News

eFunds renews processing agreement with UMB Bank

April 28, 2004

SCOTTSDALE, Ariz. - eFunds Corporation (NYSE: EFD) has renewed its agreement with long-time partner UMB Bank to provide EFT processing, network access and ATM monitoring and support for the bank's 153 locations and 500 ATMs throughout the Midwest.

In addition, the new agreement will introduce an authorization solution to help UMB Bank manage PIN validation and change.

While terms of the agreement were not disclosed, the three-year renewal was signed in January and implementation of add-on services will begin this month.

UMB Bank, which has 153 bank locations across six states, has been a partner of eFunds for more than 13 years, according to a news release.

"Over the course of our relationship, eFunds has proven that they are in touch with the real-life challenges we face -- they understand our business, our goals and our customers' needs.  That has helped us to improve what we offer to our customers," said Jim Braddock, UMB's vice president, ATM Network.