INFORMATION

    Item 1. Unaudited Condensed Consolidated Financial Statements

            Condensed Consolidated Balance Sheets
            June 30, 2000 and December 31, 1999 ............................   3

            Condensed Consolidated Statements of Operations
            Three and Six Months Ended June 30, 2000 and 1999 ..............   4

            Condensed Consolidated Statement of Changes in Stockholders' Equity
            Six Months Ended June 30, 2000..................................   5

            Condensed Consolidated Statements of Cash Flows
            Six Months Ended June 30, 2000 and 1999.........................   6

            Notes to Condensed Consolidated Financial Statements ...........   7

    Item 2. Management's Discussion and Analysis of Financial Condition
            and Results of Operations ......................................   9

    Item 3. Quantitive and Qualitative Disclosures About Market Risk........  16

    Item 4. Submission of Matters to a Vote of Security Holders.............  17

PART II - OTHER INFORMATION


    Item 6. Exhibits and Reports on Form 8-K................................  17


SIGNATURES       ...........................................................  18

<PAGE>



PART I:  FINANCIAL INFORMATION
ITEM 1:  FINANCIAL STATEMENTS

                       INTELIDATA TECHNOLOGIES CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2000 AND DECEMBER 31, 1999
                  (in thousands, except share data; unaudited)

                                                             2000         1999
                                                          ----------   ---------

ASSETS
  CURRENT ASSETS
     Cash and cash equivalents                            $  18,268    $  8,496
     Restricted cash                                            440          --
     Investments                                             33,456          --
     Accounts receivable, net of allowance                    1,814       1,924
          for doubtful accounts
     Prepaid expenses and other current assets                  182         138
                                                          ----------   ---------
         Total current assets                                54,160      10,558

  NONCURRENT ASSETS
     Property and equipment, net                              2,586         548
     Other assets                                               195         175
                                                          ----------   ---------
TOTAL ASSETS                                              $  56,941    $ 11,281
                                                          ==========   =========

LIABILITIES AND STOCKHOLDERS' EQUITY
  CURRENT LIABILITIES
     Accounts payable                                     $   3,931    $  2,343
     Accrued expenses and other liabilities                   3,421       1,166
     Deferred revenues                                           --         616
     Net liabilities of discontinued operations                 834          69
                                                          ----------   ---------
TOTAL CURRENT LIABILITIES                                     8,186       4,194


COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY
     Preferred stock, $0.001 par value; authorized
       5,000,000 shares; no shares issued and outstanding        --          --
     Common stock, $0.001 par value; authorized 60,000,000
        shares; issued 39,098,088 shares in 2000 and
        38,691,040 shares in 1999; outstanding 38,416,588        39          38
        shares in 2000 and 38,009,540 shares in 1999
     Additional paid-in capital                             260,434     258,133
     Treasury stock, at cost                                 (2,064)     (2,064)
     Deferred compensation                                     (858)       (345)
     Accumulated other comprehensive income                   6,033          --
     Accumulated deficit                                   (214,829)   (248,675)
                                                          ----------   ---------
TOTAL STOCKHOLDERS' EQUITY                                   48,755       7,087
                                                          ----------   ---------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                $  56,941    $ 11,281
                                                          ==========   =========

     See accompanying notes to condensed consolidated financial statements.

<PAGE>



                       INTELIDATA TECHNOLOGIES CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                THREE AND SIX MONTHS ENDED JUNE 30, 2000 AND 1999
                (in thousands, except per share data; unaudited)
<TABLE>

                                                                         Three months ended Six months ended
                                                                      June 30,                          June 30,
                                                          -----------------------------      --------------------------
                                                              2000              1999            2000               1999
                                                          -----------      -----------       -----------      ---------
<S>                                                       <C>              <C>               <C>              <C>
Revenues
     Software                                             $    165         $     368         $    601         $     530
     Consulting and services                                   819               777            1,913               966
     Leasing and other                                         911             1,658            2,000             3,431
                                                          -----------      -----------       -----------      ----------
         Total revenues                                      1,895             2,803            4,514             4,927
                                                          -----------      -----------       -----------      ----------

Cost of revenues
     Software                                                   --                37               --                53
     Consulting and services                                   933               260            1,507               301
     Leasing and other                                         312               318              730               698
                                                          -----------      -----------       -----------      ----------
         Total cost of revenues                              1,245               615            2,237             1,052
                                                          -----------      -----------       -----------      ----------
         Gross profit                                          650             2,188            2,277             3,875

Operating Expenses
     General and administrative                              1,884             2,155            3,285             3,796
     Selling and marketing                                   1,816               504            3,140             1,212
     Research and development                                3,450               698            5,627             1,603
                                                          -----------      -----------       -----------      ----------
         Total operating expenses                            7,150             3,357           12,052             6,611
                                                          -----------      -----------       -----------      ----------

