eFunds Announces Two Acquisitions
eFunds has announced two acquisitions in the fraud and risk management arena.
"We are pleased to welcome both Penley and LCS to the eFunds group of companies," said Paul Walsh, chairman and chief executive officer, eFunds Corporation. "These acquisitions will allow eFunds to offer an integrated platform for risk management, fraud prevention and revenue optimization through our industry leading ChexSystems(SM) product suite. In addition, these acquisitions provide us with an entry point to extend our solutions into the Credit Card, Insurance and Broker Dealer markets.
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