Document:

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                                                                   EXHIBIT 10.36

                 OPEN SERVER RESEARCH AND DEVELOPMENT AGREEMENT

                  THIS OPEN SERVER RESEARCH AND DEVELOPMENT AGREEMENT,
("Agreement") made and entered into effective the ____ day of ____ 2000,
("Effective Date") by and between The Santa Cruz Operation, Inc., a California
corporation, ("SCO") and Caldera, International, Inc., a Delaware corporation
("Caldera ") (together, the "Parties").

                  WHEREAS, SCO and Caldera are parties to an Agreement and Plan
of Reorganization, dated August 1, 2000, as amended on September 13, 2000,
whereby SCO has transferred to Caldera certain of its assets (the
"Transaction");

                  WHEREAS, SCO has retained the Open Server UNIX business and
has engaged Caldera, pursuant to the terms of that certain Sales Representative
and Support Agreement (the "Sales Representative Agreement"), dated as of the
date hereof, for the purpose of (i) soliciting and procuring orders for SCO's
Products (as defined below) in the Territory and (ii) marketing the Products;

                  WHEREAS, SCO also desires to engage Caldera for the purpose of
providing research and development services of the type described in Attachment
A (the "R&D Services").

                  NOW, THEREFORE, the parties agree as follows:

1.       Appointment; Territory.

         SCO hereby appoints Caldera, and Caldera hereby agrees to act, as the
exclusive provider to SCO of the R&D Services worldwide (the "Territory"), for
the term of this Agreement, subject to all of the terms and conditions of this
Agreement.

2.       Products.

                  Products. The products covered by this Agreement ("Products")
are those Open Server UNIX products in binary form listed on Attachment B
hereto.

3.       Fees; Expense Reimbursements.

                  a. In consideration for the duties of Caldera contained herein
and as the entire compensation of Caldera for its services under this Agreement,
SCO will pay Caldera fees equal to 110% of all direct and indirect costs
relating to the R&D Services, including, but not limited to, costs relating to
taxes, payroll, employment benefits, facilities (for which the costs shall not
be unreasonable, based on costs relative to comparable (job and location)
Caldera employees), equipment and training of employees who will be working on
the Products (the "R&D Costs"). In no event shall Caldera allocate any general
and administrative costs to the R&D costs, such as, but not limited to, legal,
finance and human resources.

                  b. Invoices shall be issued on the fifteenth day of each month
for the R&D Costs of the previous month. SCO shall pay invoices within fifteen
(15) days from the date of

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receipt of the invoice. Fees will be paid in U.S. dollars by check or wire
transfer. Any late payments will accrue interest at 8% per annum until paid.

                  c. Verification. Both parties shall, upon ten (10) days
written notice, be given access to the books and records of the other party to
the extent necessary for purposes of verifying that appropriate fees and
reimbursements to be paid under this Agreement are being accounted for and paid
in accordance therewith. No party shall request verification more than two times
per calendar year.

4. Relationship of Parties. The parties hereto expressly understand and agree
that Caldera is an independent contractor in the performance of each and every
part of this Agreement and is solely responsible for all of its employees and
agents and its labor costs and expenses arising in connection therewith and for
any and all claims, liabilities or damages or debts of any type whatsoever that
may arise on account of Caldera's activities, or those of, its employees or
agents in the performance of this Agreement. Caldera has no authority, right or
ability to bind or commit SCO in any way (including, without limitation, by
receiving orders) or sell any Products and will not attempt to do so or imply
that it may do so.

