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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:  September 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 September
30, 2000 was 38,484,734.



================================================================================
<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
         September 30, 2000 and December 31, 1999 ..........................   3

         Condensed Consolidated Statements of Operations
         Three and Nine Months Ended September 30, 2000 and 1999 ...........   4

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

         Condensed Consolidated Statements of Cash Flows
         Nine Months Ended September 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 .........................................  10

Item 3.  Quantitative and Qualitative Disclosures About Market Risk ........  18



PART II - OTHER INFORMATION

Item 6.  Exhibits and Reports on Form 8-K ..................................  18


SIGNATURES .................................................................  19

<PAGE>

PART I:  FINANCIAL INFORMATION
------------------------------
ITEM 1:  FINANCIAL STATEMENTS
-----------------------------

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

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


ASSETS
 CURRENT ASSETS
  Cash and cash equivalents                            $ 28,434       $   8,496
  Restricted cash                                           440              --
  Investments                                            16,571              --
  Accounts receivable, net                                1,975           1,924
  Prepaid expenses and other current assets                 317             138
                                                       --------       ---------
     Total current assets                                47,737          10,558

  NONCURRENT ASSETS
     Property and equipment, net                          3,359             548
     Other assets                                           195             175
                                                       --------       ---------

TOTAL ASSETS                                           $ 51,291       $  11,281
                                                       ========       =========

LIABILITIES AND STOCKHOLDERS' EQUITY
 CURRENT LIABILITIES
   Accounts payable                                    $  3,782       $   2,343
   Accrued expenses and other liabilities                 3,623           1,166
   Deferred revenues                                         --             616
   Net liabilities of discontinued operations               774              69
                                                       --------       ---------

TOTAL CURRENT LIABILITIES                                 8,179           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
    39,175,446 shares in 2000 and 38,691,040
    shares in 1999; outstanding 38,484,734
    shares in 2000 and 38,009,540 shares in 1999             39              38
  Additional paid-in capital                            260,954         258,133
  Treasury stock, at cost                                (2,123)         (2,064)
  Deferred compensation                                  (1,108)           (345)
  Accumulated other comprehensive income                  3,022              --
  Accumulated deficit                                  (217,672)       (248,675)
                                                       --------       ---------
TOTAL STOCKHOLDERS' EQUITY                               43,112           7,087
                                                       --------       ---------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $ 51,291       $  11,281
                                                       ========       =========


     See accompanying notes to condensed consolidated financial statements.

<PAGE>
<TABLE>

                       INTELIDATA TECHNOLOGIES CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
             THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999
                (in thousands, except per share data; unaudited)

                                                             Three months ended         Nine months ended
                                                               September 30,              September 30,
                                                          ----------------------      ---------------------
                                                              2000        1999            2000        1999
                                                            --------    --------        --------   --------
<S>                                                       <C>           <C>           <C>           <C>
Revenues
     Software                                             $     54     $    735        $    655    $ 1,265
     Consulting and services                                 1,387          495           3,300      1,461
     Leasing and other                                          75        1,692           2,075      5,123
                                                          -----------  --------      -----------   --------
         Total revenues                                      1,516        2,922           6,030      7,849
                                                          -----------  --------      -----------   --------
Cost of revenues
     Software                                                   --          112              --        165
     Consulting and services                                   850          256           2,357        557
     Leasing and other                                          --          208             730        906
                                                          -----------   -------      -----------   --------
         Total cost of revenues                                850          576           3,087      1,628
                                                          -----------   -------      -----------   --------
         Gross profit                                          666        2,346           2,943      6,221

Operating expenses
     General and administrative                              2,381        1,178           5,666      4,971
     Selling and marketing                                   1,554          464           4,694      1,676
     Research and development                                3,801        1,306           9,428      2,909
                                                          -----------   -------      -----------   --------
         Total operating expenses                            7,736        2,948          19,788      9,556
                                                          -----------   -------      -----------   --------

