January 11, 2007 19:00 ET

eFunds, IBM and Infomax Team With ITMX to Bring Thailand One Step Closer to a Cashless Society

New National Payment Network Automates Transaction and Settlement Processing for Thailand's Banking System

SCOTTSDALE, AZ--(CCNMatthews - January 11, 2007) - eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced it has teamed with IBM (NYSE: IBM) and Infomax to implement a new national payment network for National Interbank Transaction Management Exchange (ITMX) in Thailand.

The new payment network automates transaction processing across Thailand's banking system, eliminating the need for individual financial institutions to upgrade and maintain their own payments systems while bringing Thailand one step closer to its goal of establishing a cashless society. The new network, set to manage over 1.5 million transactions per day and projected to grow 15 percent annually over the next several years, also streamlines credit and debit card management throughout Thailand, providing real-time and batch transaction processing for ITMX Member Banks.

ITMX was established in late 2005 to provide businesses, individuals and banks with access to electronic payment services, acting as a switching centre for interbank, business to business, business to consumer and consumer to business payment transactions. eFunds, IBM and Infomax teamed to design a payments solution that delivers new and enhanced interbank services while minimizing operational risk for ITMX Member Banks.

Ms. Wanna Noparbhorn, Managing Director, ITMX, explained: "Although there were a number of companies that could provide pieces of the infrastructure, eFunds, working with IBM and Infomax, was the only vendor able to offer us a complete solution with fraud and risk management as integral components. They were also able to show years of unrivalled experience from the work they have been doing with other large global financial services companies."

ITMX selected eFunds' enterprise payment platform because of the added value offered by its integrated framework, which helps financial services companies bridge the gap between payments processing and risk management. Built on eFunds' Open Enterprise™ architecture, which can be easily extended to incorporate additional future functionality, the solution provides a customer-centric approach to integrated payments delivery across all consumer channels, while helping control settlement, transactional and account-based risk.

The new payment network is powered by eFunds' best-in-class application software running on IBM System p servers and WebSphere middleware, all tightly integrated by IBM's Global Technology Services. Infomax's strong local presence and experience in implementing and supporting the current national ATM interbank platform brings in-depth subject matter expertise and local support capabilities.

Shailesh Kotwal, president of eFunds International, commented, "We understood that ITMX needed a central platform for its payments infrastructure. The solution not only integrates the front, middle and back office but includes enhanced risk management components, which were an important part of the whole contract. It will ensure ITMX is ready to face the challenges of the evolving financial services market, grow their business and respond to market demands for new customer offerings."

"Providing ITMX with an integrated payments solution that is secure and reliable will help its Member Banks focus more on growing their business and less on managing IT systems," said June Felix, general manager, banking solutions, IBM. "The combination of eFunds, IBM and Infomax technologies enables ITMX to establish the foundation for Thailand's transformation to a cashless society."

About eFunds

With more than 30 years of payment processing and information intelligence expertise, eFunds delivers flexible, innovative solutions to the world's leading businesses. Leveraging mission-critical business insight, eFunds enables financial services companies, retailers and government organizations to grow their business while reducing transaction and infrastructure costs, detecting potential fraud and building long-term customer value. eFunds' flexible delivery model means solutions can be run in-house, outsourced or anything in between, helping customers balance the need for control with operational efficiency and low cost of ownership. From the point of account opening to the settlement of every transaction -- debit, credit or prepaid -- eFunds helps businesses win more of the right customers, service them more efficiently and keep them. Additional information is available at www.eFunds.com

Statements made in this release concerning the Company's or management's intentions, expectations, or predictions about future results or events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are necessarily subject to risks and uncertainties that could cause actual results to vary from stated expectations, and such variations could be material and adverse. Factors that could result in such a variation include, but are not limited to, the inherent unreliability of earnings and revenue growth predictions due to numerous factors, including many beyond the Company's control, potential difficulties, delays and unanticipated expenses inherent in the development and marketing of new products and services, competitive factors, the unpredictability of merger and acquisition activity, and the numerous risks and potential additional costs, disruptions and delays associated with the establishment of new business initiatives. Additional information concerning these and other factors that could cause actual results to differ materially from the Company's current expectations is contained in the Company's Annual Report on Form 10-K for the period ending December 31, 2005 and its subsequent filings on Form 10-Q.

About ITMX

National Interbank Transaction Management Exchange (ITMX) was originally founded under the name ATM Pool Company Limited in 1993. Subsequently, on July 8, 2005, the company was renamed National ITMX Company Limited to expand and extend the scope of the company's business and products. Specifically, National ITMX was created to satisfy Thailand's requirement to keep up with continuing global advancement in electronic commerce and payment systems. The shareholders of National ITMX are local commercial banks in Thailand.

Under direction from the Bank of Thailand, National ITMX is set up to be the key infrastructure and central data processing system that exchanges, manages, and processes data across member banks/organizations in order to support e-commerce, electronics fund transfer, etc. The system supports all kinds of electronic payments and funds transfer from various channels including ATMs, Counters, Internet and mobile channels. To foster the interoperability among banks, the system created utilizes open platform that are secured, efficient, and has the ability to respond rapidly to the ever changing business environment. Stemming from the Bank of Thailand's insight, National ITMX is developing a framework to bring Thailand's electronic commerce and payment system to the same level as international best practice.

For more information about IBM banking solutions, please visit www.ibm.com/banking.

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