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EFunds completes Wildcard acquisition

04 July 2005  |  1707 views  |  0 Source: EFunds Corporation

eFunds Corporation (NYSE: EFD), a leading provider of risk management, electronic payments and global outsourcing solutions announced today that it has completed the acquisition of WildCard Systems, Inc.

The acquisition will strengthen the Company's debit processing platform with a comprehensive prepaid and stored value capability.

"We are excited to welcome WildCard to eFunds," said Paul F. Walsh, chairman and chief executive officer of eFunds. "From technology synergies and common markets to business cultures and complementary products -- this is a solid fit on every level. Our customers can now benefit from an integrated debit and prepaid offering that is already market tested and proven."

"Since our partnership began last November, we found that the combination of our offerings helps to solve a critical business need of our customers - to simplify their payment environment with an integrated debit and prepaid solution," commented Larence Park, CEO and co-founder of WildCardSystems. "We are looking forward to working even more closely together to help our customers succeed."

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