eFunds Offers Cost Effective Check 21 Back Office Solutions

Market Wire, January, 2006

eFunds Retail Risk Solutions (NYSE: EFD) announced today an expansion of its Check 21 product suite by offering eXpress Deposit, a hosted Check 21 and Check Conversion solution for retailers, banks, and remittance processors.

Building on the eFunds 30-year history in check authorization, ATM processing and ACH processing, eXpress Deposit solutions provide check acceptors the ability to safely and expediently process their check deposits via the most cost effective method.

"The market is looking for ways to reduce its overall payment costs, including those associated with check acceptance and deposits," commented Rahul Gupta, Senior Vice President, Payment Account Solutions at eFunds Corporation. "This new service, combined with our recently released end-to-end ATM check image product, continues to demonstrate eFunds' leadership in creating solutions that allow financial institutions and retailers to reduce costs through Check 21 Legislation."

The Federal Check Clearing for the 21st Century Act (Check 21) went into effect in October 2004, allowing the creation of digital images of checks for deposit. By leveraging Check 21 and the ACH network, eXpress Deposit provides check acceptors with a tool to evaluate each check and determine the best route to clear that check using such factors as risk, ACH eligibility, depository costs, settlement windows, and float. Additionally, for returned checks, eXpress Deposit determines the most cost effective way to handle the item, thereby maximizing recovery efforts, involving such features as resubmission timing and Notification of Change integration.

"By adding eXpress Deposit to our set of check acceptance and settlement solutions, we are able to provide a systemic approach to reducing the overall costs of check acceptance," said Michael Bates, Director of Transaction Risk Solutions for eFunds. "The ability for check acceptors to easily combine risk management strategies, deposit strategies and recovery strategies allows them to most effectively manage their check processing with one turnkey approach."

eXpress Deposit provides check deposit services for retail back office, remittance processing, point of sale, internet checks, and telephone. It is fully integrated into the eFunds Retail Risk Solutions' current line of check related products.

About eFunds

eFunds Risk Solutions is a subsidiary of eFunds Corporation, an industry leader with nearly 30 years of experience and expertise in electronic payments and risk management. eFunds and its subsidiaries offer electronic funds transfer software and processing, risk management and related outsourcing solutions to financial institutions, electronic funds transfer networks, retailers, telecommunications providers and government agencies 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. 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 Quarterly Report on Form 10-Q for the period ending September 30, 2005.

For additional information: Thom Brodeur Brodeur Worldwide 602-808-1165 Email Contact