Operating loss                                              (6,500)           (1,169)          (9,775)           (2,736)
Realized gains on sales of investments                       1,387                --           43,991                --
Other income                                                   168                77              320               120
                                                          -----------      -----------       -----------      ----------
Income (loss) before income taxes                           (4,945)           (1,092)          34,536            (2,616)
Provision (benefit) for income taxes                          (100)               --              690                --
                                                          -----------      -----------       -----------      ----------
Income (loss) from continuing operations                    (4,845)           (1,092)          33,846            (2,616)
Discontinued operations - Gain from operation of
     telecommunications and interactive service
     divisions (net of income taxes)                            --             1,309               --             1,309
                                                          -----------      -----------       -----------      ----------
Net income (loss)                                         $ (4,845)        $     217         $ 33,846         $  (1,307)
                                                          ===========      ===========       ===========      ==========

Basic earnings per common share
     Income (loss) from continuing operations             $  (0.13)        $   (0.03)        $   0.89         $   (0.08)
     Income (loss) from discontinued operations               0.00              0.04             0.00              0.04
                                                          -----------      -----------       -----------      ----------
     Net income (loss)                                    $  (0.13)        $    0.01         $   0.89         $   (0.04)
                                                          ===========      ===========       ===========      ==========
Diluted earnings per common share
     Income (loss) from continuing operations             $  (0.13)        $   (0.03)        $   0.83         $   (0.08)
     Income (loss) from discontinued operations               0.00              0.04             0.00              0.04
                                                          -----------      -----------       -----------      ----------
     Net income (loss)                                    $  (0.13)        $    0.01         $   0.83         $   (0.04)
                                                          ===========      ===========       ===========      ==========

Basic weighted-average common shares outstanding            38,173            32,627           38,082            31,160
                                                          ===========      ===========       ===========      ==========
Diluted weighted-average common shares outstanding          38,173            32,627           40,926            31,160
                                                          ===========      ===========       ===========      ==========
</TABLE>

   See accompanying notes to condensed consolidated financial statements.


<PAGE>

                       INTELIDATA TECHNOLOGIES CORPORATION
       CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                         SIX MONTHS ENDED JUNE 30, 2000
                            (in thousands; unaudited)

<TABLE>


                                                                                     Accumulated
                                      Common stock   Additional            Deferred  Other Compre-  Accumu-    Compre-
                                     --------------   Paid-in    Treasury  Compen-     hensive      lated      hensive
                                      Shares Amount    Capital     Stock   sation     Income       Deficit     Income        Total
                                     ------- ------  ----------  -------- --------- -----------  -----------  ---------    ---------
<S>                                  <C>             <C>         <C>       <C>      <C>          <C>          <C>          <C>
Balance at January 1, 2000            38,010 $   38  $ 258,133   $(2,064) $  (345)  $    -       $ (248,675)               $   7,087
   Issuance of common stock:
     Exercise of stock options           199      1        505       -         -         -              -                        506
     Employee stock purchase plan         17      -         45       -         -         -              -                         45
     Exercise of stock warrants          159      -        197       -         -         -              -                        197
   Issuance of restricted stock           32      -        292       -       (292)       -              -                          -
   Cancellation of restricted stock        -      -        (14)      -         14        -              -                          -
   Issuance of warrants                    -      -        419       -       (419)       -              -                          -
   Capital contribution                    -      -        857       -         -         -              -                        857
   Compensation expense                    -      -          -       -        184        -              -                        184
   Unrealized gain on investments,
     net of taxes                          -      -          -       -         -       6,033            -         6,033        6,033
   Net income                              -      -          -       -         -         -           33,846      33,846       33,846
                                                                                                              ---------
   Comprehensive income                                                                                          39,879
                                                                                                              =========
                                     ------- ------  ----------  -------- --------- -----------  -----------               ---------
Balance at June 30, 2000              38,417 $   39  $ 260,434   $(2,064) $  (858)  $  6,033     $ (214,829)               $  48,755
                                     ======= ======  ==========  ======== ========= ===========  ===========               =========
</TABLE>

     See accompanying notes to condensed consolidated financial statements.

<PAGE>

                       INTELIDATA TECHNOLOGIES CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                     SIX MONTHS ENDED JUNE 30, 2000 AND 1999
                            (in thousands; unaudited)

                                                       2000              1999
                                                     ---------        ----------

Cash flows from operating activities
Net income (loss) from continuing operations         $ 33,846         $  (2,616)
Adjustments to reconcile net income (loss) from
 continuing operations to net cash used in
 operating activities of continuing operations:
   Realized gains on sales of investments             (43,991)               --
   Deferred income taxes                                  690                --
   Depreciation and amortization                          693               154
   Deferred compensation and other noncash items          184               169
   Changes in certain assets and liabilities:
       Accounts receivable                                110               624
       Inventories                                         --                --
       Prepaid expenses and other current assets          (44)               95
       Other assets                                       (20)               82
       Accounts payable                                 1,588               450
       Accrued expenses and other liabilities             710              (105)
       Deferred revenues                                 (616)           (1,471)
                                                    ----------         ---------
         Net cash used in operating activities         (6,850)           (2,618)
           of continuing operations                 ----------         ---------

