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                       SECURITIES AND EXCHANGE COMMISSION


                             WASHINGTON, D.C. 20549
                            ------------------------



                                    FORM 10-Q/A



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



For the Quarter ended: March 31, 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 March 31,
2000 was 38,301,505.



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<PAGE>


                                EXPLANATORY NOTE

This interim  report on Form 10-Q/A is being filed as a result of the  Company's
restatement of its condensed consolidated financial statements as of and for the
three months ended March 31, 2000.

In valuing the January 20, 2000 merger  between  Home  Financial  Network,  Inc.
("HFN") and Sybase, Inc. ("Sybase"), the Company accounted for all of the Sybase
common stock and cash  received for its 25%  ownership  interest in HFN, but did
not value  certain  warrants to purchase  Sybase common stock that were received
upon the exchange of warrants to purchase HFN common  stock in  connection  with
the merger.  The estimated  fair market value of these warrants as of the merger
date was approximately $3,332,000.


As a result, the Company has restated its financial results for the period ended
March 31, 2000, which now include an additional non-operating gain recognized by
the Company, as well as an additional $315,000 of unrealized gain on investments
(net of taxes) for the  period.  This Form  10-Q/A  reflects  the effects of the
restatement of the Company's  financial results.

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<PAGE>




                       INTELIDATA TECHNOLOGIES CORPORATION

                          QUARTERLY REPORT ON FORM 10-Q/A

                                TABLE OF CONTENTS


                                                                            Page
PART I - FINANCIAL INFORMATION

   Item 1.  Unaudited Condensed Consolidated Financial Statements

            Condensed Consolidated Balance Sheets
            March 31, 2000 (as restated) and December 31, 1999 ................4

            Condensed Consolidated Statements of Operations
            Three Months Ended March 31, 2000 (as restated) and 1999 ..........5

            Condensed Consolidated Statement of Changes in Stockholders' Equity
            Three Months Ended March 31, 2000 (as restated)....................6

            Condensed Consolidated Statements of Cash Flows
            Three Months Ended March 31, 2000 (as restated) and 1999...........7

            Notes to Condensed Consolidated Financial Statements ..............8

   Item 2.  Management's Discussion and Analysis of Financial Condition
            and Results of Operations ........................................11

   Item 3.  Quantitative and Qualitative Disclosures About Market Risk........15


PART II - OTHER INFORMATION

   Item 6.  Exhibits and Reports on Form 8-K..................................15


SIGNATURE         ............................................................16

<PAGE>



PART I:       FINANCIAL INFORMATION
-----------------------------------
ITEM 1.       FINANCIAL STATEMENTS
----------------------------------
<TABLE>
                      INTELIDATA TECHNOLOGIES CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                      MARCH 31, 2000 AND DECEMBER 31, 1999
                  (in thousands, except share data; unaudited)

                                                                                        2000
                                                                                     (as restated)       1999
                                                                                    ------------    ------------
<S>                                                                                 <C>             <C>
ASSETS
  CURRENT ASSETS
     Cash and cash equivalents                                                      $     10,695    $      8,496
     Restricted cash                                                                         440              --
     Investments                                                                          39,602              --
     Accounts receivable, net of allowance for doubtful accounts                           2,377           1,924
     Prepaid expenses and other current assets                                               397             138
                                                                                    ------------    ------------
         Total current assets                                                            53,511          10,558

  NONCURRENT ASSETS
     Property and equipment, net                                                             895             548
     Other assets                                                                            195             175
                                                                                    ------------    ------------

TOTAL ASSETS                                                                        $     54,601    $     11,281
                                                                                    ============    ============
LIABILITIES AND STOCKHOLDERS' EQUITY
  CURRENT LIABILITIES
     Accounts payable                                                               $      2,159    $      2,343
     Accrued expenses and other liabilities                                                2,196           1,166
     Deferred revenues                                                                        --             616
     Net liabilities of discontinued operations                                              949              69
                                                                                    ------------    ------------

TOTAL CURRENT LIABILITIES                                                                  5,304           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 38,983,255 shares in 2000 and 38,691,040 shares in 1999;
        outstanding 38,301,755 shares in 2000 and 38,009,540 shares in 1999                   39              38
     Additional paid-in capital                                                          258,753         258,133
     Treasury stock, at cost                                                              (2,064)         (2,064)
     Deferred compensation                                                                  (255)           (345)
     Accumulated other comprehensive income                                                2,808              --
     Accumulated deficit                                                                (209,984)       (248,675)
                                                                                    ------------    ------------
TOTAL STOCKHOLDERS' EQUITY                                                                49,297           7,087
                                                                                    ------------    ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                          $     54,601    $     11,281
                                                                                    ============    ============
</TABLE>



    See accompanying notes to condensed consolidated financial statements.

