"I am pleased to welcome Nelson Eng in his new role as president, eFunds U.S.," said Paul Walsh, chairman and chief executive officer, eFunds Corporation. "Nelson's impressive track record of improving customer satisfaction, combined with his success in stimulating revenue and earnings growth by bringing new solutions to the marketplace, will be a valuable asset to the eFunds team."

Eng joins eFunds Corporation with 23 years experience in the technology and software industry and more than 14 years in the financial services markets. Most recently, Eng was general manager and group vice president of the financial services sector for Oracle Corporation where he achieved double-digit growth running sales for Oracle's CRM business. Prior to this role, Eng held various senior management positions at IBM, Vignette and Dell.

"I am pleased to join eFunds and to lead the company's U.S. operations," said Eng. "This is an exceptional opportunity to apply my expertise and experience to a dynamic organization committed to expanding relationships with our existing customers, while introducing our unique end-to-end solutions to more leading financial institutions in the U.S. I look forward to working with this team of world-class executives to help eFunds significantly grow its U.S. share of market."

Eng graduated from New York University Stern School of Business with honors and was inducted into the school's chapter of Beta Gamma Sigma.

"Following the recent appointments of Kay Nichols, executive vice president of product, marketing, and strategy, and Shailesh Kotwal, eFunds' president of International, the addition of Nelson Eng as president of our U.S. business demonstrates our commitment to positioning eFunds for accelerated growth globally," concluded Walsh.