eFunds Corporation

eFunds Corporation

November 14, 2006 08:01 ET

eFunds and IBM Team to Deliver Payments Innovation for Financial Services Industry

eFunds Becomes IBM Banking Industry Advantage Alliance Partner

SCOTTSDALE, AZ--(CCNMatthews - November 14, 2006) - eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced it is partnering with IBM (NYSE) through the ISV Advantage for Industries Program to deliver new payments management solutions and a Service Oriented Architecture (SOA) framework to banking and financial services clients. The partnership will help global customers transform business processes and capitalize on emerging opportunities quickly in a rapidly changing payments market.

Banks and financial services providers are faced with the task of renovating older payments systems in response to competitive, regulatory and cost pressures. Many payments systems are siloed, running on multiple platforms from different vendors, each with unique data types, interfaces and message routing capabilities. In addition, many payments functions are deployed redundantly across multiple systems, creating unnecessary costs for banks as they maintain duplicate capabilities.

eFunds' Integrated Payments Platform -- comprised of CONNEX™, IST®/Switch, DataNavigator®, FraudManager and Enterprise View software applications -- and IBM technology including System z and p server platforms, and WebSphere, DB2 and Tivoli middleware, addresses these integration pain points by providing clients with an SOA framework that accesses, integrates and manages payments data wherever it resides. As a result, clients can now have a single view of payments data and share that information with other business applications across the enterprise to gain key insights into customer profitability and cross-selling opportunities.

"Our clients continue to look to eFunds to help lower the operational costs of their payments businesses, and transform transaction data into actionable insight they can use to grow the profitability of their most desirable customers," said Paul F. Walsh, chairman and chief executive officer for eFunds Corporation. "As an IBM Banking Industry Advantage Alliance Partner, we now have a global platform for delivering the benefits of our integrated payment processing and data management software solutions. Leveraging the program helps us better integrate our solutions on standard IBM platforms, middleware and storage systems, which in turn helps our global clients run their businesses more efficiently, more cost-effectively, and more profitably."

"Clients are facing difficult IT decisions as the changing payments landscape introduces new business opportunity and new regulatory demands on aging systems that fail to provide sufficient resiliency and flexibility," said June Felix, General Manager for IBM Banking Solutions. "We are pleased to join forces with eFunds to help clients accelerate the transformation of their payments business, drive more value from existing information assets and achieve their cost reduction and profit objectives with unmatched customer service and satisfaction."

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 businesses 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, serve them more efficiently and keep them. 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 subsequent Reports on Form 10-Q.

eFunds Corporation
Gainey Center II, Suite 300
8501 North Scottsdale Road
Scottsdale, AZ 85253

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