eFunds Selected to Deliver SCAN(SM) Solution to Paymentech Customers

Market Wire, August, 2004

eFunds Corporation (NYSE: EFD), a leading provider of risk management, electronic payments, ATM and global outsourcing solutions, today announced it has expanded its relationship with Paymentech, a private payment solutions company delivering both on-line and off-line solutions for leading retail organizations. Deposit Payment Protection Services, Inc., a wholly owned subsidiary of eFunds Corporation, and Paymentech have negotiated a contract in which Paymentech will make its SCAN(SM) check authorization services available to its top retail and e-commerce customers.

Paymentech processes more payment transactions for retailers than any other company in North America, and more than half of all Internet transactions for retailers. Services are targeted to the traditional point of sale, Internet, catalog and recurring payments, allowing customers to choose how they pay -- whether online, in person or via phone. Paymentech provides these services to leading retailers, including more than 60 percent of the direct merchant market in the United States.

"Our relationship with Paymentech will increase the visibility and customer footprint for our SCAN(SM) check authorization services, and will allow Paymentech to provide their retail clients with an improved ability to manage risk, lower costs and enhance the customer service experience," said Rahul Gupta, senior vice president and division executive, eFunds.

"Making the SCAN(SM) database available to all our merchant channels -- including brick and mortar and direct response -- is a tremendous benefit," said Larry De Palma, director, product management for Paymentech. "Now all retailers have the opportunity to leverage and contribute multi-channel information to mitigate risk, protect their business and their bottom line."

eFunds' SCAN(SM) check authorization services are the top-ranked risk management solution for the retail market. Over 400 of the nation's largest retailers rely on SCAN(SM) for secure and reliable check authorization. SCAN(SM) check authorization services offer merchants the most comprehensive set of retail risk management solutions available.

About Paymentech

Paymentech, L.P. processes more payment transactions than any other company in North America -- and more than half of all Internet transactions -- for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments. The privately held company, founded in 1985, is an end-to-end processor for merchants of all sizes and industries. Paymentech's 1,500 employees office in multiple locations, including the Dallas headquarters; New York; Salem, NH; Tampa, FL; and Tempe, AZ. In 2003, Paymentech and its Canadian affiliate, based in Toronto, processed 7 billion transactions and $162 billion in card volume in 14 currencies.

About eFunds

eFunds Corporation (NYSE: EFD) is an industry leader with nearly 30 years of experience and expertise in electronic payments. eFunds provides electronic transaction software and processing solutions, ATM solutions, risk management and global outsourcing solutions to financial institutions, electronic funds transfer networks, government agencies and retailers around the world.

Committed to providing excellent customer service and award-winning products, eFunds enables its clients to reduce transaction and infrastructure costs, detect potential fraud and enhance relationships with their customers. eFunds is one of the largest third-party processors of electronic funds transfers (EFT), is a leading ATM deployer in North America, and is the provider of the world's largest debit database. 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, 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 Quarterly Report on Form 10-Q for the period ending June 30, 2004.

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

For additional information: Thom Brodeur Brodeur Worldwide 602.808.1165 tbrodeur@brodeur.com Laura Lambeth Paymentech 214-849-3523 laura.lambeth@paymentech.com