5. Responsibilities of Caldera. Caldera's duties hereunder are as follows:

                  a. Caldera will employ a sufficient number of qualified
employees and agents, as it determines in its reasonable discretion, for
purposes of performing all of its duties set forth herein and providing the
deliverables ("Deliverables") set forth in the Product Roadmap (as defined
below) from time to time. SCO agrees that Caldera shall be permitted to make use
of incidental individual subcontractors onsite, where such useage is consistent
with Caldera's normal management practices and costs, such as, without
limitation, for supplementing skill sets and covering employee absences. Such
incidental useage shall not, without the prior approval of SCO, exceed 30% of
the costs for any particular three month period, as set forth in the Product
Roadmap. In addition, Caldera may subcontract offsite specific development work
on the Deliverables to the extent that such subcontracting is consistent with
the development process, staffing plan, methodology, schedule and estimated
costs as may be set forth in the Product Roadmap (as defined below).

                  b. Every three months, starting with the date that is three
months from the Effective Date, Caldera shall provide for SCO's approval, which
shall not be unreasonably withheld, a rolling product roadmap (the "Product
Roadmap") setting forth: (i) a description of the projects to be undertaken
during the next twelve month period; (ii) the expected Deliverables and delivery
dates; (iii) the estimated resources required for such Deliverables; (iv) SCO's
responsibilities; and (v) R&D Costs. A product roadmap for the initial twelve
month period is attached hereto as Attachment C.

                  c. Caldera will keep SCO informed as to any problems
encountered with the Product Roadmap and as to any resolutions arrived at for
those problems, and will communicate promptly to SCO any and all modifications,
design changes, improvements of the Products, or new significant customer
requirements that materially change the Deliverables identified in the Product
Roadmap suggested by any entity or person solicited by or making inquiries of
Caldera or by any employee or agent of Caldera. All subsequent additions,
deletions or changes to the

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R&D Services desired by SCO shall be included in the next Product Roadmap or be
subject to mutual agreement between the parties and shall require execution of a
written change order by both parties (a "Change Order") which shall
substantially conform to the format of the document attached hereto as
Attachment E. Each Change Order complying with this section shall be deemed to
be an amendment to the applicable Product Roadmap, which will become an integral
part of such Product Roadmap upon the later of the dates on which the parties
execute the Change Order. Caldera shall not perform any new or additional
services until the earlier of a new Product Roadmap executed by the parties or a
duly executed Change Order. Caldera will not be responsible for any delay in the
performance of R&D Services due to causes beyond the reasonable control of
Caldera.

                  d. Caldera shall use its reasonable best efforts to incent and
retain the core OpenServer development engineers on a comparable basis as with
other employees of the same level of responsibility.

6. Duties of SCO. SCO will have the following responsibilities during the term
of this Agreement:

                  a. SCO will provide Caldera, at SCO's expense, with current
catalogs, data sheets, engineering data, source code, application data, answers
to technical and commercial inquiries, and any other information required in, or
helpful to, Caldera's provision of the R&D Services in the Territory
("Development System"). Notwithstanding the above, SCO shall have no obligation
to make updates to the Development System or items to be provided to Caldera, or
to supplement the inventory levels of the Development System and items. Any
printed materials, equipment, spare parts or source code furnished by SCO to
Caldera will be and remain at all times the property of SCO.

                  b. SCO hereby grants to Caldera (pursuant to SCO's
intellectual property rights therein) a worldwide, nonexclusive, royalty-free
license to use, modify, and make derivatives works of the Development System,
including the source code provided to Caldera, and the Products for the sole
purpose of performing the R&D Services under this Agreement.

                  c. Caldera's timely performance of its obligations hereunder
is, in part, subject to and dependent on timely performance by SCO of its
obligations as set forth in this Section and the applicable Product Roadmap.
Caldera shall not be responsible for any delay in, or inability to perform, any
services or provide any deliverables that is the direct result of any failure or
delay by SCO in the performance of its obligations.

7. Term and Termination.

                  a. Subject to the provisions for termination as provided
herein, this Agreement will commence on the Effective Date and will terminate
automatically upon the termination of the Sales Representative Agreement.

                  b. Except as otherwise provided herein, the provisions of this
Agreement which by their nature are continuing obligations of this Agreement
termination shall survive termination pursuant to this Section 7.