   Net gain from discontinued operations                   --             1,309
   Change in net liabilities of
     discontinued operations                              765            (1,786)
                                                    ----------        ----------
        Net cash provided by (used in) operating
            activities of discontinued operations         765              (477)
                                                    ----------        ----------

Net cash used in operating activities                  (6,085)           (3,095)

Cash flows from investing activities
   Proceeds from sale of investments                   16,252               --
   Purchases of property and equipment                 (2,000)              --
                                                    ----------        ----------
        Net cash provided by investing activities      14,252               --
                                                    ----------        ----------

Cash flows from financing activities
   Proceeds from the issuance of common stock             748             2,111
   Capital contribution                                   857                --
                                                    ----------        ----------
        Net cash provided by financing activities       1,605             2,111
                                                    ----------        ----------

Increase (decrease) in cash and cash equivalents        9,772              (984)
Cash and cash equivalents, beginning of period          8,496             8,050
                                                    ----------        ----------

Cash and cash equivalents, end of period            $  18,268         $   7,066
                                                    ==========        ==========


Supplemental  schedule of non-cash  investing activity - The Company  purchased
approximately $731,000 of assets that were not paid for as of June 30, 2000.


     See accompanying notes to condensed consolidated financial statements.

<PAGE>

                       INTELIDATA TECHNOLOGIES CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                THREE AND SIX MONTHS ENDED JUNE 30, 2000 AND 1999
                                   (Unaudited)


(1)      Basis of Presentation

               The   condensed   consolidated   balance   sheets  of  InteliData
          Technologies  Corporation  ("InteliData"  or "Company") as of June 30,
          2000, the related condensed consolidated  statements of operations for
          the three and six month periods ended June 30, 2000 and 1999,  and the
          condensed  consolidated  statements of changes in stockholders' equity
          and cash flows for the six month periods ended June 30, 2000 and 1999,
          presented  in  this  Form  10-Q, are  unaudited.  In  the  opinion  of
          management,  all adjustments necessary for a fair presentation of such
          financial statements have been included. Such adjustments consist only
          of  normal  recurring  items.  Interim  results  are  not  necessarily
          indicative  of results for a full year.  Certain  amounts for previous
          periods  have been  reclassified  to  conform  to the  current  period
          presentation.

                The condensed  consolidated financial statements and notes are
         presented  as  required  by  Form  10-Q,  and  do not  contain  certain
         information   included  in  the  Company's  annual  audited   financial
         statements  and notes.  These  financial  statements  should be read in
         conjunction with the annual audited financial statements of the Company
         and the  notes  thereto,  together  with  management's  discussion  and
         analysis of financial condition and results of operations, contained in
         the Form 10-K for the fiscal year ended December 31, 1999.

(2)      Segment Reporting

               The Company's continuing operations are reported in two operating
          segments:  Internet Banking and Leasing. The basis for determining the
          Company's   operating  segments  is  the  manner  in  which  financial
          information  is  used  by the  Company  in  managing  its  operations.
          Management  organizes  and operates  the  business  according to units
          which provide unique products and services. Operating (loss) income in
          these two segments  represents total revenues less operating expenses,
          and  excludes  other  income and  expense  and income  taxes.  Segment
          financial information is as follows (in thousands):

         -----------------------------------------------------------------------
                                     Internet Banking    Leasing    Consolidated
         -----------------------------------------------------------------------
         2000 Second Quarter
            Revenues                  $    1,199        $   696       $  1,895
            Operating (loss) income       (6,884)           384         (6,500)
         -----------------------------------------------------------------------

          <PAGE>
         -----------------------------------------------------------------------
          1999 Second Quarter
            Revenues                  $    1,811        $   992       $  2,803
            Operating (loss) income       (1,843)           674         (1,169)
         -----------------------------------------------------------------------


         -----------------------------------------------------------------------
                                     Internet Banking   Leasing     Consolidated
         -----------------------------------------------------------------------
         2000 Six Months
            Revenues                  $    2,983        $ 1,531       $  4,514
            Operating (loss) income      (10,576)           801         (9,775)

         1999 Six Months
             Revenues                $     2,845        $ 2,082       $  4,927
             Operating (loss) income      (4,120)         1,384         (2,736)
         -----------------------------------------------------------------------

(3)      US West Caller ID Lease Base

               In January  2000,  the  Company  received  notification  from its
          billing agent  regarding  proposed  changes to the billing process for
          the US West Caller ID Lease Base. During June 2000, these changes were
          finalized and went into effect.  US West has notified the Company that
          US West will no longer permit  InteliData to include the lease billing
          on the US West  telephone  bills after June 2000. As such,  InteliData
          will  discontinue  billing its legacy  customers for Caller ID adjunct
          unit leases in the US West telephone  service  territory,  because the
          cost of individually  billing and pursuing  collections for the leases
          has made it impractical and  uneconomical  for the Company to continue
          the lease program.  Accordingly,  the revenues from leasing activities
          will cease.