<PAGE>



                       INTELIDATA TECHNOLOGIES CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                   THREE MONTHS ENDED MARCH 31, 2000 AND 1999
                 (in thousands, except per share data; unaudited)


                                                          2000
                                                     (as restated)       1999
                                                      -----------    -----------
Revenues
  Software                                            $       436    $      162
  Consulting and services                                   1,094           189
  Leasing and other                                         1,089         1,773
                                                      -----------    -----------
      Total revenues                                        2,619         2,124
                                                      -----------    -----------

Cost of revenues
  Software                                                     --            16
  Consulting and services                                     574            41
  Leasing and other                                           418           380
                                                      -----------    -----------
      Total cost of revenues                                  992           437
                                                      -----------    -----------

      Gross profit                                          1,627         1,687

Operating expenses
  General and administrative                                1,401         1,638
  Selling and marketing                                     1,324           708
  Research and development                                  2,177           905
                                                      -----------    -----------
      Total operating expenses                              4,902         3,251
                                                      -----------    -----------
Operating loss                                             (3,275)       (1,564)

Realized gain on sale of investment                        42,604            --
Other income                                                  152            43
                                                      -----------    -----------

Income (loss) before income taxes                          39,481        (1,521)
Provision for income taxes                                    790            --
                                                      -----------    -----------

Income (loss) from continuing operations                   38,691        (1,521)
Income (loss) from discontinued operations                     --            --
                                                      -----------    -----------

Net income (loss)                                     $    38,691    $   (1,521)
                                                      ===========    ===========

Basic earnings per common share
  Income (loss) from continuing operations            $      1.01    $    (0.05)
  Income (loss) from discontinued operations                 0.00          0.00
                                                      -----------    -----------
  Net income (loss)                                   $      1.01    $    (0.05)
                                                      ===========    ===========
Diluted earnings per common share
  Income (loss) from continuing operations            $      0.94         (0.05)
  Income (loss) from discontinued operations                 0.00          0.00
                                                      -----------    -----------
  Net income (loss)                                   $      0.94         (0.05)
                                                      ===========    ===========

Basic weighted-average common shares outstanding           38,147        31,693
                                                      ===========    ===========
Diluted weighted-average common shares outstanding         40,955        31,693
                                                      ===========    ===========


See accompanying notes to condensed consolidated financial statements.


<PAGE>

<TABLE>

                                              INTELIDATA TECHNOLOGIES CORPORATION
                              CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                                               THREE MONTHS ENDED MARCH 31, 2000 (as restated)
                                                   (in thousands; unaudited)




                                                                                         Accumulated
                                          Common stock     Additional           Deferred    Other      Accumu-    Compre-
                                      -------------------    Paid-in  Treasury   Compen- Comprehensive lated      hensive
                                        Shares    Amount     Capital   Stock     sation     Income     Deficit     Income     Total
                                      ---------- --------  ---------- --------- -------- ----------- -----------  -------   --------
<S>                                   <C>        <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                128        1         425        -        -            -          -                  426
    Employee stock purchase plan              10        -          21        -        -            -          -                   21
    Exercise of stock warrants               154        -         188        -        -            -          -                  188
  Cancellation of restricted stock             -        -         (14)       -       14            -          -                    -
  Compensation expense                         -        -           -        -       76            -          -                   76
  Unrealized gain on investments,
    net of taxes                               -        -           -        -        -        2,808          -     2,808      2,808
  Net income                                   -        -           -        -        -            -     38,691    38,691     38,691
                                                                                                                  -------
  Comprehensive income                                                                                             41,499
                                       --------- --------  ---------- --------- --------  ----------  ----------  =======   --------
Balance at March 31, 2000                 38,302 $     39  $  258,753 $ (2,064) $  (255)  $    2,808  $(209,984)            $ 49,297
                                      ========== ========  ========== ========= ========  ==========  ==========            ========

</TABLE>



 See   accompanying   notes  to  condensed   consolidated  financial statements.