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8. Proprietary Information; Proprietary Rights

                  a. Caldera acknowledges that, in the course of performing its
duties under this Agreement, it may obtain information relating to products and
to SCO which is of a confidential and proprietary nature ("Proprietary
Information"). All Proprietary Information will be clearly marked as such by SCO
with a label stating "Confidential" or "Proprietary", except for source code of
SCO, which by its nature is Proprietary Information. Such Proprietary
Information may include, without limitation, computer codes, trade secrets,
know-how, inventions, techniques, processes, programs, algorithms, schematics,
data, customer lists, financial information and sales and marketing plans.
Caldera and its employees, agents and independent contractors will, at all
times, both during the term of this Agreement and after its termination, keep in
trust and confidence all such Proprietary Information, and will not use such
Proprietary Information other than in the course of its duties as expressly
provided in this Agreement, nor will Caldera or its employees, agents or
independent contractors disclose any such Proprietary Information to any person
without SCO's prior written consent. Caldera acknowledges that any such
Proprietary Information received by Caldera will be received as a fiduciary of
SCO. In the event Caldera becomes legally compelled to disclose any Proprietary
Information, Caldera shall provide SCO with prompt written notice of such
requirements so that SCO may seek a protective order or other appropriate remedy
or waive compliance with this Agreement.

                  b. Caldera will not be bound by this Section 8 with respect to
information Caldera can document (i) at the date hereof has entered or later
enters the public domain as a result of no act or omission of Caldera or its
employees, or agents; (ii) is lawfully received by Caldera from third parties
without restriction and without breach of any duty of nondisclosure by any such
third party; (iii) was rightfully in its possession or known by it prior to
receipt from SCO; (iv) was independently developed without use of any
Proprietary Information of SCO; or (v) is embedded in or incorporated within
UnixWare.

                  c. SCO and its licensors retain all right, title and interest
in and to (i) the source code of the Products, (ii) all copyrights, patent
rights, trade secret rights and other proprietary rights in the Products, all
copies and derivative works thereof (by whomever produced) and all related
documentation, specifications, and materials, and (iii) all of SCO's service
marks, trademarks, trade names or any other designations. Notwithstanding the
above, Caldera at all times retains the exclusive ownership of its knowledge,
skills, experience, ideas, concepts, processes and techniques developed in the
course of performing the Services, subject to SCO's ownership rights set forth
above. In addition, SCO hereby grants to Caldera a perpetual, non-exclusive,
royalty-free license to use, reproduce, modify, make derivative works of and
distribute such Deliverables as are indicated on the Product Roadmap as
Deliverables that can be used in connection with products of Caldera, including,
but not limited to, UnixWare. Any SCO Proprietary Information that is contained
in the Deliverables shall be kept confidential by Caldera in accordance with
this Section 8 of this Agreement.

                  d. Caldera agrees, as a condition of the rights and licenses
granted under this Agreement and except as otherwise expressly and unambiguously
authorized hereunder, (i) not to convey to any third party without the express,
prior written approval from SCO, the source code of any of the Products; (ii)
not to create or attempt to create, by reverse engineering or

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otherwise, the specifications for any Product from the information made
available to it; (iii) not to remove any product identification or notices of
any proprietary or copyright restrictions from the Products or any support
material; (iv) not to develop derivative works from the Products or SCO
documentation or literature for the Products; (v) prior to disposing of any
media or apparatus, to destroy completely any Proprietary Information contained
in any media or apparatus, prior to its disposal; and (vi) in addition to and
without in any way limiting Caldera's other obligations hereunder, to use all
methods to protect SCO's rights with respect to the Products and Proprietary
Information as it uses to protect any third party's Products, confidential
information or rights. Notwithstanding the above, Caldera may disclose
Proprietary Information only to its employees, agents and independent
contractors as is reasonably required in connection with the exercise of its
rights and obligations under this Agreement (and only subject to binding use and
disclosure restrictions at least as protective as those set forth herein
executed in writing by such employees, agents or independent contractors).

9. Warranty. Caldera warrants that it will perform the R&D Services in a
reasonable and competent manner. CALDERA MAKES NO OTHER WARRANTY OR GUARANTEE,
EXPRESSED OR IMPLIED, UNDER THIS AGREEMENT OR ANY PRODUCT ROADMAP, AND CALDERA
EXPRESSLY DISCLAIMS ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE AND NONINFRINGEMENT.

