eFunds Corporation announced that it has filed a Form 12b-25 Notification of Late Filing with the U.S. Securities and Exchange Commission. The Form 12b-25 notifies the SEC that the Company will delay the filing of the financial statements to be included in its Quarterly Report on Form 10Q for the period ended September 30, 2002 while the Company completes its previously announced review of the accounting treatment given to various transactions that occurred in 2000 and 2001 and certain tax matters related to the Company’s India based operations. The Company is in the process of finalizing the conclusions reached by it as a result of the review and will seek to complete its efforts as expeditiously as possible, although the Company cannot provide definitive guidance as to when the review process will be finally concluded.
eFunds delivers innovative, reliable and cost-effective technology solutions to meet its customers’ payment and risk management, e-commerce and business process improvement needs. eFunds provides its services to financial institutions, financial services companies, electronic funds networks, retailers, government agencies, e-commerce providers, and other companies around the world. For more information, visit .