(4)      New Accounting Pronouncement

               In December 1999, the SEC Staff issued Staff Accounting  Bulletin
          (SAB) No. 101, "Revenue Recognition," which provides the Staff's views
          in  applying  generally  accepted  accounting  principles  to selected
          revenue  recognition  issues.  The SAB is  effective no later than the
          fourth fiscal  quarter of fiscal years  beginning  after  December 15,
          1999.  The Company has not yet  determined  what impact,  if any, will
          result from the adoption of this SAB.

                                   * * * * * *


<PAGE>


ITEM 2:        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
               CONDITION AND RESULTS OF OPERATIONS
               -----------------------------------


Results of Operations
---------------------

     The  following   represents   the  results  of  operations  for  InteliData
Technologies Corporation for the three and six month periods ended June 30, 2000
and 1999.  Such  information  should  be read in  conjunction  with the  interim
financial  statements  and the notes thereto in Part I, Item 1 of this Quarterly
Report.

Three months ended June 30, 2000 and 1999
-----------------------------------------

Revenues

     The Company's  second quarter  revenues were $1,895,000 in 2000 compared to
$2,803,000  in 1999,  a decrease of 32% or  $908,000.  The decrease is primarily
attributable  to the  decrease  in the  lease  base  revenue  and the  royalties
relating to the Visa  Bill-Pay  system,  as well as the progress of several bank
installations and the resulting revenue recognition in the prior period.  During
the second quarter of 2000, software revenues contributed  $165,000,  consulting
and services  revenues  contributed  $819,000,  and other  revenues  contributed
$911,000.  Other  revenues  consisted of $696,000  from leasing  activities  and
$215,000 from royalties.

     During the second quarter of 1999, software revenues contributed  $368,000,
consulting  and  services  revenues  contributed  $777,000,  and other  revenues
contributed  $1,658,000.  Other  revenues  consisted  of $992,000  from  leasing
activities  and  $666,000  from  royalties.  The  Company  expects  the trend of
declining royalties to continue.

     In January 2000, the Company received  notification  from its billing agent
regarding  proposed  changes to the  billing  process  for the US West Caller ID
Lease Base. During June 2000, these changes were finalized and went into effect.
US West has notified the Company that US West will no longer  permit  InteliData
to include the lease billing on the US West telephone  bills after June 2000. As
such,  InteliData will  discontinue  billing its legacy  customers for Caller ID
adjunct unit leases in the US West telephone service territory, because the cost
of  individually  billing and  pursuing  collections  for the leases has made it
impractical  and  uneconomical  for the Company to continue  the lease  program.
Accordingly, revenues from leasing activities will cease.

Cost of Revenues

     The  Company's  second  quarter  cost of revenues  was  $1,245,000  in 2000
compared to $615,000 in 1999,  an increase of 102% or $630,000.  The increase is
primarily  attributable to changes in product mix and increased costs related to
billings on the Caller ID leasing  activities,  which  earned a 55% gross profit
margin in 2000 compared to a 68% gross profit margin in 1999.  During the second
quarter of 2000,  consulting and services contributed $933,000 and other cost
<PAGE>

of revenues contributed  $312,000.  Other cost of revenues consisted of expenses
associated with leasing activities.

     During the second  quarter of 1999,  software cost of revenues  contributed
$37,000, consulting and services contributed $260,000 and other cost of revenues
contributed $318,000.

     Overall  gross profit  margins  decreased to 34% for the second  quarter of
2000 from 78% for the  second  quarter of 1999.  The  decrease  in gross  profit
margin was primarily  attributable  to increased  costs and the recording of
forward losses on strategic contracts. The Company anticipates that gross profit
margins  may  fluctuate  in the  future  due  to  changes  in  product  mix  and
distribution,  outsourcing  activities associated with a service bureau business
model,  competitive  pricing pressure,  and the introduction of new products and
changes in volume.

General and Administrative

     General and administrative  expenses were $1,884,000 for the second quarter
of 2000 as compared to $2,155,000 in the second quarter of 1999. The decrease of
$271,000  was  primarily  the  result  of a 1999  non-cash  charge  of  $244,000
associated with certain stock grants and additional  expense incurred in 1999 as
the result of  investment  banking  services,  legal,  and due  diligence  costs
associated  with the  negotiations  surrounding  the  proposed  merger with Home
Financial Network, Inc.