10. Indemnification.

                  a. SCO represents and warrants that it owns or has a valid
right to use all of the Proprietary Assets comprising any portion of the
Development System or the Products. SCO will indemnify, defend and hold Caldera
and its officers, directors, agents and employees harmless from liability
resulting from infringement or alleged infringement by the Products of any
Proprietary Assets of any other person. SCO will indemnify and hold Caldera and
its officers, directors, agents and employees harmless from liability resulting
from warranty claims relating to the Products made by the Buyers thereof against
Caldera. For purposes of this paragraph, "Proprietary Assets" means any: (a)
patent, patent application, trademark (whether registered or unregistered),
trademark application, trade name, fictitious business name, service mark
(whether registered or unregistered), service mark application, copyright
(whether registered or unregistered), copyright application, maskwork, maskwork
application, trade secret, know-how, customer list, franchise, system, computer
software, computer program, invention, design, blueprint, engineering drawing,
proprietary product, technology, proprietary right or other intellectual
property right or intangible asset; or (b) right to use or exploit any of the
foregoing. SCO also agrees to defend Caldera from and against all third party
claims, suits and proceedings brought against Caldera, and will pay all final
judgments awarded or settlements entered into on such claims, arising out of or
related to any material breach by SCO (including the nonpayment of fees) of the
terms or conditions of this Agreement.

                  b. Caldera agrees to defend SCO from and against all third
party claims, suits and proceedings brought against Caldera, and will pay all
final judgments awarded or settlements entered into on such claims, arising out
of or related to any material breach by Caldera of the terms or conditions of
this Agreement.

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                  c. The indemnifying party's indemnification obligations under
this Section 9 are conditioned upon the indemnified party: (a) giving prompt
notice of the claim to the indemnifying party (provided, however, that any
failure or delay in providing such notice shall only affect the indemnifying
party's obligation hereunder to the extent the defense or settlement of the
claim was prejudiced thereby); (b) granting sole control of the defense or
settlement of the claim or action to the indemnifying party (except that the
indemnified party's prior written approval will be required for any settlement
that reasonably can be expected to require an affirmative obligation of or,
result in any ongoing liability to the indemnified party); and (c) providing
reasonable cooperation to the indemnifying party and, at the indemnifying
party's request and expense, assistance in the defense or settlement of the
claim.

11. Limitation of Liability.

                  a. While Caldera believes that it will be able to modify the
Products in accordance with Attachment C, it cannot guarantee that the
development work will result in versions of the Products that are error-free.
NOTWITHSTANDING ANYTHING ELSE IN THIS AGREEMENT OR OTHERWISE, CALDERA SHALL NOT
BE LIABLE OR OBLIGATED UNDER ANY NEGLIGENCE, STRICT LIABILITY OR OTHER CAUSE OF
ACTION FOR ANY SPECIAL, INCIDENTAL OR INDIRECT DAMAGES OF ANY KIND OR NATURE
WHATSOEVER, SUFFERED BY SCO OR ANY THIRD PARTY, INCLUDING, WITHOUT LIMITATION,
LOST PROFITS, BUSINESS INTERRUPTIONS, SERVICES OR TECHNOLOGY, OR OTHER ECONOMIC
LOSS ARISING OUT OF OR RELATED TO THIS AGREEMENT OR ANY ATTACHMENT.

12. Miscellaneous.

                  a. Assignment; Binding Upon Successors And Assigns. Neither
party hereto may assign any of its rights or obligations hereunder without the
prior written consent of the other party hereto, which shall not be withheld
unreasonably. Notwithstanding the above, SCO shall not be required to obtain
Caldera's consent for any assignment made in conjunction with a Change of
Control (as defined below), so long as the acquiring entity in such Change of
Control is not one of the entities listed on Attachment D hereto. "Change of
Control" shall mean the sale of all or substantially all of SCO's assets or an
acquisition or merger of SCO in which the stockholders of SCO immediately prior
to such acquisition or merger hold less than 20% of the voting stock of the
surviving or acquiring entity after such acquisition or merger. Subject to the
preceding sentences, this Agreement will be binding upon and inure to the
benefit of the parties hereto and its respective successors and permitted
assigns.

                  b. Severability. If any provision of this Agreement, or the
application thereof, will for any reason and to any extent be invalid or
unenforceable, the remainder of this Agreement and application of such provision
to other persons or circumstances will be interpreted so as reasonably to effect
the intent of the parties hereto. The parties further agree to replace such void
or unenforceable provision of this Agreement with a valid and enforceable
provision that will achieve, to the greatest extent possible, the economic,
business and other purposes of the void or unenforceable provision.

