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SCOTTSDALE, Ariz. – Electronic payments provider eFunds Corp. has acquired Penley Inc., a provider of PATRIOT Act and OFAC compliance services, and fraud investigation software vendor Loss Control Solutions Inc. eFunds said it will integrate the customer verification and case management software platforms into its ChexSystems lineup, now in use at more than 95,000 financial institution locations nationwide. The deal was valued at about $6 million. “These acquisitions will allow eFunds to offer an integrated platform for risk management, fraud prevention and revenue optimization through our industry-leading ChexSystems product suite. In addition, these acquisitions provide us with an entry point to extend our solutions into the credit card, insurance and broker dealer markets,” said Paul Walsh, eFunds chairman and CEO.

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