eFunds Corporation Announces Organizational Changes

The changes include the formation of a new business unit, the consolidation of existing business units, executive promotions, and the commencement of a search for additional senior management talent. John B. (Jack) Benton, previously head of eFunds International Division, will now lead a newly-formed Solutions Group which will focus on the structuring of significant commercial transactions and large-scale project management. Under Mr. Bentons leadership, the Solutions Group will continue developing eFunds Enterprise Account Management initiative, manage key strategic relationships such as the Companys alliance with MasterCard International and oversee the development of eFunds consulting activities. As previously announced, Rahul Gupta has been promoted to lead a consolidated Electronic Payments and Risk Group, which will now be known as the Payment Account Solutions Division, with specific market focus on the United States. Kathleen Flanagan, the former head of the Companys Global Outsourcing Group, is being promoted to lead a consolidated Global Services Group responsible for Global Outsourcing, ATM Managed Services and the expansion of eFunds international business. A search is underway for a senior executive to lead a new Strategy and Marketing Group. This group will have overall responsibility for the formulation of long-term market and product strategies for eFunds in the global financial services, retailing and telecommunications markets. It will also lead eFunds branding and marketing communications campaigns, as well as government affairs. Corporate Development will continue to be led by Tommy L. Andrews, who will focus on eFunds global merger and acquisition activities. Clyde L. Thomas will continue to serve as Chief Information Officer and head of eFunds Technology division. Michele J. Langstaff will continue to lead Human Resources and Administration. Steven F. Coleman will continue in his role as Senior Vice President, General Counsel and Secretary.