eFunds Signs With Société Générale Group to Manage Card Programs

SCOTTSDALE, AZ – eFunds Corporation (NYSE: EFD), a leading provider of risk management, electronic payments and global outsourcing solutions, today announced that it has signed an agreement with Société Générale, one of the largest financial services groups in the euro-zone, to provide complete card processing services for the bank’s international retail subsidiaries.

Under the terms of the agreement, eFunds will offer each subsidiary full third-party processing services across the transaction lifecycle, including ATM management, merchant acquiring, back-office services and card management. Leveraging eFunds’ global processing infrastructure, Société Générale will be strongly positioned to standardize card processing operations for its international subsidiaries on a common platform.

“As Société Générale’s preferred partner for international card services, eFunds brings proven, world-class payment processing expertise that will help to speed the delivery of new products and services to the bank’s emerging international markets,” said Paul Walsh, Chairman and CEO, eFunds Corporation. “The new solution effectively expands eFunds’ international payment processing footprint, and positions the company for further growth as a global, customer-focused solutions provider.”