SCOTTSDALE, Ariz. – eFunds Corp., processor for the credit union-owned CO-OP Network, said yesterday that fourth quarter earnings surged 72% to $19.5 million, or 41 cents a share. Revenues grew a slight 2% to $140 million for the fourth quarter. For the full year, earnings climbed 10% to $54.5 million, or $1.15 a share, while revenues rose 10% to $552.4 million. Over the last three years eFunds has shifted some of its business, selling off its 14,000 fleet of ATMs to TRM Corp., and acquiring WildCard Systems, a provider of stored value card services for financial institutions.
Processing Content