Operating loss                                              (7,070)        (602)        (16,845)    (3,335)
Realized gains on sales of investments                       3,831           --          47,822         --
Other income                                                   339          109             659        227
                                                           ----------   -------      -----------   --------

Income (loss) before income taxes                           (2,900)        (493)         31,636     (3,108)
Provision (benefit) for income taxes                           (57)          --             633         --
                                                          -----------   -------      -----------   --------

Income (loss) from continuing operations                    (2,843)        (493)         31,003     (3,108)
Discontinued operations - Gain from operation of
     telecommunications and interactive service
     divisions (net of income taxes)                            --          315              --      1,624
                                                          -----------   -------      -----------   --------

Net income (loss)                                           (2,843)        (178)         31,003     (1,484)
Preferred stock dividends and amortization of discounts
     arising from allocation of proceeds to warrants and
     beneficial conversion feature                              --       (1,535)             --     (1,535)
                                                          -----------   -------      -----------   --------

Net income (loss) attributable to common stockholders     $ (2,843)     $(1,713)        $31,003   $ (3,019)
                                                          ===========   =======      ===========   ========
Basic earnings per common share
     Income (loss) from continuing operations             $  (0.07)     $ (0.06)        $  0.81   $  (0.14)
     Income (loss) from discontinued operations               0.00         0.01            0.00       0.05
                                                          -----------   -------      -----------   --------
     Net income (loss)                                    $  (0.07)     $ (0.05)        $  0.81   $  (0.09)
                                                          ===========   =======      ===========   ========
Diluted earnings per common share
     Income (loss) from continuing operations             $  (0.07)     $ (0.06)        $  0.76   $  (0.14)
     Income (loss) from discontinued operations               0.00         0.01            0.00       0.05
                                                          -----------   -------      -----------   --------
     Net income (loss)                                    $  (0.07)     $ (0.05)        $  0.76   $  (0.09)
                                                          ===========   =======      ===========   ========
Basic weighted-average common shares outstanding            38,265       33,056          38,199     32,459
                                                          ===========   =======      ===========   ========
Diluted weighted-average common shares outstanding          38,265       33,056          40,994     32,459
                                                          ===========   =======      ===========   ========
</TABLE>
     See accompanying notes to condensed consolidated financial statements.

<PAGE>

<TABLE>


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




                                                                                        Accumulated
                                                                                           Other
                                    Common stock    Additional   Trea-                    Compre-      Accu-     Compre-
                                 -----------------   Paid-in     sury       Deferred      hensive     mulated    hensive
                                 Shares    Amount    Capital     Stock    Compensation     Income     Deficit    Income      Total
                                 ------   -------   ----------  --------  -------------  ---------  ---------- ----------   -------
<S>                              <C>      <C>       <C>         <C>       <C>           <C>         <C>         <C>         <C>

Balance at January 1, 2000       38,691   $    38   $ 258,133   $(2,064)    $  (345)     $      -   $(248,675)               $7,087
Issuance of common stock:
 Exercise of stock options          210         1         528         -           -             -           -                   529
 Employee stock purchase plan        17         -          45         -           -             -           -                    45
 Exercise of stock warrants         166         -         228         -           -             -           -                   228
Issuance of restricted stock         91         -         758         -        (758)            -           -                     -
Cancellation of restricted stock      -         -         (14)        -          14             -           -                     -
Issuance of warrants                  -         -         419         -        (419)            -           -                     -
Capital contribution                  -         -         857         -           -             -           -                   857
Compensation expense                  -         -           -         -         400             -           -                   400
Treasury stock                        -         -           -       (59)          -             -           -                   (59)
Unrealized gain on investments,
 net of taxes                         -         -           -         -           -         3,022           -  $   3,022      3,022
Net income                            -         -           -         -           -             -      31,003     31,003     31,003
                                                                                                               ----------
Comprehensive income                                                                                           $  34,025
                                 ------   -------   ----------  --------  -------------  ---------  ---------- ==========   -------
Balance at September 30, 2000    39,175   $    39   $ 260,954   $(2,123)  $  (1,108)     $  3,022   $(217,672)              $43,112
                                 ======   =======   ==========  ========  =============  =========  ==========              =======
</TABLE>

     See accompanying notes to condensed consolidated financial statements.

