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Article: American Express Teams With eFunds Prepaid Solutions in Prepaid Card Processing Agreement Partnership Will Support Future Growth of American Express Prepaid Cards

Article from:
CCNMatthews Newswire
Article date:
December 6, 2006
Copyright

NEW YORK, NY and SCOTTSDALE, AZ--(CCNMatthews - December 06, 2006) - American Express (NYSE: AXP), a leader in prepaid cards, and eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced a global, multi-year strategic partnership in which eFunds will provide processing services for the American Express portfolio of prepaid cards.

The agreement combines the companies' industry-leading capabilities to support the future growth of American Express prepaid products. eFunds' prepaid card processing expertise will provide American Express with increased flexibility, greater capacity and enhanced functionality ...

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