This amount represents an increase of 14% over net revenue of $116 million reported during the second quarter of 2005. Reported operating income was $15 million, or 12% of net revenue, compared to $19 million, or 16% of net revenue, reported in the prior year quarter. The Company's operating income in the second quarter of 2006 reflects a $6 million operating loss by the Prepaid Solutions business that it acquired in July 2005 while the prior year quarterly results include a $2 million benefit from a state business tax refund received during that quarter. Second quarter net income was $10 million, or $0.21 per diluted share, compared to net income of $13 million, or $0.27 per diluted share, reported in the second quarter of 2005.

For the six months ended June 30, 2006, the Company reported net revenue of $272 million compared to net revenue of $231 million reported in the first half of 2005. Reported operating income for the first half of 2006 was $30 million, or 11% of net revenue, compared to operating income of $34 million, or 15% of net revenue, reported in same period in the prior year. Net income for the first half of 2006 was $20 million, or $0.43 per diluted share, as compared to net income of $25 million, or $0.51 per diluted share reported in same period of 2005.

"During the quarter, our Prepaid Solutions business continued to attract and win new customers while we continued our efforts to integrate that business' operations within eFunds. Our prepaid business exhibits a high level of seasonality due to the impact of holiday gift card sales and we continue to anticipate that this business will make a positive contribution over the second half of the year. We expect that this business will be largely neutral to our consolidated operating income for the entirety of 2006," stated Paul Walsh, Chairman and CEO of eFunds. "Our EFT Processing business reported double digit revenue growth and we continued to capitalize on our international opportunities with new customer wins in Asia and Europe," stated Walsh.