Selling and Marketing

     Selling and  marketing  expenses  increased  to  $1,816,000  for the second
quarter of 2000 from  $504,000  for the same period last year.  The  increase is
primarily attributable to an increase in the number of employees in the customer
care center,  an increase in the sales force, our active  participation in trade
shows, and an increased level of newspaper and other print advertising.


Research and Development

     Research and  development  costs were  $3,450,000 in the second  quarter of
2000,  as  compared to  $698,000  in the same  period in 1999.  The  increase of
$2,752,000  is reflective of our  investment in the  development  of our product
offerings  and the  resulting  increase  in  employees  and  the use of  outside
consulting  services.  The Company  primarily  invests  research and development
expenses in writing and developing the Interpose Transaction Engine for the Open
Financial  Exchange  ("OFX")  standard and building  the  Interactive  Financial
Exchange ("IFX")-based network electronic bill payment switch.


Realized Gains on Sales of Investments

     On January 20, 2000, Home Financial Network, Inc. (HFN), a company in which
InteliData held approximately a 25% ownership interest, merged with Sybase, Inc.
InteliData  accounted for its investment in HFN using the equity  method.  As of
the merger date, such investment's  carrying value was zero. In exchange for its
portion of ownership in HFN,

<PAGE>

InteliData received approximately $5,867,000 in cash and approximately 1,770,000
shares of Sybase common stock valued at approximately  $33,405,000 on that date.
The Company  also held  warrants to purchase  HFN common  stock.  As part of the
merger agreement,  such warrants were converted into warrants to purchase Sybase
common stock.  The Company  received  640,000  "warrant  units" with an exercise
price of $2.60 per warrant unit. Upon exercise of each warrant unit, the Company
is entitled to receive  $1.153448  in cash and  0.34794  share of Sybase  common
stock. These warrants were valued at approximately $3,332,000 on that date.

     An escrow  account  was  established  to  provide  Sybase,  Inc.  indemnity
protection  against  possible  claims that might arise  against HFN.  Currently,
approximately  133,000  shares of Sybase owned by  InteliData  remain in escrow,
along with  approximately  $440,000  of cash.  These  amounts are payable to the
Company  on  January  20,  2001,  unless  subject  to claims  under  the  escrow
provision.

     The  Company  considers  its  investments  in the Sybase  common  stock and
warrants to be available-for-sale under the provisions of Statement of Financial
Accounting  Standards No. 115,  Accounting  for Certain  Investments in Debt and
Equity Securities,  and as such, included within stockholders' equity as of June
30, 2000 is $6,033,000 of unrealized gain on investments  (net of taxes),  which
represents  the  increase in the fair market value of the Sybase  holdings  from
January 20, 2000 to June 30, 2000. Future  disposition of the Sybase shares will
be  reflected  as  gains  or  losses  based  on the  then  market  value  as the
transactions  occur.  For the second  quarter,  InteliData  recognized a gain of
approximately  $1,387,000 on the  disposition  of a portion of the investment in
Sybase common stock.

Other Income

     Other income,  primarily  investment and interest income,  was $168,000 for
the second  quarter of 2000 compared to $77,000 for the same period in the prior
year.  The increase of $91,000 was due to the increased  levels of cash and cash
equivalents  during the second quarter of 2000 compared to the second quarter of
1999.  This  increase  was a  result  of  the  cash  proceeds  from  the  merger
transaction and the subsequent disposition of some of the Sybase common stock.

Discontinued Operations

     Discontinued  operations for the Company consist of business  activities of
the  telecommunications  and interactive  services  divisions.  During 1998, the
Company  recorded  liabilities  to account for the  operations and activities of
discontinued  operations.  For  the  second  quarter  of  2000,  there  were  no
significant developments in discontinued  operations.  During the second quarter
of 1999,  the Company  realized a gain of $1,309,000  from the operations of the
discontinued  business,  primarily  attributable to favorable  settlements  with
former telecommunications  customers and retailers and the success of aggressive
collection  efforts  related  to  accounts  receivable  from  customers  of  the
discontinued business.

<PAGE>

     The net  liabilities  of  discontinued  operations  as of December 31, 1999
included an asset - a building in New Milford, Connecticut. The Company received
net  proceeds of $988,000  for the sale of the  building  during  January  2000.
Liabilities remaining in the discontinued operations as of June 30, 2000 include
a reserve for  potential  environmental  clean-up  at the New Milford  location,
costs  for legal  shut-down  of the  former  operating  subsidiaries,  potential
warranty costs, and further  potential  settlements  with telecom  customers and
others.

Weighted-Average Common Shares Outstanding and Basic and Diluted Earnings (Loss)
Per Common Share

     The basic and diluted  weighted-average common shares outstanding increased
to 38,173,000  for the second  quarter of 2000  compared to  32,627,000  for the
second  quarter of 1999.  The increase  resulted  primarily from the exercise of
stock options and warrants,  stock  purchases  under the Employee Stock Purchase
Plan,  and the granting of certain  stock awards during 1999.  Also,  during the
third and fourth quarter of 1999, all  convertible  preferred  stock,  which had
been issued in July 1999, was converted into common stock.