<PAGE>


                       INTELIDATA TECHNOLOGIES CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                   THREE MONTHS ENDED MARCH 31, 2000 AND 1999
                            (in thousands; unaudited)



                                                             2000
                                                        (as restated)    1999
                                                           --------    ---------

Cash flows from operating activities
Net income (loss)                                          $ 38,691    $ (1,521)
Adjustments to reconcile net income to net cash used in
operating activities:
  Gain on sale of investment                                (42,604)         --
  Deferred income taxes                                         790          --
  Depreciation and amortization                                  59          76
  Provision for losses on accounts receivable                    --         105
  Deferred compensation expense                                  76         181
  Changes in certain assets and liabilities:
    Accounts receivable                                        (453)        (30)
    Prepaid expenses and other current assets                  (279)         46
    Accounts payable                                           (184)        284
    Accrued expenses                                            183         (72)
    Deferred revenues                                          (616)       (133)
                                                           ---------   ---------
      Net cash used in operating activities                  (4,337)     (1,064)
                                                           ---------   ---------

Cash provided by (used in) operating activities of
  discontinued operations                                       880        (689)
                                                          ----------   ---------

Cash flows from investing activities
  Proceeds from the sale of investment                        5,427          --
  Purchases of property and equipment                          (406)         --
                                                          ----------   ---------
      Net cash provided by investing activities               5,021          --
                                                          ----------   ---------

Cash flows from financing activities
  Proceeds from issuance of common stock                        635          98
                                                          ----------   ---------
      Net cash provided by financing activities                 635          98
                                                          ----------   ---------

      Increase (decrease) in cash and cash equivalents        2,199      (1,655)

Cash and cash equivalents, beginning of period                8,496       8,050
                                                          ----------  ----------

Cash and cash equivalents, end of period                  $  10,695   $   6,395
                                                          ==========  ==========

See accompanying notes to condensed consolidated financial statements.

<PAGE>


                       INTELIDATA TECHNOLOGIES CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                   THREE MONTHS ENDED MARCH 31, 2000 (As Restated) AND 1999
                                   (Unaudited)


(1)      Basis of Presentation

                  The  condensed   consolidated   balance  sheet  of  InteliData
         Technologies  Corporation  (InteliData  or Company) as of March 31,
         2000, and the related condensed consolidated  statements of operations,
         changes in  stockholders'  equity,  and cash flows for the three  month
         periods  ended March 31, 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 in the prior 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  maintains  operations  in two  primary  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 its  operations.  Management
         operates  and  organizes  itself  according  to  business  units  which
         comprise unique products and services. Operating (loss) income in these
         two market 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 First Quarter
             Revenues                   $         1,784  $     835  $     2,619
             Operating (loss) income             (3,692)       417       (3,275)

         1999 First Quarter
             Revenues                   $         1,034  $   1,090  $     2,124
             Operating (loss) income             (2,274)       710       (1,564)
         ------------------------------ ---------------- --------- -------------
<PAGE>

(3)      Sale of Investment in Home Financial Network, Inc.

               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 stock. 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.  InteliData recognized a gain of
          approximately $42,604,000 on this transaction during the first quarter
          of 2000.

               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 this  investment 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
          March 31, 2000 is $2,808,000 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 March 31, 2000.

(4)      Discontinued Operations

                  The net liabilities of discontinued  operations as of December
         31, 1999 included 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
         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.

(5)      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. The pending changes,  which could require
         the  Company's  lease  billings to be removed from the US West customer
         bills,  could have a  substantial  effect on the rate of decline of the
         lease base,  the cost of billing,  and the Company's  ability to pursue
         collections. Any
<PAGE>

          changes  in  billing   procedures  could  negatively  affect  the
          Company's  revenue,  cost of  sales,  gross  margin,  and cash flow in
          future periods.


