eFunds Offers OnlineAccount-Opening

Published October 06, 2005, 1:00 a.m. EDT

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Updated August 27, 2020, 2:23 a.m. EDT

1 Min Read

SCOTTSDALE, Ariz. - (10/06/05) -- eFunds announced Wednesday it is nowoffering an online account-opening solution for credit unions andbanks. The company's eXpress Accounts will provide a one-stop shopfor demand deposit account data, decision making, new accountset-up and funding. The system, offered through eFund's ChexSystems subsidiary, combines all of the components required for acomprehensive, real-time online account opening and fundingsolution. The service includes functions like identity verificationand fraud detection, new account risk, cross-selling and up-sellinganalysis, account verification, a management console forback-office management, credit card/ACH funds transfer processing,and system integration for complete debit card/check printingfulfillment.

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