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EFD was an American payments services company. It provided financial service companies and other large enterprises with new account decisions, fraud detection and payment processing services. On June 27, 2007, Fidelity National Information Services, Inc. (FIS) announced that it was acquiring EFD in an all-cash transaction valued at about $1.8B. The target completion date for the acquisition was the 3rd quarter of 2007.
| Company type | Subsidiary (since 2007) |
|---|---|
| Industry | Financial services, electronic funds transfer, retail |
| Founded | 1999 in Minneapolis, Minnesota, USA |
| Fate | Acquired by FIS in 2007 |
| Headquarters | Scottsdale, Arizona, USA |
Key people | Gus Blanchard, CEO
Debra Janssen, CEO Paul Walsh, CEO Frank Martire, CEO Gary A Norcross, CEO Stephaine Ferris, CEO |
| Products | AO Smith, Deluxe Data, eFunds products
Connex on IBM built in 1975 Connex on HP built in 1981 (also known Connex Advantage) Data Navigator Fraud Navigator v3.0 Settlement - IBM based backend Settlement System ebtEDGE - EBT processing system PPS - Prepaid South card issuing platform IST switch, All Card, Clearing, MAS - acquired as a part of Oasis Technologies, Canada Chex Systems - Debit Bureau |
| Revenue |  $552.4 million USD (2006) |
Number of employees | 5,000 |
Company history edit
EFD was formed as eFunds Corporation in 1999 as a spin-off from Deluxe Corporation, bringing together established players in financial risk management and electronic transaction processing services; previously distinct businesses within Deluxe.
In January 2000, iDLX Technology Partners, another Deluxe unit, combined with eFunds to add professional services and business process outsourcing capabilities to the new business. In June 2000, eFunds held its initial public offering on the NASDAQ national market and later that year completed its separation from Deluxe.[citation needed]
In March 2007, eFunds Corporation announced its transition to its new corporate brand, EFD.
EFD | eFunds International edit
Based primarily in the US, EFD|eFunds International Limited extends EFD's services beyond North America. In India, eFunds employs more than 5,000 employees in its Software Development, BPO and IT services operations in Mumbai, Gurgaon and Chennai. The company has been ranked among the top three BPO providers in the country.[1]
See also edit
References edit
- ^ Chhabra, Mohit (2004-11-08). "DQ-IDC INDIA SURVEY: BPO E-SAT 2004". DataQuest. Archived from the original on 2006-12-23. Retrieved 2006-12-26.