(6)      Restatement

               As described in Note 3, the Company received warrants to purchase
          Sybase  common  stock in exchange  for its  warrants  to purchase  HFN
          common stock.  Subsequent  to the issuance of the Company's  financial
          statements  as of and for the three months  ended March 31, 2000,  the
          Company's management determined that the value of such Sybase warrants
          should have been included in the determination of the gain on the sale
          of HFN and the  valuation  of  investment  in  Sybase.  As  such,  the
          accompanying financial statements as of and for the three months ended
          March 31,  2000 have been  restated to  recognize  an  additional non-
          operating  gain of  $3,332,000  in the  first  quarter  and to  record
          $315,000 of  unrealized  gains  representing  the increase in the fair
          value of the  warrants  from  January 20, 2000 to March 31,  2000,  as
          follows (in thousand, except per share data):

                                                  As Previously
                                                    Reported         As Restated
                                                 -------------       -----------

         As of March 31, 2000:

              Investments                             $35,949            $39,602
              Total Assets                             50,948             54,601
              Accumulated other comprehensive income    2,493              2,808
              Stockholders' equity                     45,717             49,297

         For the three months ended March 31, 2000:

              Realized gain on sale of investment      39,272             42,604
              Net income                               35,426             38,691

              Basic earnings per common share            0.93               1.01
              Diluted earnings per common share          0.86               0.94


                                   * * * * * *

<PAGE>

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

THREE MONTHS ENDED MARCH 31, 2000 AND 1999

     As  described  in Note 3 and 6, the Company  received  warrants to purchase
Sybase  common stock in exchange for its warrants to purchase HFN common  stock.
Subsequent to the issuance of the Company's  financial  statements as of and for
the three months ended March 31, 2000, the Company's management  determined that
the value of such Sybase warrants should have been included in the determination
of the gain on the sale of HFN and the valuation of the  investment  in Sybase.
As such, the  accompanying  financial  statements as of and for the three months
ended March 31, 2000 have been restated to recognize an additional non-operating
gain of  $3,332,000  in the first  quarter and to record  $315,000 of unrealized
gains  representing  the increase in the fair value of the warrants from January
20, 2000 to March 31, 2000.

Revenues

     The Company's  first quarter  revenues were  $2,619,000 in 2000 compared to
$2,124,000  in 1999,  an  increase  of  $495,000.  The  increase  is  attributed
primarily to an increase in software and related professional services revenues,
offset by the  expected  decrease  in the  billable  Caller  ID  leases  and the
royalties  relating to the Visa  Bill-Pay  System.  During the first  quarter of
2000,   software  revenues   contributed   $436,000,   consulting  and  services
contributed $1,094,000 and other revenues contributed $1,089,000. Other revenues
consisted of $835,000 from leasing activities, and $254,000 from royalties.

     During the first quarter of 1999, software revenues  contributed  $162,000,
consulting  and services  contributed  $189,000 and other  revenues  contributed
$1,773,000.  Other revenues consisted of $1,090,000 from leasing activities, and
$683,000 from royalties relating to the Visa Bill-Pay System.

Cost of Revenues

     The Company's  first quarter cost of revenues was $992,000 in 2000 compared
to  $437,000  in 1999,  an  increase of  $555,000.  The  increase is  attributed
primarily to increased  revenues,  changes in product mix, and  increased  costs
related to billings on the Caller ID leasing activities,  which earned 50% gross
profit margins in 2000 compared to 65% gross profit margins in 1999.  During the
first quarter of 2000,  consulting and services costs totaled $574,000 and other
cost of revenues totaled $418,000.  Other cost of revenues consisted of expenses
associated with leasing activities.

     During  the  first  quarter  of 1999,  software  cost of  revenues  totaled
$16,000,  consulting  and  services  costs  totaled  $41,000  and other  cost of
revenues totaled $380,000.

<PAGE>

     Overall gross profit margins decreased to 62% for the first quarter of 2000
from 79% for the first quarter of 1999. The decrease in gross profit margins was
attributed  to changes  in product  mix and  distribution,  competitive  pricing
pressure,  the  introduction of new products and changes in the volume and terms
of leasing activity, as well as the decrease in royalty revenues.

General and Administrative

     General and  administrative  expenses were $1,401,000 for the first quarter
of 2000 as compared to $1,638,000 in the first quarter of 1999.  The decrease of
$237,000 was  primarily  the result of  relocation  expenses  for the  Company's
headquarters  that  occurred in 1999.  The Company also  controlled  general and
administrative  expenses and continues to assess its  operations in managing the
continued  development  of  infrastructure  to handle the  anticipated  business
levels.