     As a result of the foregoing,  basic and diluted loss per common share from
continuing  operations  was $0.13 and $0.03 for the second  quarters of 2000 and
1999,  respectively.  Basic and diluted income from discontinued  operations per
common  share was $0.00 and  $0.04  for the  second  quarters  of 2000 and 1999,
respectively.  Basic and diluted  income  (loss) per common  share was a loss of
$0.13 for the second  quarter of 2000 compared to income of $0.01 for the second
quarter of 1999.

Six months ended June 30, 2000 and 1999
---------------------------------------

Revenues

     The  Company's  revenues  for the first six months of 2000 were  $4,514,000
compared  to  $4,927,000  in 1999,  a decrease  of 8% or  $413,000.  The Company
recognized  $601,000  in software  revenue  during the first six months of 2000.
During the same  period in 1999,  the  Company  recognized  $530,000 in software
revenue. Consulting and services revenues aggregated $1,913,000 in the first six
months of 2000 while  during the same  period in 1999,  the  Company  recognized
$966,000.  Leasing and other revenues were $2,000,000 in the first six months of
2000 compared to  $3,431,000  in the first six months of 1999.  During the first
six months of 2000,  revenues  from  leasing and other  operations  consisted of
$1,531,000  from  customers  within its lease base,  and  $469,000  from royalty
revenues  related to the VISA Bill-Pay  system.  During the same period in 1999,
the  Company  recognized  $2,082,000  from  customers  within its lease base and
$1,349,000  from  royalties  related to the VISA  Bill-Pay  system.  The Company
expects the trend of declining royalties to continue.

     In January 2000, the Company received  notification  from its billing agent
regarding  proposed  changes to the  billing  process  for the US West Caller ID
Lease Base. During June 2000, these changes were finalized and went into effect.
US West has notified the Company that US West will no longer  permit  InteliData
to include the lease billing on the US West telephone  bills after June 2000. As
such,  InteliData will  discontinue  billing its legacy  customers for Caller ID
adjunct unit leases in the US West telephone

<PAGE>


service  territory,  because  the  cost of  individually  billing  and  pursuing
collections  for the leases has made it  impractical  and  uneconomical  for the
Company to continue the lease  program.  Accordingly,  the revenues from leasing
activities will cease.

Cost of Revenues

     The  Company's  cost of  revenues  for the  first  six  months of 2000 were
$2,237,000  compared to $1,052,000  in 1999, an increase of 113% or  $1,185,000.
The Company did not incur any  software  related  expenses  during the first six
months of 2000, but incurred $53,000 during the same period in 1999.  Consulting
and services cost of revenues  aggregated  $1,507,000 in the first six months of
2000,  while  during the same period in 1999,  the  Company's  costs  aggregated
$301,000.  Cost of revenues  associated with leasing aggregated  $730,000 in the
first six months of 2000 compared to $698,000 in the same period of 1999.

     Overall gross profit  margins  decreased to 50% for the first six months of
2000 from 79% for the same period in 1999.  The decrease in gross profit  margin
was primarily  attributable  to increased costs and the recording of forward
losses on strategic contracts. The Company anticipates that gross profit margins
may  fluctuate  in the future due to  changes in product  mix and  distribution,
outsourcing   activities  associated  with  a  service  bureau  business  model,
competitive  pricing pressure,  and the introduction of new products and changes
in volume.

General and Administrative

     General  and  administrative  expenses  were  $3,285,000  for the first six
months of 2000, as compared to $3,796,000  for the first six months of 1999. The
decrease of $511,000 was attributable to 1999 activities to expand the Company's
development facilities in Toledo, Ohio, expenses associated with the move of the
Company's  headquarters to Reston,  Virginia,  non-cash charges  associated with
certain stock grants, and expenses  associated with the due diligence  performed
in connection  with the potential  merger and joint marketing  arrangement  with
Home Financial Network, Inc. Throughout the year, the Company expects to control
general  and  administrative  expenses  and  plans  to  continually  assess  its
operations in managing the continued  development  of  infrastructure  to handle
anticipated business levels.

Selling and Marketing

     Selling and marketing  expenses  increased to $3,140,000  for the first six
months of 2000 from  $1,212,000  for the same period last year.  The increase is
primarily  attributable  to an increase in the number of  employees  in customer
care center,  an increase in the sales force, our active  participation in trade
shows, and an increased level of newspaper and other print advertising.

