EFD

2006 EFD Annual Report

The Flying E

History Site Map

A history of expertise spanning decades

EFD may look like a new company, but its heritage and roots run deep. The components that make up the company today emerged from a long legacy of building reliable mission critical solutions for account and payment-driven industries such as financial services, retail, government benefits, and telecommunications.

Deluxe Corporation (NYSE: DLX) first announced the formation of eFunds Corporation in April 1999, bringing together some of the strongest 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 Corporation to add professional services and business process outsourcing capabilities to the new business. In June 2000, eFunds Corporation held its initial public offering on the NASDAQ national market and later that year completed its separation from Deluxe. In 2007, eFunds Corporation announced its new name change to EFD.

Industry leading solutions brought together to create EFD:

Penley, Inc.

  • A leading developer of web-based identity verification products and regulatory compliance services
  • Began in 2002
  • Identity verification solution searches more than 17 billion public records from major credit bureaus, available public records and DMVs

Loss Control Solutions

  • The financial service industry's most widely-used case management solution
  • Began in 1995
  • 29 of the top 100 United States banks use Investigative Case Management System (ICMS), Loss Control Solutions' flagship product

ClearCommerce Corporation

  • Leading provider of ecommerce fraud prevention and payment processing solutions for card-not-present transactions
  • Began in 1995

National Check Protection Services

  • A leading provider of information services in the areas of new account verification, employment screening, and due diligence investigations
  • Began in 1965

India Switch Company Private Limited/ATM Management Business

  • A leading Indian provider of complete ATM managed service solutions, transaction processing and debit card production services
  • Began in 1995
  • An early entrant in the shared payment network services model in India, ISC was one of three companies in the country providing third party EFT processing

WildCard Systems, Inc.

  • A leader in prepaid and stored value card solutions for financial institutions and retailers
  • Began in 1995
  • Pioneer of ClaimCardSM MasterCard®, the first payment system of its kind developed for the insurance industry

Deluxe Electronic Payment Systems

  • Largest third-party Electronic Funds Transfer (EFT) processor in the United States
  • Began in 1976
  • User and provider of award-winning CONNEXTM EFT processing software, which is used to process more than 26 billion transactions a year worldwide
  • Provider of ACH processing services

ChexSystems

  • Leading account verification and financial risk management service in the United States
  • Began in 1971
  • Today serves more than 9,000 financial services companies representing more than 100,000 branch locations throughout the United States

eFunds "Classic"

  • Leading electronic check conversion technology
  • Began in 1984

SCANSM

  • Product of Electronic Transaction Corporation, the first check verification company
  • Began in 1985
  • Most widely accessed check verification network in the United States
  • Today serves more than 68,000 retail locations and 12 of the nation's top 20 retailers

DebitBureau®

  • One of the most comprehensive and current sources of unique debit data used for decision support
  • Created in 1998
  • Consists of more than three billion consumer records received from financial, retail and government sources

iDLX Technology Partners

  • Provider of professional services and business process outsourcing services using unique onsite/offshore model
  • Began in 1991

Oasis Technology, Ltd.

  • A leading provider of open platform payment software solutions
  • Began in 1989
  • Serves customers in more than 70 countries