Selling and Marketing

     Selling  and  marketing  expenses  increased  to  $1,324,000  for the first
quarter of 2000 from  $708,000  for the same period last year.  The  increase of
$616,000  is  attributed  primarily  to  increases  in the number of selling and
marketing  employees,  travel and professional  services,  advertising and trade
shows. The Company's  emphasis  throughout 2000 will continue to be on marketing
efforts in promoting the Company's brand and products.

Research and Development

     Research and development costs were $2,177,000 in the first quarter of 2000
as compared to $905,000 for the same period in 1999.  The increase of $1,272,000
was largely  attributable  to  increases  in  employees  and outside  consulting
services.  The Company incurs  research and  development  expenses  primarily 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 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 stock. 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.  InteliData
recognized a gain of approximately  $42,604,000 on this  transaction  during the
first quarter of 2000.

<PAGE>
     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 this investment 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 March 31, 2000 is  $2,808,000  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 March 31, 2000.
Future  disposition  of the Sybase  shares will be  reflected as gains or losses
based on the then market value as the transactions occur.


Other Income

     Other income, primarily interest income, was $152,000 for the first quarter
of 2000 compared to $43,000 for the same period in the prior year.  The increase
of $109,000 was due to the increased cash and cash  equivalents  balance for the
first quarter of 2000 compared to the first quarter of 1999.

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.

     The net  liabilities  of  discontinued  operations  as of December 31, 1999
included 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  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 Shares and Basic and Diluted Income (Loss) Per Common Share

     The basic  weighted-average  shares  increased to 38,147,000  for the first
quarter of 2000  compared  to  31,693,000  for the first  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  earnings  per common share (EPS) was
$1.01  compared  to a loss of $0.05  for the  first  quarters  of 2000 and 1999,
respectively.

<PAGE>

     The earnings per common share assuming dilution (diluted EPS) was $0.94 for
the first  quarter of 2000.  Because of losses in the first  quarter of 1999, no
potential common shares were dilutive in that period.


LIQUIDITY AND CAPITAL RESOURCES

     During the first quarter of 2000, the Company's  cash and cash  equivalents
increased  by  $2,199,000,  resulting  from cash  proceeds  from the sale of the
investment in HFN, the sale of the building in discontinued operations,  and the
exercises  of stock  options and  warrants.  These  proceeds  were offset by the
financing  of  current  operations  and  working  capital,  as well  as  capital
expenditures.  At March 31, 2000,  the Company had cash and cash  equivalents of
$10,695,000 and working capital of $48,207,000 with no long-term debt.

     During the first quarter of 2000, cash used in operating activities was
$4,337,000  compared to $1,064,000  in the same period in 1999.  Cash flows from
operating  activities during the first quarter of 2000 included uses of cash for
certain  fixed  operating  expenses  and  increases in accounts  receivable  and
prepaid expenses.

     Discontinued operations provided net cash of $880,000 in the first
quarter of 2000  compared to using  $689,000 in the first  quarter of 1999.  The
Company  received net  proceeds of $988,000 for the sale of the building  during
January 2000.  Liabilities  remaining in the discontinued  operations  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.

     The Company's investing activities during the first quarter of 2000
provided net cash of  $5,021,000,  primarily  from the sale of the investment in
HFN,  offset by the purchase of certain  property  and  equipment to support the
increase in employees and infrastructure.

     Financing  activities  provided  $635,000  in the  first  quarter  of  2000
compared  to $98,000 in the same  period in 1999.  Financing  activities  in the
first  quarter of 2000  consisted  of  proceeds  from the sale of the  Company's
common stock through stock options  exercises,  stock warrant  exercises and the
Employee Stock Purchase Plan.  Financing activities in the first quarter of 1999
consisted of proceeds from the sale of the Company's  common stock through stock
option exercises.


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).

<PAGE>

This report contains  forward  looking  statements that are subject to risks and
uncertainties,  including,  but  not  limited  to,  the  impact  of  competitive
products,  pricing pressure, product demand and market acceptance risks, pace of
consumer  acceptance  of Internet  banking,  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
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 growth,  the market value of the Company's  investment,
product obsolescence, ability to reduce product costs, fluctuations in operating
results,  ability to continue funding operating losses, delays in development of
highly complex products and other risks detailed from time to time in InteliData
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,  InteliData.  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
         --------

         None.


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

         None.



<PAGE>



                                                SIGNATURE


         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