# eFunds

> eFunds Corporation built payment processing, account-screening, prepaid-card and outsourcing services for financial institutions, retailers and governments. Spun out of Deluxe in 2000, it became a wholly owned FIS subsidiary in September 2007. Its history connects the mechanics of moving money with the data used to decide who gets access to an account.

- **Founded:** 1984
- **Headquarters:** Jacksonville, United States
- **Products:** CONNEX and IST, ChexSystems, DebitBureau, eFunds Prepaid Solutions, SCAN
- **Notable:** Completed its IPO in June 2000 and full separation from Deluxe in December 2000., Built an international customer base described as 10,000-plus financial services companies across 80-plus countries in 2007., Generated US$83.241 million in operating income in 2006.

## Products & services

- **CONNEX and IST** — Electronic funds transfer software supporting payment switching and transaction processing; historical eFunds offerings.
- **ChexSystems** — Account verification and screening data for financial institutions; remains part of FIS.
- **DebitBureau** — Historical database supporting debit-related risk information and analysis.
- **eFunds Prepaid Solutions** — WildCard Systems acquired in July 2005; processing and program support for gift, payroll and other prepaid cards.
- **SCAN** — Historical point-of-sale check verification service.
- **ClearCommerce** — Online payment processing and fraud prevention, added through acquisition.
- **Global outsourcing** — Business process and IT services supporting customers’ operations.
- **Government benefits processing** — Electronic benefit payment processing for government entities.

## Achievements

- Completed its IPO in June 2000 and full separation from Deluxe in December 2000.
- Built an international customer base described as 10,000-plus financial services companies across 80-plus countries in 2007.
- Generated US$83.241 million in operating income in 2006.
- Acquired by FIS on September 12, 2007.

## Latest updates

- **2007-03** — Began transitioning its corporate brand to EFD while retaining the legal eFunds name.
- **2007-06** — FIS announced its agreement to acquire eFunds for approximately US$1.8 billion.
- **2007-09** — FIS completed the acquisition; eFunds became a wholly owned subsidiary.
- **2008-01** — Former chairman and CEO Paul Walsh joined Calera Capital as an operating partner.

## Links

- Website: http://www.efunds.com
- LinkedIn: https://www.linkedin.com/company/efunds

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Profile page: https://yespress.io/efunds
Published by YesPress — https://yespress.io
Last updated: 2026-10-25