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                  c. Amendment and Waivers. Any term or provision of this
Agreement may be amended by the parties hereto at anytime by execution of an
instrument in writing signed on behalf of each of SCO and Caldera. The waiver by
a party of any breach hereof or default in the performance hereof will not be
deemed to constitute a waiver of any other default or any succeeding breach or
default. Delay in exercising any right under this Agreement will not constitute
a waiver of such right.

                  d. Governing Law. The internal laws of the State of New York
(irrespective of its choice of law principles) will govern the validity of this
Agreement, the construction of its terms and the interpretation and enforcement
of the rights and duties of the parties hereto.

                  e. Notices. All notices and other communications pursuant to
this Agreement will be in writing and deemed to be sufficient if contained in a
written instrument and will be deemed given if delivered personally, telecopied,
sent by nationally-recognized overnight courier or mailed by registered or
certified mail (return receipt requested), postage prepaid, to the parties at
the following address (or at such other address for a party as will be specified
by like notice):

<TABLE>
<S>                                <C>
         If to SCO to:              The Santa Cruz Operation, Inc.
                                    425 Encinal Street
                                    Santa Cruz, California 95061

                                    Attention:  Chief Executive Officer and Law and Corporate Affairs
                                    Telecopier:  (831) 427-5454

         With a copy to:            Wilson, Sonsini, Goodrich & Rosati
                                    650 Page Mill Road
                                    Palo Alto, California  94304

                                    Attention: Michael Danaher
                                    Telecopier:  (650) 493-6811

         And if to Caldera:         Caldera International, Inc.
                                    240 West Center Street
                                    Orem, Utah  84057

                                    Attention: Chief Executive Officer
                                    Telecopier:  (801) 765-1313

         With a copy to:            Brobeck, Phleger & Harrison LLP
                                    370 Interlocken Boulevard, Suite 500
                                    Broomfield, Colorado 80209
                                    Attention: John E. Hayes, III
                                    Telecopier: (303) 410-2199
</TABLE>

         All such notices and other communications will be deemed to have been
received (a) in the case of personal delivery, on the date of such delivery, (b)
in the case of a telecopy, when the party receiving such copy will have
confirmed receipt of the communication, (c) in the case of

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delivery by nationally-recognized overnight courier, on the business day
following dispatch, and (d) in the case of mailing, on the third business day
following such mailing.

                  f. Entire Agreement. This Agreement constitutes and contains
the entire agreement and understanding of the parties with respect to the
subject matter hereof and supersedes any and all prior negotiations,
correspondence, agreements, understandings, duties or obligations between the
parties respecting the subject matter hereof.

                  g. Attorneys' Fees. Should suit be brought to enforce or
interpret any part of this Agreement, the prevailing party will be entitled to
recover, as an element of the costs of suit and not as damages, reasonable
attorneys' fees to be fixed by the court (including, without limitation, costs,
expenses and fees on any appeal). The prevailing party will be entitled to
recover its costs of suit, regardless of whether such suit proceeds to final
judgment.

                  h. Counterparts. This Agreement may be executed in any number
of counterparts, each of which will be an original as regards any party whose
signature appears thereon and all of which together will constitute one and the
same instrument. This Agreement will become binding when one or more
counterparts hereof, individually or taken together, will bear the signatures of
all the parties reflected hereon as signatories.

                  i. Dispute Resolution. Except that either party may seek
equitable or similar relief from a court, any dispute, controversy or claim
arising out of or in relation to this Agreement or at law, or the breach,
termination or invalidity thereof, that cannot be settled by agreement of the
parties hereto, will be finally settled by arbitration in accordance with the
commercial arbitration rules of the American Arbitration Association then in
force, by one or more arbitrators appointed in accordance with said rules. The
place of arbitration will be Santa Clara County, California. The award rendered
will be final and binding upon both parties. Judgment upon the award may be
entered in any court having jurisdiction, or application may be made to such
court for judicial acceptance of the award and/or an order of enforcement as the
case may be.

