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                                                                   EXHIBIT 10.23

February 29, 2000


Dr. Nikhil Sinha
3510 Native Dancer Cove
Austin, Texas 78746

Dear Nikhil:

It is my pleasure to formally offer you the position of Executive Vice
President--Global Corporate Development of eFunds Corporation. This appointment
will be effective as of March 1, 2000. You will be responsible for the
development of a global business strategy for the company and for mergers and
acquisitions and overall business expansion. You will report directly to me, and
will join Debra Janssen, Paul Bristow and Steve Coleman as members of the
Executive Leadership Team (ELT) assisting me with overall corporate direction
and management.

The following confirms our discussions regarding your job offer:

Start date:  3/1/00.

Base salary: $300,000 annually, payable bi-monthly. This figure will next be
reviewed for change as of 1/1/01.

Target bonus: Your target bonus will be 50% of your base salary, or $150,000
annually. In addition, this figure can range from 0-100% of base salary (or $0
to $300,000 annually), depending upon the Company's performance against
board-approved annual operating plan measures. In all probability, your
performance measures will be identical to my own.

Stock Option Grant: Competitive market studies conducted by compensation
consultants suggest that your position should receive a stock option grant with
a value (as determined by the Black-Scholes method) equal to 115% of your base
salary. Because the board of directors has approved a plan for a "double option"
grant equal to two years of options, or 230% of your base salary, your initial
grant will be set to provide approximately $690,000 in value in this formative
year. This initial grant will be granted at the IPO strike price, though the
exact number of shares won't be finalized until the time of our IPO. These
options will vest in thirds on the first, second and third anniversary of the
IPO. The next occasion for another option grant is expected to be on or about
January 1, 2002.
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Automobile allowance: You will receive a monthly automobile allowance of $1,100.
This fee, which is intended to cover auto lease or purchase payments, gas and
maintenance expense, cellular telephone usage and insurance, may be used in any
way you choose. Purchase of an automobile is not required, and there are no
restrictions on the type of automobile you may lease or purchase. This program
is subject to review at the end of 2000, and may not be renewed in subsequent
years.

Financial Planning: You will be eligible for financial planning assistance
through our contracted provider, currently AMG, as provided to other members of
the ELT.

Severance: Should your employment be terminated for reasons other than willful
misconduct, gross negligence or unlawful actions toward the Company or toward or
involving others involved with the Company's business (in other words, should
you be terminated because your job performance is judged inadequate, your job is
eliminated or any other similar reason), you will receive a severance package
consisting of one year's base salary (not bonus), plus a second year of income
continuation. Income continuation means that, if you are unemployed at the end
of the first year following termination from eFunds, or employed at a salary
level which is less than your eFunds base salary at the time of your
termination, eFunds would continue to pay your base salary (or the difference
between your base salary and whatever new salary you are earning) for up to one
additional year, or if earlier, until such time as your new salary equals or
exceeds your former Deluxe salary. As used in the foregoing, your "salary" from
a subsequent employer would include earnings by you through consulting or other
similar endeavors for third persons permitted by the terms of your agreement
with your subsequent employer. In addition, I am pleased to tell you that the
Deluxe Compensation Committee has approved the granting of change in control
agreements for the ELT and we are currently preparing drafts of these contracts.
I expect that these agreements will be similar to those currently applicable to
the executive officers of Deluxe.

Medical/Dental Insurance: Your medical and dental insurance now in effect
carries forward, subject to possible adjustment at year-end 2000 as eFunds
adopts a single insurance plan..

Vision Care: You remain eligible for the Company's vision care program for the
remainder of 2000, and for any such plan that eFunds may adopt in the future.

Life Insurance: You will be eligible for 1 times pay at Company cost but you may
purchase an additional 6 times pay up to $1,000,000 through the Company's life
insurance plan. You may also purchase Dependent life insurance for your spouse
and children, up to $100,000 for your spouse and up to $25,000 for each child
under the age of 19 or age 23 if the child is a full-time student.

Retirement: While the new eFunds retirement plan has not been finalized, it is
expected to include a Defined Contribution Pension element , a variable "profit
sharing" component and a 401(k) plan in which the Company will match your
contributions up to a level of eligible wages to be determined.

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Vacation:  You will be eligible for 5 weeks of annual vacation.

Long term disability: Your coverage remains as currently in place, unless the
new eFunds should change the policy later.

Physical exam: The Company pays for annual full physical exams for all
executives over the age of 45.

Relocation: As we have discussed, I expect that you will make Austin, TX your
home base through a period to encompass that covered by your recently-completed
retention agreement (twelve months from the IPO date). We will work with you to
arrange rented office space there, if desired. We will also provide clerical and
administrative support and an office whenever you are in Shoreview (or another
headquarters location selected by eFunds). We will revisit the matter of
long-term location at the end of your retention period, and should you and I
then conclude that a change in location is essential for the well being of
eFunds, we will extend to you the full relocation package and support available
to any eFunds officer.

This letter supercedes any prior communication to you regarding the subject
matter herein, including my letter dated April 13, 1999. Without limiting the
generality of the foregoing, this letter shall act to terminate the HDX stock
options described in that letter. We will discuss any additional consideration
for this termination at a later date, although it is our understanding and
agreement that in no event will any future consideration in such regard be less
than $200,000 or exceed $600,000. We will retain an independent third party to
assist us in arriving at a more exact figure, with the goal being to finalize
our discussions on or before May 1, 2000. The exact amount of this future
consideration will be subject to the approval of the compensation committee of
the Board of Directors of eFunds or Deluxe. Subject to receiving the appropriate
approvals, I would expect that this additional consideration will be paid in the
form of an additional stock option grant at the time of the IPO. Recognizing
that the options described in my prior letter were to vest in these
circumstances, the replacement options issued pursuant to this paragraph will be
fully vested upon issuance. This letter does not supercede or amend the terms of
your restricted stock award or your options from Deluxe Corporation or that
certain Release and Discharge Agreement, dated as of October 22, 1999, between
you, Deluxe Corporation and certain others.

Nikhil, I hope these points resolve any questions or issues for you. If so,
please sign one copy and return it to me at your convenience in the enclosed
envelope. Again, welcome to eFunds and to the great future which you and Noelle
will help us create.

Best regards,

/s/ John A. Blandiard III


Accepted /s/ Nikhil Sinha
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