Citi extends switch processing agreement with eFunds

Citi extends switch processing agreement with eFunds
February 9, 2004

SCOTTSDALE, Ariz. — eFunds Corporation (NYSE: EFD) has signed a contract to continue providing EFT network switch processing for Citishare Corporation, a subsidiary of Citigroup.

Under the agreement, eFunds will continue processing transactions for Citishare's worldwide network affiliates, and will continue to provide zero service outage and currency conversion capabilities for Citishare's international endpoints.

According to a news release, the Citishare EFT network switch runs via eFunds' data center using a Connex on Tandem NonStop platform.