SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* ADSTEDT COLLEEN MCKEOWN (Last) (First) (Middle) 8501 N. SCOTTSDALE ROAD SUITE 300 (Street) SCOTTSDALE AZ 85253 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol EFUNDS CORP [ EFDS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Former SVP, Human Resources
	3. Date of Earliest Transaction (Month/Day/Year) 07/31/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock (5,927.995)	08/08/1988(1)		P(1)		0(1)	A(1)	(1)	5,927.995	D
Restricted Stock Units(2)	08/08/1988		A		0	A	(2)	7,302	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy) 200,569	(3)	08/08/1988(3)		A		0		(3)	(3)	Common Stock	200,569	(3)	200,569	D
Option (right to buy) 3,419	(4)	08/08/1988(4)		P(1)		0(1)		(4)	(4)	Common Stock	3,419	(4)	3,419	D

Explanation of Responses:

1. Not Applicable

2. Restricted Stock Units were granted on February 14, 2003. The rights will vest and be converted into shares of common stock on the earlier to occur of (i) the date in 2004 that bonuses are paid pursuant to the Company's annual incentive plan or (ii) March 31, 2004 if, subject to certain exceptions, the holder continues to provide services to the Company through the applicable vesting date. The amount of the units that will vest and be converted into shares of common stock is dependant upon the Company's performance versus the targets set under its annual incentive plan in 2003. The vesting of the units will be accelerated in the event of any change in control of the Company.

3. Options were granted under the Company's Stock Incentive Plan on 6/26/00 (47,569 shares @ $13 per share), 01/01/01 (72,000 shares @ $10.5625 per share), 01/02/02 (51,000 shares @ $13.78 per share) and 2/14/03 (30,000 shares @ $7.08 per share). Each option has a term of 10 years from the date of grant. One-third of each option vests on each of the three succeeding anniversaries of the date of grant if, subject to cetain exceptions, the holder continues to provide services to the Company through the applicable vesting date. The vesting of the options is subject to acceleration upon the approved retirement, death or disability of the holder and any change in control of the Company. The vesting of the option granted on 6/26/00 is also subject to acceleration upon the termination of othe holder's services without cause.

4. Options (2,757 shares @ $14.72424 per share, 441 shares @ $15.2785 per share and 221 shares @ $15.2785 per share) were granted on December 11, 2000 under the Company's Stock Incentive Plan for Deluxe Conversion Awards related to options previously granted by Deluxe Corporation. All of the foregoing options became exercisable on 12/30/00. The options will be exercisable until 12/29/05.

Remarks:

	/s/ Colleen M. Adstedt by Steven F. Coleman	08/19/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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