MasterCard and eFunds Launch Debit Processing Alliance.

Business/Financial Editors

PURCHASE, N.Y.--(BUSINESS WIRE)--Dec. 16, 2003

Cardholder and Authorization Services, ATM Management, and

Network Access now integrated components of the

global MasterCard Debit program

MasterCard International and eFunds Corporation (Nasdaq: EFDS), a leading provider of electronic payments software and processing solutions, today announced the formation of a debit processing alliance, creating MasterCard Complete Debit Processing (CDP). Effective immediately, MasterCard will market eFunds' EFT Processing Services under the MasterCard Complete Debit Processing brand and as an integrated component of the MasterCard Debit program.

"Our partnership with eFunds is clear indication of the MasterCard commitment to better serve our debit customers," said Ruth Ann Marshall, president, MasterCard North America, MasterCard International. "We have channeled our resources to create the most comprehensive and compelling branded debit program in the United States. For a globally interoperable, end-to-end debit signature, PIN-POS and ATM offering, MasterCard remains the place to turn."

With the introduction of MasterCard Complete Debit Processing, MasterCard International adds a flexible, end-to-end debit transaction processing solution to the package of services and products already available under the MasterCard Debit umbrella. Traditionally, MasterCard Debit included the global point of sale and ATM brands (MasterCard(R) / Maestro(R) / Cirrus(R)), a worldwide merchant acceptance network, consumer, business and premium debit programs, deposit account consulting expertise, and offline/online debit transaction switching.

"MasterCard Complete Debit Processing is built on eFunds' industry-leading processing system and software platform used by most of the major payment networks in the United States, supporting more than 80 percent of the nation's debit transactions," added Paul Walsh, CEO, eFunds Corporation. "We are excited to partner with MasterCard to provide financial institutions with scalable technology and professional resources necessary to profit from every step in the debit transaction processing chain."

"MasterCard Complete Debit Processing allows financial institutions to go to one source for a single branded, national and global, ATM/debit card program and underlying debit processing service to support their entire deposit account portfolio," said Richard G. Lyons, Jr., senior vice president, Deposit Access Group, North America, MasterCard International. "Our collaboration with eFunds to offer MasterCard CDP presents issuers with greater economies of scale and, when combined with existing MasterCard Debit services, will help issuers to comprehensively manage their deposit account relationships."

About MasterCard Complete Debit Processing

MasterCard Complete Debit Processing provides an all-inclusive debit processing capability, including the following key components and financial institution benefits:

Cardholder and Authorization Services (PIN and Signature)

-- Provides a single platform for processing both cardholder

transactions and managing card issuance.

-- Facilitates card activation and timely plastic production,

while ensuring best-in-class risk management.

ATM Management

-- Improves overall management of an ATM business, from

transaction processing and ATM deployment, to ongoing

administration, comprehensive reporting, and future terminal

development and roll-out.

Network Access

-- Enables gateway routing for transaction authorization,

settlement, multi-level reporting, as well as exception item

processing and reconciliation tools.

-- Supports financial institutions, merchant acquirers, and

merchants by providing direct connections to all regional,

national and international networks for ATM, POS, EBT and

other funds or debit transaction movement.

MasterCard will have the primary responsibility for marketing and sales of the products and services to prospective customers. A MasterCard customer representative will manage the relationship, as the single point of contact for all MasterCard Complete Debit Processing needs, from technical and migration support, to software upgrades, program implementation and day-to-day account management. Financial institutions can choose "a la carte" any one of the services described.

About eFunds

Headquartered in Scottsdale, Ariz., eFunds Corporation (Nasdaq: EFDS) is an industry leader with nearly 30 years of experience and expertise in electronic payments. eFunds provides electronic transaction software and processing, ATM solutions, risk management and global outsourcing solutions to financial institutions, electronic funds transfer networks, government agencies and retailers around the world.

Committed to providing excellent customer service and award-winning products, eFunds enables its clients to reduce transaction and infrastructure costs, detect potential fraud and enhance relationships with their customers. eFunds is one of the largest third-party processors of electronic funds transfers (EFT), is the largest non-bank deployer of ATMs in North America, and is the provider of the world's largest debit database. www.eFunds.com.

About MasterCard International

MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCard(R), Maestro(R) and Cirrus(R) and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless(R) advertising campaign is now seen in 98 countries and in 46 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com.