BROOKFIELD, Wis., Sep 05, 2006 (BUSINESS WIRE) -- Fiserv CBS Worldwide, a business unit of Fiserv Inc. (Nasdaq:FISV), today announced a new strategic business alliance with eFunds ID Verification Solutions, a subsidiary of eFunds Corp. This alliance enables Fiserv to help financial institutions guard against increasing fraudulent activity and identification theft in today's challenging business environment.

Fiserv is integrating the eFunds ID Verification solution, including watch list functionality, into its core platform, resulting in a seamless and fully compliant new account opening process. The application assists banks in their fight against money laundering and identity theft while helping them comply with sections 326 and 314(a) of the USA Patriot Act, as well as OFAC regulations. Financial institutions can complete in seconds an identity assessment of individuals by cross-referencing more than 23 billion records from multiple and independent data sources, including government watch lists.

"By integrating the eFunds ID Verification solution into our new account opening platforms, our customers will gain access to a market-leading solution that performs both ID verification and comprehensive watch list checking within a single, streamlined process in both real time and batch mode," said Virginia Garcia, global strategist for risk management and compliance at Fiserv CBS Worldwide. "Fiserv's CBS ID Verify solution will allow banks to comply with pressing regulatory mandates while delivering a seamless process experience and service excellence to their customers, thus delivering broader business value than mere compliance."

Rahul Gupta, president of eFunds U.S., said: "Once again, eFunds has earned the opportunity to broaden and deepen its business relationship with Fiserv through tight integration of our risk and fraud solutions to their leading core banking platforms. Our financial institution customers have expressed their desire for our companies to continue to enhance our integration within the new account enrollment process. Together, we are selling and delivering solutions that our customers require of us to help meet their business goals."

About eFunds

eFunds ID Verification Solutions is a subsidiary of eFunds Corp. (NYSE:EFD). With more than 30 years of payment processing and information intelligence expertise, eFunds delivers flexible, innovative solutions to the world's leading businesses. Leveraging mission-critical business insight, eFunds enables financial services companies, retailers and government organizations to grow their businesses while reducing transaction and infrastructure costs, detecting potential fraud and building long-term customer value. eFunds' flexible delivery model means solutions can be run in-house, outsourced or anything in between, helping customers balance the need for control with operational efficiency and low cost of ownership. From the point of account opening to the settlement of every transaction - debit, credit or prepaid - eFunds helps businesses win more of the right customers, serve them more efficiently and keep them. Additional information is available at www.eFunds.com.

About Fiserv CBS Worldwide

Fiserv CBS Worldwide, a unit of Fiserv Inc. (Nasdaq:FISV), delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the U.S., the United Kingdom, Poland, Singapore, Australia, China, Indonesia, Colombia and Costa Rica, Fiserv CBS Worldwide enables nearly 300 financial institutions to deliver integrated solutions for managing the entire customer life cycle, from core banking to multichannel customer contact and data warehousing. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.

About Fiserv Inc.

Fiserv Inc. (Nasdaq:FISV), a Fortune 500 company, provides information management systems and services to the financial and health benefits industries. Leading services include transaction processing, outsourcing, business process outsourcing, software and systems solutions. The company serves more than 17,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2005 and 2004 FinTech 100 surveys. Fiserv Health provides health plan management, pharmacy benefits management, and BPO services to the managed care market and self-funded commercial and government employers and health plans. Headquartered in Brookfield, Wis., Fiserv reported more than $4 billion in total revenue for 2005. For more information, please visit www.fiserv.com.

SOURCE: Fiserv, Inc.

Fiserv CBS Worldwide
Carol Cowan, 407-514-1146
or
Fiserv, Inc.
Mike Muckian, 262-879-5667

Copyright Business Wire 2006

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