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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	November 1, 2006
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  	eFunds Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	1-31951
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  	39-1506286
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	&nbsp;
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  	&nbsp;
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  	Gainey Center II, Suite 300, 8501 North Scottsdale Road, Scottsdale, Arizona
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  	&nbsp;
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  	85253
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	480.629.7700
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
  </P>
  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 1.01 Entry into a Material Definitive Agreement.
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  Effective as of November 1, 2006, the Company amended the eFunds Corporation 2005 Deferred Compensation Plan (the "Plan") to allow members of its Board of Directors who are not employees of the Company to participate therein.  As amended, the Plan permits participating directors to defer the receipt of between 10-100% of the annual cash retainers paid to them for service on the Board of Directors and its committees.  Members of the Board are eligible to participate in the Plan commencing in 2007.  <br><br>The fees deferred by a participating director (a "Deferral") will be credited with earnings and investment gains and losses by assuming that they were invested in one or more investment options selected by the director in accordance with the terms of the Plan.  The deemed investment options include various investment funds with different degrees of risk.  Directors may reallocate amounts among the various investment options on a daily basis.  Deferrals will not actually be invested in the investment options available under the Plan.  These deemed investment options are merely measuring tools to determine the value of a Director&#x2019;s account.  Deferrals under the Plan will be unsecured obligations of the Company that will rank equally with its other unsecured indebtedness outstanding from time to time.  The Company has created a "Rabbi Trust" that could be funded and used to pay benefits under the Plan, but the assets of the trust would also be subject to the claims of the Company&#x2019;s general creditors.  <br><br>The Plan allows participating directors to elect to have any Deferrals credited to their accounts paid in a lump sum upon termination of their service on the Board or on a subsequent anniversary of their service termination date, paid in installments following a termination of service or during their continued tenure on the Board.<br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	eFunds Corporation
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  	&nbsp;&nbsp;
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  <I>
  	November 3, 2006
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  	&nbsp;
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  <I>
  	By:
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  	&nbsp;
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  <I>
  	/s/ George W. Gresham
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  	&nbsp;
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  <I>
  	Name: George W. Gresham
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  <B>
  	Exhibit No.
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  	&nbsp;
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  	Description
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  	10.1
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  	&nbsp;
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  eFunds Corporation 2005 Deferred Compensation Plan, first effective January 1, 2005 (as amended November 1, 2006)
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_16066.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11415}]
metadata_filer: {"company-data": {"conformed-name": "EFUNDS CORP", "cik": "0001109190", "assigned-sic": "7389", "irs-number": "391506286", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31951", "film-number": "061187353"}, "business-address": {"street1": "8501 N. SCOTTSDALE RD", "street2": "GAINEY CENTER II, SUITE 300", "city": "SCOTTSDALE", "state": "AZ", "zip": "85253", "phone": "6026592135"}, "mail-address": {"street1": "8501 N. SCOTTSDALE RD", "street2": "GAINEY CENTER II, SUITE 300", "city": "SCOTTSDALE", "state": "AZ", "zip": "85253"}}
text: eFunds Corporation (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  November 1, 2006
  eFunds Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  1-31951
  39-1506286
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  Gainey Center II, Suite 300, 8501 North Scottsdale Road, Scottsdale, Arizona
  85253
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  480.629.7700
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  Effective as of November 1, 2006, the Company amended the eFunds Corporation 2005 Deferred Compensation Plan (the "Plan") to allow members of its Board of Directors who are not employees of the Company to participate therein.  As amended, the Plan permits participating directors to defer the receipt of between 10-100% of the annual cash retainers paid to them for service on the Board of Directors and its committees.  Members of the Board are eligible to participate in the Plan commencing in 2007.
  The fees deferred by a participating director (a "Deferral") will be credited with earnings and investment gains and losses by assuming that they were invested in one or more investment options selected by the director in accordance with the terms of the Plan.  The deemed investment options include various investment funds with different degrees of risk.  Directors may reallocate amounts among the various investment options on a daily basis.  Deferrals will not actually be invested in the investment options available under the Plan.  These deemed investment options are merely measuring tools to determine the value of a Director's account.  Deferrals under the Plan will be unsecured obligations of the Company that will rank equally with its other unsecured indebtedness outstanding from time to time.  The Company has created a "Rabbi Trust" that could be funded and used to pay benefits under the Plan, but the assets of the trust would also be subject to the claims of the Company's general creditors.
  The Plan allows participating directors to elect to have any Deferrals credited to their accounts paid in a lump sum upon termination of their service on the Board or on a subsequent anniversary of their service termination date, paid in installments following a termination of service or during their continued tenure on the Board.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  eFunds Corporation
  November 3, 2006
  By:
  /s/ George W. Gresham
  Name: George W. Gresham
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  eFunds Corporation 2005 Deferred Compensation Plan, first effective January 1, 2005 (as amended November 1, 2006)