Founded in 1999 as a spinoff from Deluxe Corporation, eFunds Corporation established itself as a major player in the financial services technology sector. The company provided a wide range of services, including electronic funds transfer (EFT) processing for debit cards, ATM network management, and risk management services, most notably through its subsidiary ChexSystems, which provides financial institutions with information on individuals with a history of mishandled checking accounts. In June 2007, Fidelity National Information Services (FIS) acquired eFunds for approximately $1.8 billion, integrating its services and technologies into the FIS portfolio. As a result, eFunds no longer operates as an independent entity.