<PAGE>

Research and Development

     Research and  development  costs were $5,627,000 in the first six months of
2000  compared  to  $1,603,000  for the same  period in 1999.  The  increase  of
$4,024,000  is reflective of our  investment in the  development  of our product
offerings  and the  resulting  increase  in  employees  and  the use of  outside
consulting  services.  The Company  primarily  invests  research and development
expenses in writing and developing the Interpose Transaction Engine for the Open
Financial  Exchange  ("OFX")  standard and building  the  Interactive  Financial
Exchange ("IFX")-based network electronic bill payment switch.

Realized Gains on Sales of Investments

     As discussed  above,  on January 20, 2000,  Home  Financial  Network,  Inc.
(HFN),  a  company  in  which  InteliData  held  approximately  a 25%  ownership
interest,  merged with Sybase,  Inc. In exchange for its portion of ownership in
HFN,  InteliData  received  approximately  $5,867,000 in cash and  approximately
1,770,000  shares of Sybase stock.  The Company also received  640,000  "warrant
units" with an exercise  price of $2.60 per warrant unit.  Upon exercise of each
warrant unit,  the Company is entitled to receive  $1.153448 in cash and 0.34794
share of Sybase common stock.

     For the six months ended June 30, 2000, InteliData recognized a gain of
approximately   $43,991,000  on  the  merger   transaction  and  the  subsequent
disposition of a portion of the investment in Sybase common stock.

Other Income

     Other income,  primarily  investment and interest income,  was $320,000 and
$120,000  for the six months  ended June 30,  2000 and 1999,  respectively.  The
increase of $200,000 was due to the increased level of cash and cash equivalents
in 2000 as compared to 1999.  This  increase  was a result of the cash  proceeds
from the merger transaction and the subsequent disposition of some of the Sybase
common stock.

Discontinued Operations

     Discontinued  operations for the Company consist of business  activities of
the  telecommunications  and interactive  services  divisions.  During 1998, the
Company  recorded  liabilities  to account for the  operations and activities of
discontinued operations. For 2000, there were no significant developments in the
discontinued operations. During the second quarter of 1999, the Company realized
a gain of $1,309,000 from the operations of the discontinued business, primarily
attributable to favorable settlements with former  telecommunications  customers
and  retailers  and the  success of  aggressive  collection  efforts  related to
accounts receivable from customers of the discontinued business.

     The net  liabilities  of  discontinued  operations  as of December 31, 1999
included an asset - a building in New Milford, Connecticut. The Company received
net  proceeds of $988,000 for
<PAGE>

the sale of the  building  during  January  2000.  Liabilities  remaining in the
discontinued  operations  as of June 30, 2000  include a reserve  for  potential
environmental clean-up at the New Milford location, costs for legal shut-down of
the  former  operating  subsidiaries,  potential  warranty  costs,  and  further
potential settlements with telecom customers and others.

Weighted-Average Common Shares Outstanding and Basic and Diluted Earnings (Loss)
Per Common Share

     The basic and diluted  weighted-average  common shares  outstanding for the
six months  ended June 30, 2000 was  38,082,000  and  40,926,000,  respectively,
compared  to  31,160,000  for both for the same  period  in 1999.  The  increase
resulted  primarily  from the  exercise  of stock  options and  warrants,  stock
purchases  under the Employee  Stock  Purchase Plan, and the granting of certain
stock awards during 1999. Also, during the third and fourth quarter of 1999, all
convertible  preferred stock,  which had been issued in July 1999, was converted
into common stock.

     As a result of the  foregoing,  basic and diluted  income per common  share
from continuing operations was $0.89 and $0.83, respectively,  for the six-month
period in 2000. There has been no discontinued  operations activity in 2000. For
the same period in 1999,  basic and diluted income (loss) per common share was a
loss of $0.08 from continuing  operations and income of $0.04 from  discontinued
operations, resulting in a basic and diluted loss per common share of $0.04.

Liquidity and Capital Resources
-------------------------------

     During  the  first  six  months  of  2000,  the  Company's  cash  and  cash
equivalents  increased  by  $9,772,000.  At  June  30,  2000,  the  Company  had
$18,268,000  in cash  and  cash  equivalents,  $33,896,000  in  investments  and
restricted cash, and working capital of $45,974,000, with no long-term debt.

     During  the  first  six  months  of  2000,  cash  used in  activities  from
continuing  operations was $6,850,000  compared to $2,618,000 in the same period
in 1999. Cash used in operating  activities of continuing  operations during the
first six months of 2000 reflects  operating  losses  arising from certain fixed
costs and the  declining  level of  advanced  payments  by  customers  (deferred
revenues),  offset in part by net cash  generated  from  increases  in  accounts
payable and accrued expenses and other  liabilities.  Cash used in activities of
continuing  operations  during the first half of 1999 were primarily  related to
the operating  losses with the positive cash flows from accounts  receivable and
accounts payable offset by deferred revenues.

