Released on = February 9, 2007, 1:52 am

Press Release Author = Ayush Mathur

Industry =

Press Release Summary = efunds , As an industry leader with 30 years of experience
efunds provides leading technology and proven solutions in financial risk management
and electronic payments to financial services, retailers, governments and other
businesses worldwide.



The release speaks of efunds announcing that \" eFunds helps Kiwibank launch prepaid
Prezzy Card \"



Press Release Body = eFunds helps Kiwibank launch prepaid Prezzy Card






New Delhi, 9th February, 2007 - Kiwibank, one of the major banks in New Zealand, has
chosen to work with eFunds, the company that delivers innovative payment processing
and information intelligence solutions, to launch and manage the Prezzy Card, a
prepaid Visa gift card.



Terese Tunnicliffe, General Manager of Payment Services at Kiwibank comments on
choosing eFunds: "eFunds has considerable experience in prepaid, particularly in the
United States where it is already well established as a method of payment. We were
confident that we would be able to take advantage of this international knowledge to
launch a product which would suit our local customers. eFunds worked closely with
our own staff to design and implement the Prezzy Card scheme, and will continue to
provide an end-to-end outsourced processing solution for our prepaid operation."



The Prezzy Card can be purchased from over 300 participating New Zealand PostShops.
It is easy to buy and use and offers a convenient gift option as, unlike gift
vouchers, it can be redeemed anywhere that Visa is accepted, including online.



"Banks can leverage their existing network of branches and card knowledge to
introduce a prepaid card product like the Prezzy Card," says Michael Flynn, managing
director, eFunds prepaid Asia Pacific. "This presents a great opportunity to offer
existing and prospective customers a new, convenient product and bring in a fresh
source of income. We look forward to working with Kiwibank as prepaid grows in New
Zealand."





About eFunds

eFunds Prepaid Solutions is a subsidiary of eFunds Corporation. With more than 30
years of payment processing and information intelligence expertise, eFunds delivers
flexible, innovative solutions to the world's leading businesses. Leveraging
mission-critical business insight, eFunds enables financial services companies,
retailers and government organisations to grow their business while reducing
transaction and infrastructure costs, detecting potential fraud and building
long-term customer value. eFunds' flexible delivery model means solutions can be
run in-house, outsourced or anything in between, helping customers balance the need
for control with operational efficiency and low cost of ownership. From the point
of account opening to the settlement of every transaction - debit, credit or prepaid
- eFunds helps businesses win more of the right customers, service them more
efficiently and keep them. Additional information is available at 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, the
unpredictability of merger and acquisition activity, 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 Annual Report on Form 10-K for
the period ending December 31, 2005 and its subsequent filings on Form 10-Q.





For Further details Contact:

Indroneel Roy/ Satya Verma

iroy@mutualpr.com / sverma@mutualpr.com

9811224689 /9312784185

Mutual PR

Ph: 011 41416523/24/25, Fax: 011 41416526



Web Site = http://

Contact Details = For Further details Contact:

Indroneel Roy/ Satya Verma

iroy@mutualpr.com / sverma@mutualpr.com

9811224689 /9312784185

Mutual PR

Ph: 011 41416523/24/25, Fax: 011 41416526