<PAGE>
<TABLE>


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


                                                                               2000                  1999
                                                                           ------------          ------------
<S>                                                                        <C>                   <C>

Cash flows from operating activities
Net income (loss) from continuing operations                               $   31,003            $  (3,108)
Adjustments to reconcile net income (loss) from continuing operations
to net cash from operating activities of continuing operations:
 Realized gains on sales of investments                                       (47,822)                   -
 Deferred income taxes                                                            633                    -
 Depreciation and amortization                                                    363                  190
 Deferred compensation                                                            400                  243
 Changes in certain assets and liabilities:
   Accounts receivable                                                            (51)              (1,109)
   Prepaid expenses and other current assets                                     (179)                 138
   Other assets                                                                   (20)                  82
   Accounts payable                                                             1,439                  282
   Accrued expenses and other liabilities                                       1,450                  593
   Deferred revenues                                                             (616)              (1,220)
                                                                           ------------          ------------
     Net cash used in operating activities of
          continuing operations                                               (13,400)              (3,909)
                                                                           ------------          ------------

Net gain from discontinued operations                                               -                1,624
Change in net liabilities of discontinued operations                              705               (3,106)
                                                                           ------------          ------------
     Net cash provided by (used in) operating activities
      of  discontinued operations                                                 705               (1,482)
                                                                           ------------          ------------

Net cash used in operating activities                                         (12,695)              (5,391)

Cash flows from investing activities
  Proceeds from the sales of investments                                       34,145                    -
  Purchases of property and equipment                                          (2,861)                 (56)
  Purchases of investments                                                       (251)                   -
                                                                           ------------          ------------
     Net cash provided by (used in) investing activities                       31,033                  (56)
                                                                           ------------          ------------

Cash flows from financing activities
  Proceeds from the issuance of preferred stock                                     -                5,670
  Proceeds from the issuance of common stock                                      802                2,126
  Capital contribution                                                            857                    -
  Purchases of common stock into treasury                                         (59)                   -
                                                                           ------------          ------------
     Net cash provided by financing activities                                  1,600                7,796
                                                                           ------------          ------------

Increase in cash and cash equivalents                                          19,938                2,349
Cash and cash equivalents, beginning of period                                  8,496                8,050
                                                                           ------------          ------------

Cash and cash equivalents, end of period                                   $   28,434            $  10,399
                                                                           ============          ============
</TABLE>

Supplemental schedule of non-cash activity - The Company purchased approximately
$313 of assets that had not yet been paid for as of September 30, 2000.


     See accompanying notes to condensed consolidated financial statements.

<PAGE>



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


(1)      Basis of Presentation

                  The  condensed   consolidated  balance  sheets  of  InteliData
         Technologies  Corporation  ("InteliData"  or "Company") as of September
         30, 2000, the related condensed  consolidated  statements of operations
         for the three and nine month periods ended September 30, 2000 and 1999,
         the condensed consolidated statement of changes in stockholders' equity
         for the nine month period ended  September 30, 2000,  and the condensed
         consolidated  statements of cash flows for the nine month periods ended
         September  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):


<PAGE>



  --------------------------- ------------------ ----------- -------------------
                              Internet Banking     Leasing      Consolidated
  --------------------------- ------------------ ----------- -------------------
  2000 Third Quarter
  ---------------------------
    Revenues                  $   1,516          $    -        $   1,516
    Operating (loss) income      (7,070)              -           (7,070)