     Cash flows from investing  activities for the first six months of 2000 were
$16,252,000  in proceeds from the sale of  investments,  offset by $2,000,000 of
property and equipment purchases. The Company had no investing activities during
the first six months of 1999.

     Financing activities provided $1,605,000 in the first half of 2000 compared
to $2,111,000 during the first half of 1999.  Financing  activities in the first
six months of 2000  consisted of
<PAGE>

proceeds  from the sale of the  Company's  common  stock  through  stock  option
exercises, warrant exercises and the Employee Stock Purchase Plan, and a capital
contribution.  Financing activities in the first half of 1999 reflected the sale
of the Company's common stocks.


Cautionary  Statement for Purposes of the "Safe Harbor" Provisions of the
Private Securities  Litigation Reform Act of 1995
-------------------------------------------------

     The above information includes forward-looking  statements, the realization
of which may be impacted by the factors  discussed  below.  The  forward-looking
statements  are made  pursuant  to the safe  harbor  provisions  of the  Private
Securities  Litigation  Reform Act of 1995 (the  "Act").  This  report  contains
forward  looking  statements  that  are  subject  to  risks  and  uncertainties,
including,  but  not  limited  to,  the  ability  of  the  Company  to  complete
implementations  in required time frames and the  Company's  ability to increase
its recurring revenues and profits through its ASP business model, the impact of
competitive  products,  pricing  pressure,  product demand and market acceptance
risks, pace of consumer acceptance of home banking and reliance on the Company's
bank clients to increase usage of Internet banking by their  customers,  mergers
and  acquisitions,  risk of  integration  of the  Company's  technology by large
software companies,  the ability of financial institution customers to implement
applications  in the anticipated  time frames or with the anticipated  features,
functionality  or  benefits,  reliance  on key  strategic  alliances  and  newly
emerging  technologies,  the  ability of the Company to  leverage  its  Spectrum
relationship  into new business  opportunities in the EBPP market,  the on-going
viability of the  mainframe  marketplace  and demand for  traditional  mainframe
products,  the ability to attract and retain key employees,  the availability of
cash for  long-term  growth,  product  obsolescence,  ability to reduce  product
costs,  fluctuations in operating results, ability to continue funding operating
losses,  delays in development of highly complex products,  limited  proprietary
protection,  and other risks detailed from time to time in the Company's filings
with  the  Securities  and  Exchange  Commission,  including  the  risk  factors
disclosed  in the  Company's  Form 10-K for the fiscal year ended  December  31,
1999.  These risks could cause the Company's  actual results for 2000 and beyond
to differ materially from those expressed in any forward looking statements made
by, or on behalf of, the Company.  The foregoing  list of factors  should not be
construed  as  exhaustive  or  as  any  admission   regarding  the  adequacy  of
disclosures made by the Company prior to the date hereof or the effectiveness of
said Act.


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
-------------------------------------------------------------------

     The Company currently has no long-term debt and is not currently engaged in
any transactions that involve foreign  currency.  The Company does not engage in
hedging activities.

<PAGE>

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
-------------------------------------------------------------

     The  Company's  Annual  Meeting of  Stockholders  was held on May 24, 2000.
Matters  submitted  at the  meeting  for  vote  by  the  Stockholders  were  the
following:

     1)   Election of Class I Directors

          The  Stockholders  elected two members of the Board of Directors  with
          the following votes: William F. Gorog with votes of 36,258,964 for and
          476,199  against;  and L. William Seidman with votes of 36,260,464 for
          and 474,699 against.

     2)   Amendment to 1996 Incentive Plan

          The Stockholders approved an amendment to the Company's 1996 Incentive
          Plan reserving an additional  1,000,000 shares of the Company's Common
          Stock for issuance  thereunder and  increasing  the maximum  aggregate
          number of shares that may be issued as stock awards to 500,000  shares
          with the following  votes:  34,447,479  for,  2,082,997  against,  and
          204,687 abstain.

     3)   Ratification of Deloitte & Touche LLP

          The  Stockholders  ratified the  selection of Deloitte & Touche LLP as
          the Company's  independent  auditors for the year ending  December 31,
          2000 with the following  votes:  36,535,149 for,  98,682 against,  and
          101,332 abstain.


PART II: OTHER INFORMATION
--------------------------

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
-----------------------------------------


(a)      Exhibits
         ---------

         None.


(b)      Reports on Form 8-K
          -------------------

         None.



<PAGE>



                                                SIGNATURES


     Pursuant to the  requirements of the Securities Act of 1934, the registrant
has duly  caused  this  report to be signed  on its  behalf by the  undersigned,
thereunto duly authorized.


                                 INTELIDATA TECHNOLOGIES CORPORATION



                                 By:    /s/ Alfred S. Dominick, Jr.
                                        ---------------------------
                                       Alfred S. Dominick, Jr.
                                       President, Chief Executive Officer,
                                       Chief Financial Officer, and Director