EFunds Corporation
From Wikipedia, the free encyclopedia
- The correct title of this article is eFunds Corporation. The initial letter is shown capitalized due to technical restrictions.
| eFunds Corporation | |
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| Type of Company | Public (NYSE: EFD) |
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| Founded | Minneapolis, Minnesota, USA |
| Headquarters | Scottsdale, Arizona, USA |
| Key people | Paul F. Walsh, Chairman and Chief Executive Officer |
| Industry | Financial Services, Electronic funds transfer, Retail |
| Products | Connex |
| Revenue |  $501.7 million USD (2005) |
| Employees | 5,000 |
| Slogan | Make every transaction more valuable. |
| Website | www.efunds.com |
eFunds Corporation (NYSE: EFD) has been providing electronic payment and risk management services for nearly 30 years. eFunds and its subsidiaries offer electronic transaction processing, risk management, and related outsourcing solutions to financial institutions, electronic funds transfer networks, government agencies, and retailers around the world.
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[edit] History
eFunds was formed in 1999 as a spin-off from Deluxe Corporation, bringing together some of the most established players in financial risk management and electronic transaction processing services; previously distinct businesses within Deluxe. In January 2000, iDLX Technology Partners, another Deluxe unit, combined with eFunds to add professional services and business process outsourcing capabilities to the new business. In June 2000, eFunds held its initial public offering on the NASDAQ national market and later that year completed its separation from Deluxe.
[edit] eFunds International
Based in the UK, eFunds International Limited extends eFunds' services beyond North America. In India, eFunds employs more than 4,000 employees in its business process outsourcing and IT services operations in Mumbai, Gurgaon and Chennai. A pioneer in offshore outsourcing, the company has been ranked among the top three BPO providers in the country[citation needed]. eFunds provides outsourcing solutions that enhance performance across the entire customer account management lifecycle to customers in the financial services, retail and telecommunications industries.