  1999 Third Quarter
     Revenues                  $  1,988          $  934        $   2,922
    Operating (loss) income      (1,328)            726             (602)

  ------------------------------------------------------------------------------


  --------------------------- ------------------ ----------- -------------------
                              Internet Banking    Leasing        Consolidated
  --------------------------- ------------------ ----------- -------------------
  2000 Nine Months
    Revenues                  $   4,499          $ 1,531       $   6,030
    Operating (loss) income     (17,646)             801         (16,845)

  1999 Nine Months
     Revenues                  $  4,833          $ 3,016       $   7,849
     Operating (loss) income     (5,445)           2,110          (3,335)

  ------------------------------------------------------------------------------

(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 has
         discontinued  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 ceased in
         June 2000.

(4)      Series B Convertible Preferred Stock

                  In accordance with generally accepted  accounting  principles,
         portions  of the  proceeds  from  the  sale of the  Company's  Series B
         Preferred Stock in July 1999 were allocated to certain  warrants and to
         the Preferred Stock's conversion  feature.  On the Company's  condensed
         consolidated  statements  of  operations  for the three and nine  month
         periods  ended  September  30, 1999,  "Preferred  stock  dividends  and
         amortization  of  discounts  arising  from  allocation  of  proceeds to
         warrants and beneficial conversion

<PAGE>

         feature"  in the  amount  of  $1,535,000  was added to the net loss to
         arrive  at "Net  Loss  attributable  to  common  stockholders."  As of
         November 10, 1999,  all of the Series B Preferred  Stock was converted
         into common stock.

(5)      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  believes that the adoption of this SAB will not have
         a material impact on the financial statements.

                  In  June,   1998,  the  FASB  issued  Statement  of  Financial
         Accounting  Standards No. 133,  "Accounting for Derivative  Instruments
         and Hedging Activities" ("SFAS 133"), which establishes  accounting and
         reporting   standards  for  derivative   instruments  and  for  hedging
         activities  by requiring  that all  derivatives  be  recognized  in the
         balance sheet and measured at fair value.  As amended by SFAS 137, SFAS
         133 is effective for fiscal years  beginning  after June 15, 2000.  The
         Company has not completed its evaluation of the impact of adopting such
         statement.  The Company does not currently  have any  investments  that
         would fall under these guidelines.


                                   * * * * * *


<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 nine months ended September 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 September 30, 2000 and 1999

Revenues

         The Company's  third quarter  revenues were $1,516,000 in 2000 compared
to  $2,922,000  in 1999,  a  decrease  of 48% or  $1,406,000.  The  decrease  is
primarily  attributable  to the decrease in the revenue from the caller ID lease
base 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  third  quarter  of  2000,  software  revenues
contributed $54,000,  consulting and services revenues  contributed  $1,387,000,
and other revenues  contributed  $75,000.  Other revenues consisted of royalties
which ceased in September 2000.

         During  the  third  quarter  of  1999,  software  revenues  contributed
$735,000,  consulting  and services  revenues  contributed  $495,000,  and other
revenues  contributed  $1,692,000.  Other  revenues  consisted of $934,000  from
leasing  activities and $758,000 from royalties relating to the original sale of
the Visa Bill-Pay system.

         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 has discontinued 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 ceased in June 2000.

         As anticipated,  the revenue for the quarter was negatively affected by
the decline and the  cessation of the lease base revenue  stream and the royalty
revenue stream. The effect for the third quarter was a combined $1,617,000.  The
Company expects that the cessation will continue to be a significant factor over
the next  three  quarters  when  comparing  current  period  results  with prior
periods. In summary, the combined revenue for the lease base and royalty will be
$2,075,000  and  $6,272,000  for the years  ended  December  31,  2000 and 1999,
respectively. The

<PAGE>

difference  of  $4,197,000  for the year is due to the  decline  in the  revenue
streams, as previously  disclosed,  and to the final cessation of the lease base
and royalty streams.

