Star Extends eFunds Contract

Star Systems, Inc., and eFunds Corporation have agreed to a multi-year agreement that will extend the 16-year relationship between the two companies. According to the terms of the contract, eFunds will continue to provide processing services for the STAR Western platform while also providing ATM terminal driving support services for ATMs managed by STAR.

As with earlier agreements, STAR will continue to provide first-line customer service to its member financial institutions, retailers and processors. eFunds will provide secondary support. Currently, eFunds switches approximately 120 million STAR transactions a month in the West.

STAR and eFunds anticipate implementing the shift in terminal driving support by the end of the year. For more information visit www.star-system.com or www.efunds.com.

The STAR Network processes more than 2.7 billion transactions a year, via nearly 3,500 member financial institutions and 620,000 participating ATMs and merchant locations. eFunds is the country’s largest third-party EFT processor, processing more than 5 billion transactions a year.