**Exhibit 10.16****Director Compensation**Directors who are employees of the Company do not receive compensation for their service onthe Board other than their compensation as employees. Directors who are not employees of theCompany (“Independent Directors”) each receive a $50,000 annual board retainer ($75,000 for thechair of the Audit Committee and $60,000 for the chair of each of the Compensation Committee andNominating and Corporate Governance Committee). The lead director receives a $35,000 supplementalretainer. Independent Directors also receive an additional retainer of $7,500 ($12,500 for membersof the Audit Committee) for service as a member of a standing committee of the Board and annualoption and restricted stock unit grants. The Company does not pay meeting fees under its Directorcompensation program. In addition to the foregoing, Independent Directors may receive compensationfor the performance of duties assigned by the Board or its Committees that are considered beyondthe scope of the ordinary responsibilities of Directors or Committee members.During 2007, each of our Independent Directors received an option to purchase 5,243 shares of ourcommon stock at an exercise price of $24.02 per share and 969 restricted stock units. The optionsissued to the Independent Directors vest in equal annual installments over a three-year periodfollowing the date of grant and expire on the tenth anniversary of such date. The vested portionsof the options also terminate three months following the date upon which a participant ceases to bea Director of the Company (one year after such date if such Directors’ termination constituted aqualifying retirement). The restricted stock units vest and are converted into shares of commonstock over the three year period following their date of grant or upon a Director’s qualifyingretirement from our Board.The Company has adopted the eFunds Corporation Non-Employee Directors Deferred Compensation Program(the “Director Deferred Compensation Program”). The purpose of the Director Deferred CompensationProgram is to provide an opportunity for Independent Directors to defer payment of their Boardretainers and to provide a vehicle for participating Directors to increase their ownership ofcommon stock and thereby further align their interest in the long-term success of the Company withthat of the Company’s other stockholders. Under this Program, Independent Directors can elect toreceive their board and committee fees in restricted stock units in lieu of cash (with eachrestricted stock unit being deemed to have a value equal to the fair market value of one share ofcommon stock on its date of issuance). The restricted stock units are credited to the individualsparticipating in the Director Deferred Compensation Program on a quarterly basis and will beconverted into shares of common stock (on a one-to-one basis) when the Director ceases to serve asa member of the Board. Beginning in 2007, participating Directors may elect to defer thesettlement of any time-based restricted stock units granted to them and to receive any retainer orother awards deferred by them in installments, in a lump sum on a date other than their final dayof service and, subject to certain limitations, during their term of office. Pay-out electionscredited after January 1, 2007 may be changed at the election of the participating Director undercertain circumstances. Each restricted stock unit receives dividend equivalent payments equal toany cash dividend payments on one share of common stock. The Director Deferred CompensationProgram is intended to comply with Section 409A of the Internal Revenue Code.