Cost of Revenues

         The  Company's  third  quarter  cost of revenues  was  $850,000 in 2000
compared to $576,000 in 1999,  an increase of 48% or  $274,000.  The increase is
primarily attributable to the increase in revenues from consulting and services,
which were $1,387,000 and $495,000 in 2000 and 1999, respectively.  All costs of
revenues  during the third  quarter of 2000 were from  consulting  and services.
There were no costs of revenues for leasing,  since leasing  revenues  ceased in
June 2000.

         During the third quarter of 1999, software cost of revenues contributed
$112,000,  consulting  and  services  contributed  $256,000  and  other  cost of
revenues  contributed  $208,000.  Other cost of revenues  consisted  of expenses
associated with leasing activities.

         Overall gross profit margins  decreased to 44% for the third quarter of
2000 from 80% for the third quarter of 1999. The decrease in gross profit margin
was  primarily  attributable  to three  factors:  1)  because  of changes in the
product mix, gross profit margin from  consulting and services  decreased to 39%
in 2000 from 48% in 1999;  2) there was no revenue  and costs of  revenues  from
leasing in 2000, which in the prior period generated 78% of gross profit margin;
and,  3) there were  $75,000 and  $758,000 of royalty  revenue in 2000 and 1999,
respectively,  that had no associated cost of revenues.  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,  the introduction of new products
and changes in volume.

General and Administrative

         General  and  administrative  expenses  were  $2,381,000  for the third
quarter of 2000 as  compared to  $1,178,000  in the third  quarter of 1999.  The
increase  of  $1,203,0000  was  primarily  related to the  increase  of bad debt
expense and other costs related to the leasing business in 2000 and increases in
recruiting  costs.  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 $1,554,000  for the third
quarter of 2000 from  $464,000  for the same period last year.  The  increase of
$1,090,000 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.



<PAGE>


Research and Development

         Research and development  costs were $3,801,000 in the third quarter of
2000,  as compared to  $1,306,000  in the same period in 1999.  The  increase of
$2,495,000  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  and  the
InterposeTM Web Banking ("IWB") front-end.

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, 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
September  30, 2000 is  $3,022,000 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 September 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 third quarter,  InteliData recognized a
gain  of  approximately  $3,831,000  on  the  disposition  of a  portion  of the
investment in Sybase common stock.

Other Income

         Other income,  primarily  investment and interest income,  was $339,000
for the third  quarter of 2000  compared to $109,000  for the same period in the
prior year. The increase of

<PAGE>

$230,000 was due to the increased levels of cash and cash equivalents during the
third quarter of 2000 compared to the third 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  third  quarter  of  2000,  there  were  no
significant developments in discontinued operations. During the third quarter of
1999,  the  Company  realized  a gain of  $315,000  from the  operations  of the
discontinued  business,  primarily  attributable to favorable  settlements  with
former  telecommunications  customers and  retailers,  the success of aggressive
collection  efforts  related  to  accounts  receivable  from  customers  of  the
discontinued  business,  and decreased  expenses  related to warranty,  customer
service, and royalties.

         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 September 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 Loss Per Common
Share

         The  basic  and  diluted  weighted-average  common  shares  outstanding
increased to 38,265,000 for the third quarter of 2000 compared to 33,056,000 for
the third 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.  Also, as of November 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 $0.07 and $0.06 for the third quarters of 2000
and 1999,  respectively.  Basic and diluted income from discontinued  operations
per common  share was $0.00 and $0.01 for the third  quarters  of 2000 and 1999,
respectively.  Basic and diluted  loss per common  share was $0.07 for the third
quarter of 2000 compared to $0.05 for the third quarter of 1999.

         The  Company's net loss  attributable  to common  stockholders  for the
third  quarter of 1999 was  impacted  by a charge of  $1,535,000  related to the
Series B Preferred  Stock dividends and the  amortization  of discounts  arising
from allocation of proceeds to warrants and the beneficial conversion feature.



