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SCOTTSDALE, Ariz. – eFunds Corporation has appointed Paul F. Walsh, 53, chairman and CEO effective immediately. Walsh succeeds chairman/CEO J. A. “Gus” Blanchard, 59, who will serve as Transition Advisor until his planned December 31, 2002. Walsh was most recently chairman/CEO of Clareon Corporation, a privately held electronic payments provider based in Portland, Maine. From 1999 to 2000, Walsh served as chairman of ideal Partners, a private equity firm, funded in part by Bank Boston Capital and Berkshire Partners “We are very pleased that Paul Walsh has accepted this position to lead the eFunds organization.He has demonstrated in past positions his keen ability to build and inspire strong management teams, and deliver tangible results.,” said Blanchard.

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