EFD

15 results about this entity

Period: 22 Sep 2004 - 25 Oct 2007

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Fidelity National to spin off lender processing division

Fidelity National to spin off lender processing division

Fidelity National Information Services (FIS) says its board of directors has approved the spin off of its lender processing services (LPS) division into a separate publicly traded company.

SNS Bank outsources card issuing to EFD

SNS Bank outsources card issuing to EFD

Netherlands-based SNS Bank has signed a five year contract with US e-payments firm EFD - formerly known as eFunds - for the supply of EMV credit card issuing services.

Fidelity to buy eFunds for $1.8bn

Fidelity to buy eFunds for $1.8bn

Fidelity National Information Services (FIS) says it has entered into a definitive agreement to acquire US electronic payments firm eFunds in an all cash transaction worth approximately $1.8 billion.

Finextra50 dips to 99.76

Finextra50 dips to 99.76

The Finextra50 Financial Technology Index continues its fortnightly yo-yo pattern, ending last week down 2.6% to close at 99.76, mainly driven by falls in European markets and several key US constituents. iFlex and Mphasis in India benefited from currency movements and takeover speculation, and in the US eFunds also rose on news that a hedge fund has taken a 6.8% stake in the company. Total System Services, Online Resources, Ingenico, Wincor Nixdorf and Temenos all saw their shares fall.

Finextra50 ends first week slightly down

Finextra50 ends first week slightly down

The Finextra50 Financial Technology Index closed down .84% at 99.17 on Friday, as fintech stocks in general dipped slightly following the previous week's exuberance.

Finextra launches Finextra50 fintech index

Finextra launches Finextra50 fintech index

The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. Our weekly update on the index's movements will provide a framework for analysing trends in the financial technology market, particularly vendor consolidation - a trend that shows no sign of slowing down.

EFunds explores merger opportunities; Q1 revenues and profits slip

EFunds explores merger opportunities; Q1 revenues and profits slip

US-based electronic payments services firm eFunds says it is exploring potential merger opportunities after being approached by un-named parties. The news comes as the vendor reports a dip in net income and revenue in the first quarter.

Efunds files lawsuit against MasterCard

Efunds files lawsuit against MasterCard

US payments processor eFunds has filed a lawsuit against MasterCard over the termination of a debit processing alliance agreement signed by the two companies in 2003.

Efunds, IBM and Infomax to implement Thai national payments network

Efunds, IBM and Infomax to implement Thai national payments network

US payments systems vendor eFunds is teaming with IBM and Bangkok-based IT services firm Infomax to implement a new payments network for the National Interbank Transaction Management Exchange (ITMX) in Thailand.

EFunds to acquire WildCard Systems

EFunds to acquire WildCard Systems

US payments processor eFunds Corporation has signed a definitive agreement to acquire Florida-based WildCard Systems, a privately-held provider of pre-paid and stored value card services, for $228.8m plus an earn-out of up to $58.8m.

Visa USA teams with eFunds to expand customer screening service

Visa USA teams with eFunds to expand customer screening service

Visa USA is adding account fraud information from eFunds to its customer screening service in a bid to help its card-issuing members to detect fraudulent card applications.

EFunds to buy India Switch Company

EFunds to buy India Switch Company

US-based eFunds has signed a definitive agreement to acquire the India Switch Company (ISC), a provider of payments processing and managed ATM services, from retail banking firm HMA Data Systems for a maximum consideration of $20 million.

EFunds restructures, prepares for geographic expansion

EFunds restructures, prepares for geographic expansion

US payments systems vendor eFunds Corporation is establishing a new global solutions unit as part of a corporate restructuring programme that will also see the consolidation of other units and a search for new senior management talent.

EFunds adds CNP capability with $19.4 million ClearCommerce acquisition

EFunds adds CNP capability with $19.4 million ClearCommerce acquisition

EFunds Corporation is to acquire ClearCommerce, a privately-held provider of fraud prevention technology for 'card-not-present' (CNP) transactions, including online and mail order/telephone order (MOTO) sales, for $19.4 million in cash.

TRM buys eFunds ATM network for $150m

TRM buys eFunds ATM network for $150m

EFunds has entered into a definitive agreement to sell its network of 17,200 ATMs in the US and Canada to Oregon-based TRM Corporation for $150 million.

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