<PAGE>


Nine months ended September 30, 2000 and 1999

Revenues

         The  Company's  revenues  for  the  first  nine  months  of  2000  were
$6,030,000  compared to  $7,849,000  in 1999,  a decrease of 23% or  $1,819,000.
Excluding  leasing and other revenues,  revenues for the period increased 45% or
$1,229,000.  The Company recognized  $655,000 and $1,265,000 in software revenue
during  the  first  nine  months of 2000 and 1999,  respectively.  The  $610,000
decrease was  primarily  due to the timing of  completion of sales and status of
the  implementation  projects.   Consulting  and  services  revenues  aggregated
$3,300,000   and  $1,461,000  in  the  first  nine  months  of  2000  and  1999,
respectively. The $1,839,000 increase was primarily attributable to the services
rendered in building the IFX-based  network  electronic bill payment switch,  as
well as the  commencement  of  recurring  revenues  from the service  bureau and
hosting business.

         Leasing and other revenues were  $2,075,000 in the first nine months of
2000 compared to  $5,123,000 in the first nine months of 1999.  During the first
nine months of 2000,  revenues  from leasing and other  operations  consisted of
$1,531,000  from  customers  within its lease base,  and  $544,000  from royalty
revenues  related to the VISA Bill-Pay  system.  During the same period in 1999,
the  Company  recognized  $3,016,000  from  customers  within its lease base and
$2,107,000  from  royalties  related to the VISA Bill-Pay  system.  As discussed
above,  the streams of revenues  from leasing and royalty ceased in June
and September 2000, respectively.

         As  anticipated,  the revenue for the nine months ended  September  30,
2000 was negatively  affected by the decline and the cessation of the lease base
revenue stream and the royalty revenue  stream.  The effect for the period was a
combined $3,048,000.  The Company expects that the cessation will continue to be
a significant  factor over the next three quarters when comparing current period
results with prior periods. In summary,  the combined revenue for the lease base
and royalty will be $2,075,000  and  $6,272,000 for the years ended December 31,
2000 and 1999, respectively. The difference of $4,197,000 for the year is due to
the decline in the revenue streams,  as previously  disclosed,  and to the final
cessation of the lease base and royalty streams.

Cost of Revenues

         The  Company's  cost of  revenues  for the  nine  months  of 2000  were
$3,087,000 compared to $1,628,000 in 1999, an increase of 90% or $1,459,000. The
Company did not incur any software related expenses during the first nine months
of 2000, but incurred  $165,000  during the same period in 1999.  Consulting and
services  cost of  revenues  aggregated  $2,357,000  in the first nine months of
2000,  while  during the same period in 1999,  the  Company's  costs  aggregated
$557,000.  Cost of revenues  associated with leasing aggregated  $730,000 in the
first nine months of 2000 compared to $906,000 in the same period of 1999.

         Overall gross profit margins decreased to 49% for the first nine months
of 2000  from 79% for the same  period in 1999.  The  decrease  in gross  profit
margin was primarily attributable to three factors: 1) because of changes in the
product mix, gross profit margin from  consulting
<PAGE>


and  services  decreased  to 29% in 2000 from 62% in 1999;  2) the gross  profit
margins from leasing  were 52% and 70% in 2000 and 1999,  respectively;  and, 3)
there  was  $544,000  and  $2,107,000  of  royalty  revenue  in 2000  and  1999,
respectively,  that had no associated cost of revenues.  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,  the introduction of new products
and changes in volume.

