eFunds Corporation (NYSE: EFD), the company that delivers innovative payment processing and information intelligence solutions, today announced the availability of an integrated solution for enterprise payments, transaction data insight and fraud management. Delivered through the recently signed IBM® Banking Industry Alliance, the solution will enable global banking and financial services customers to improve the efficiency of enterprise payments and fraud management on a single IBM System z deployment.

Financial institutions, payment networks and processors face challenges in keeping pace with regulatory requirements, fraud, emerging channel opportunities like prepaid, and customer service enhancement, all while driving down costs of platform maintenance, operations and service expansion. Through a single enterprise payments and fraud management infrastructure optimized for System z, it is now possible to take a business-driven, enterprise view of payments designed to drive new sources of profitability.

"In addition to optimizing the costs of their payment processing infrastructure across multiple lines of business, financial services companies are looking at new ways to leverage the value of transaction data to provide deeper business insight into their customers' needs," said Gwenn Bezard, research director, Aite Group. "Over time, Aite Group believes that institutions will be able to use this insight to drive increased revenue through service expansion and customer cross-sell and up-sell throughout the entire payment account lifecycle."

eFunds' Enterprise Payments Platform on System z -- comprising CONNEX™, IST®/Switch, DataNavigator®, FraudManager and Enterprise View -- enables financial services customers to optimize the efficiency of their payments operations, while capitalizing on the business value of transaction data offering key insights into customer profitability and cross-selling opportunities.

Enabling eFunds' Enterprise Payments Platform on the IBM eServer™ zSeries®, including Linux®, WebSphere application integration middleware, J2EE open industry standards, and Information on Demand data storage solutions like DB2 Universal Database™, all robustly managed through Tivoli®, will help customers consolidate legacy payments operations and technology.