SOURCE: eFunds Corporation

November 14, 2006 08:00 ET

NETS Renews and Expands 19-Year Partnership With eFunds

Integrated Solution for EFT Processing and Fraud Detection Delivers New Value to NETS Member Institutions

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 NETS, Inc. has extended its 19-year strategic partnership with eFunds and renewed its multi-year agreement with the company. In addition, NETS, Inc. has expanded its investment in eFunds solutions, implementing eFunds CONNEX™ 1.5 and eFunds FraudManager to enable its members' customers to have even more reliable access to their funds and transact with greater confidence.

NETS has completed the migration to CONNEX 1.5, which will be used to monitor and offer continuous processing capabilities for the 1600 ATMs in the U.S. Midwest supported by the company. The company will also use CONNEX to provide near-zero outage for EFT customers, ensuring optimal performance of NETS' EFT platform and ATM services. NETS offers a full range of electronic funds transfer (EFT) services to 350 member financial institutions and routes over five million transactions per month globally.

In addition to CONNEX 1.5, NETS is adopting eFunds FraudManager and Authorization Blocking software to provide a complete solution for transaction authentication, predictive fraud detection and prevention, and case management for all member financial institutions. With its highly flexible set of user-configurable fraud rules, FraudManager enables issuers and acquirers to detect preventable fraud as early as possible to avoid potential loss. CONNEX and FraudManager are both key components of eFunds' Open Enterprise (OE) Integrated Payments Platform solutions suite. OE is designed to lower the overall cost of EFT platform deployment and ownership, while offering the flexibility to easily expand EFT processing services across the entire payments lifecycle.

"Our relationship with NETS has been highly strategic for more than 19 years," said Rahul Gupta, president eFunds U.S. "Not only have they been enthusiastic early adopters for our latest payment processing innovations like CONNEX 1.5, they have also recognized the value in extending their EFT processing platform through FraudManager's powerful rules-based detection and case management features. This in turn helps NETS' member institutions comply with industry fraud management requirements, better protect cardholders and avoid potential losses."

"At NETS, we strive to be forward thinking and innovative, while keeping our eye on reliable, consistent service delivery and cost control," said Phil Jossi, president and chief executive officer, NETS, Inc. "Our strategic relationship with eFunds gives us the flexibility and technology expertise we need to do that, and provides the added incentive to participate in early adopter programs like CONNEX 1.5 and FraudManager. We look forward to a continued partnership with eFunds."

NETS' use of FraudManager's extensive research and decisioning capabilities, including case management to identify and prevent potential payment fraud, has also been endorsed by CUNA Mutual Group.

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.

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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