General and Administrative

         General and administrative  expenses were $5,666,000 for the first nine
months of 2000, as compared to $4,971,000 for the first nine months of 1999. The
increase of $695,000 was  primarily  related to the increase of bad debt expense
and other  costs  related  to the  leasing  business  in 2000 and  increases  in
recruiting  costs.  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 $4,694,000  for the first
nine months of 2000 from  $1,676,000 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 $9,428,000 in the first nine months
of 2000  compared to  $2,909,000  for the same period in 1999.  The  increase of
$6,519,000  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  and  the
InterposeTM Web Banking ("IWB") front-end.

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.

<PAGE>

         For the nine months ended September 30, 2000,  InteliData  recognized a
gain of approximately  $47,822,000 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 $659,000
and  $227,000  for  the  nine  months  ended   September   30,  2000  and  1999,
respectively.  The increase of $432,000 was due to the increased  levels 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 first  nine  months of 1999,  the  Company
realized a gain of $1,624,000 from the operations of the discontinued  business,
primarily  attributable to favorable settlements with former  telecommunications
customers and retailers, the success of aggressive collection efforts related to
accounts  receivable from customers of the  discontinued  business,  and reduced
expenses related to warranty, customer service, and royalty payments.

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

         The basic and diluted  weighted-average  common shares  outstanding for
the nine  months  ended  September  30,  2000  was  38,199,000  and  40,994,000,
respectively,  compared to 32,459,000  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.  Also, as of November  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 $0.81 and $0.76, respectively, for the nine-month
period in 2000. There has been no gain or loss from  discontinued  operations in
2000.  For the same period in 1999,  basic and diluted  income (loss) per common
share was a loss of $(0.14) from continuing  operations and income of $0.05 from
discontinued operations,  resulting in a basic and diluted loss per common share
of $(0.09).

         The Company's net loss attributable to common stockholders was impacted
by a charge of $1,535,000  related to the Series B Preferred Stock dividends and
the  amortization  of discounts  arising from allocation of proceeds to warrants
and the beneficial conversion feature.

<PAGE>

Liquidity and Capital Resources

         During  the first  nine  months of 2000,  the  Company's  cash and cash
equivalents  increased by  $19,938,000.  At September 30, 2000,  the Company had
$28,434,000  in cash  and  cash  equivalents,  $17,011,000  in  investments  and
restricted cash, and working capital of $39,558,000, with no long-term debt.

         During the first nine months of 2000, cash used in operating activities
of  continuing  operations  was  $13,400,000  compared to $3,909,000 in the same
period in 1999.  Cash used in  operating  activities  of  continuing  operations
during the first nine months of 2000 reflects operating losses 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 operating  activities of continuing  operations
during  the first nine  months of 1999 was  primarily  related to the  operating
losses and the increases in accounts receivable and deferred revenues.

         Cash provided by investing activities for the first nine months of 2000
was $34,145,000 in proceeds from the sale of  investments,  offset by $2,861,000
of property and equipment  purchases and $251,000 of investment  purchases.  The
Company had $56,000 of property and  equipment  purchases  during the first nine
months of 1999.

         Financing  activities  provided  $1,600,000 in the first nine months of
2000  compared to  $7,796,000  during the first nine  months of 1999.  Financing
activities in the first nine months of 2000  consisted of proceeds from the sale
of the Company's common stock through stock option exercises,  warrant exercises
and the Employee Stock Purchase  Plan, a capital  contribution  and purchases of
common stock into  treasury.  Financing  activities  in the first nine months of
1999  reflected the sale of the  Company's  common stock and the issuance of the
Series B Preferred Stock.


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

<PAGE>

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
Electronic Bill  Presentment and Payment 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.


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

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


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

        10.9   Employment and  Non-Competition  Agreement between InteliData
               Technologies Corporation and Michael E. Jennings, dated June
               14, 2000.

        10.10  Employment and  Non-Competition  Agreement between  InteliData
               Technologies Corporation and William F. Gorog, dated November 1,
               2000.

        10.11  Employment and Non-Competition Agreement between InteliData
               Technologies Corporation and Steven P. Mullins, dated November 1,
               2000.


(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,
                                        and Director