The Scottsdale, Ariz., vendor eFunds Corp. expects this year's earnings to rise 13% to 23% from last year, to a range of $1.30 to $1.42 a share.
The provider of risk management, electronic payment, and other outsourcing services said Wednesday that its revenue would climb 7% to 11%, to a range of $591 million to $613 million.
For the fourth quarter, eFunds' earnings rose 72%, to $19.6 million, and earnings per share rose 71%, to 41 cents. Revenue climbed 2%, to $141 million.
In a conference call, Paul Walsh, eFunds' chairman and CEO, said little about his company's contractual dispute with MasterCard Inc. He reiterated that the companies were in discussions that would "lead to an amicable resolution."
In December, MasterCard terminated eFunds' contract to provide PIN debit processing. Last month eFunds called the termination "improper" in a complaint filed in an Arizona state court.
Mr. Walsh said during the call, "Regardless of how this engagement resolves itself, we expect to continue servicing the existing alliance customer portfolio."
David Parker, an analyst with Merrill Lynch & Co., called MasterCard's contribution to eFunds' earnings minimal and said eFunds' "other alliances and direct sales force can fill in this loss."
