SOURCE: eFunds Corporation

November 14, 2006 08:00 ET

National City Selects eFunds QualiFile

Business Insight in Account Origination and Risk Management Solutions Optimizes Revenue Generation and Account Profitability

SCOTTSDALE, AZ -- (MARKET WIRE) -- November 14, 2006 -- eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced that National City Corporation (NYSE: NCC) has selected the QualiFile® service -- part of the ChexSystems(SM) suite of products and offered by its subsidiary Chex Systems, Inc. -- for account origination decision support for its more than 1,200 branches in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania. National City is one of the nation's largest financial holding companies operating in the commercial and retail banking, mortgage financing and servicing, consumer finance and asset management markets. The company will use QualiFile to increase deposit account openings and improve cross selling of products.

QualiFile facilitates account opening and provides advanced decision support through access to eFunds' proprietary DebitBureau® database and analytical models that support improved account origination decision-making and cross selling. These capabilities enable financial institutions to open more profitable accounts while protecting themselves from account abuse. QualiFile's cross selling features help increase sales of bank products, generating new revenue sources. By using the QualiFile service, organizations are able to make better automated decisions, and provide better service at the point of sale by increasing time spent focused on the customer and less time spent interpreting data.

"QualiFile continues to be the product of choice for advanced scoring and decisioning among institutions of all sizes," said Rahul Gupta, president, eFunds U.S. "The QualiFile service moves our customers from simply relying on data to decide whether or not to open an account, to relying on the business insight we provide through a broader set of data and analytics that helps financial institutions maximize revenue and profitability on customer accounts."

QualiFile's unique data set and analytics are designed to predict deposit account risk by integrating fraud and identification information with risk assessment into a single real-time business rules engine that generates a simple response.

Eighty percent of U.S. banks and credit unions belong to the ChexSystems network. The ChexSystems suite of products, including QualiFile, is currently used by more than 95,000 financial institutions locations across the United States by more than 8,800 financial services companies, including 96 of the top 100 banks. QualiFile has a proven history of improving customer profitability and risk management results. Currently, over a third of the new accounts opened using eFunds' ChexSystems product suite rely on QualiFile.

About eFunds

Chex Systems, Inc., is a wholly owned subsidiary of eFunds Corporation. 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.

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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