eFunds Corporation Announces Organizational Changes

eFunds Corporation Announces Organizational Changes Changes Focus on Company's Integrated Service Delivery and Geographic Expansion SCOTTSDALE, Ariz., Jan. 24 /PRNewswire-FirstCall/ -- eFunds Corporation (NYSE:EFD), a leading provider of risk management, electronic payments, and global outsourcing solutions, announced today organizational changes to support the ongoing implementation of its corporate strategy. The changes include the formation of a new business unit, the consolidation of existing business units, executive promotions, and the commencement of a search for additional senior management talent. "We see our future as a global, customer-centric, innovative solutions company for financial institutions, retailers and telecommunications companies," said eFunds' Chairman and CEO Paul F. Walsh. "The evolution of our organization reflects a continuing drive toward achieving this vision." John B. (Jack) Benton, previously head of eFunds' International Division, will now lead a newly-formed Solutions Group which will focus on the structuring of significant commercial transactions and large-scale project management. Under Mr. Benton's leadership, the Solutions Group will continue developing eFunds' Enterprise Account Management initiative, manage key strategic relationships such as the Company's alliance with MasterCard International and oversee the development of eFunds' consulting activities. As previously announced, Rahul Gupta has been promoted to lead a consolidated Electronic Payments and Risk Group, which will now be known as the Payment Account Solutions Division, with specific market focus on the United States. Kathleen Flanagan, the former head of the Company's Global Outsourcing Group, is being promoted to lead a consolidated Global Services Group responsible for Global Outsourcing, ATM Managed Services and the expansion of eFunds' international business. A search is underway for a senior executive to lead a new Strategy and Marketing Group. This group will have overall responsibility for the formulation of long-term market and product strategies for eFunds in the global financial services, retailing and telecommunications markets. It will also lead eFunds' branding and marketing communications campaigns, as well as government affairs. Corporate Development will continue to be led by Tommy L. Andrews, who will focus on eFunds' global merger and acquisition activities. Clyde L. Thomas will continue to serve as Chief Information Officer and head of eFunds' Technology division. Michele J. Langstaff will continue to lead Human Resources and Administration. Steven F. Coleman will continue in his role as Senior Vice President, General Counsel and Secretary. About eFunds eFunds Corporation (NYSE:EFD) is an industry leader with nearly 30 years of experience and expertise in electronic payments and risk management. eFunds and its subsidiaries offer electronic transaction processing, risk management and related outsourcing solutions to financial institutions, electronic funds transfer networks, government agencies and retailers 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, 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, 2004. Source: eFunds Corporation CONTACT: Helen Johnson of eFunds Investor Relations, +1-480-629-7607, Helen_Johnson@efunds.com Web site: http://www.efunds.com/ ------- Profile: International Entertainment