SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* PALMER GARY LEE JR (Last) (First) (Middle) 8501 NORTH SCOTTSDALE RD SUITE 300 (Street) SCOTTSDALE AZ 85253 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 01/18/2007	3. Issuer Name and Ticker or Trading Symbol EFUNDS CORP [ EFD ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP Global Strategic Bus Devel	5. If Amendment, Date of Original Filed (Month/Day/Year) 05/19/2006
			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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,382.14	D
Common Stock	7,000	I	Shares are owned by a limited partnership(1)
Restricted Stock Units(2)	3,963	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	(3)	(3)	Common Stock	100,000	(3)	D

Explanation of Responses:

1. Shares are owned by a limited partnership. The holder owns all of the outstanding common stock of the general partner of this partnership and has sole power to vote and dispose of the shares indicated.

2. Restricted Stock Units were granted on May 18, 2006 (3,963 units). The units will generally vest and be converted into shares of common stock in three equal installments on February 19th in each of the three succeeding years following the date of grant if the holder continues in the employ of the Company through the applicable vesting date. The vesting of the units is subject to acceleration upon the approved retirement, death or disability of the holder (each of such events being herein referred to as an "Acceleration Event").

3. Option was granted under the Company's prior Stock Incentive Plan on July 1, 2005 (100,000 shares @ $17.95 per share). The option has a term of ten years from the date of grant. One fifth of the option vests on each of the five succeeding anniversaries of the date of grant if, subject to certain exceptions, the holder continues to provide services to the Company through the applicable vesting date. The vesting of the option is subject to acceleration upon the occurrence of an Acceleration Event.

Remarks:

	Gary Palmer by Steven F. Coleman /s/ Steven F. Coleman	01/18/2007
	** 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 5 (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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