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                  IN WITNESS WHEREOF, the parties have entered into this
Agreement effective as of the date first above written.

                                    CALDERA INTERNATIONAL, INC.

                                    By
                                      -----------------------------------------
                                    Name:
                                         --------------------------------------

                                    Address: 240 West Center Street
                                             Orem, UT 84057

                                    THE SANTA CRUZ OPERATION, INC.

                                    By
                                      -----------------------------------------
                                    Name:
                                         --------------------------------------
                                    Address: 425 Encinal Street
                                             Santa Cruz, California 95061-1900

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                                  ATTACHMENT A

ENGINEERING AND RESEARCH AND DEVELOPMENT TO BE PERFORMED BY CALDERA

Caldera shall develop and provide periodic product updates as necessary to
provide adequate support for, and compatibility with, new hardware and devices
used in connection with the Products, as set forth quarterly in the Product
Roadmap.

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                                  ATTACHMENT B

OPENSERVER UNIX PRODUCTS ("PRODUCTS")

         Products are defined as set forth on the attached price list.

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                                  ATTACHMENT C

PRODUCT ROADMAP

         This Product Roadmap is provided as a supplement to the Open Server
Research and Development Agreement, dated __ day of ___ 2000 between SCO and
Caldera (the "Agreement") and is effective as of ___2000. This Product Roadmap,
together with the term of the Agreement shall constitute a single contract. If
any terms in this Product Roadmap conflict with the terms of the Agreement, the
terms of the Product Roadmap shall supersede the Agreement.

1.       Services/Project Description

2.       Deliverables

         (*Indicates Deliverables that can be used in connection with products
         of Caldera)

3.       Time Schedule

4.       Estimated Resources

5.       SCO Responsibilities

6.       Costs (may include estimates, but must include a "not-to-exceed" cost)

APPROVED BY:

THE SANTA CRUZ OPERATION, INC.

By
  ----------------------------
  Name
  Title:

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                                  ATTACHMENT D

                               SECTION 12 ENTITIES
                       (INCLUDING ANY AFFILIATES THEREOF)

1.       SuSe Inc.
2.       Red Hat, Inc.
3.       TurboLinux Inc.
4.       LinuxCare Inc.
5.       Sun Microsystems, Inc.
6.       Intel Corporation
7.       Microsoft Corporation

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                                  ATTACHMENT E

                                CHANGE ORDER FORM

Change Order No.____ to Product Roadmap No._____ Date:________

SCO or Caldera shall complete Question 1. Caldera shall complete the remainder
of the Change Order, except for the approval/rejection portion, which shall be
completed by SCO in its sole discretion. Each section may be as long or short as
the circumstances require. Additional pages may be attached as necessary.

1.       Describe changes, modifications, or additions to the R&D Services.

2.       Modifications, clarifications or supplements by Caldera or SCO to
         description of desired changes or additions requested in Question 1
         above, if any.

3.       Necessity, availability and assignment of requisite Caldera personnel
         and/or resources to make requested modification or additions.

4.       Impact on Costs, delivery schedule, and other requirements.

         a.       Changes in Costs:

         b.       Changes in delivery schedule:

         c.       Changes to any other requirements:

Change Order is:                Approved and Accepted              Rejected
                           -----                              -----

----------------------------                        -----------------------
Signature of SCO                                    Date

----------------------------
Print Name

-----------------------------                       -----------------------
Signature of Caldera                                Date

-----------------------------
Print Name

                                       14<PAGE>

                                                                   Exhibit 10.24

                                             BORROWERS: iDLX Technology Partners
                                                            Private Limited

                                                  GUARANTORS: eFunds Corporation

                       CONTINUING GUARANTY (MULTICURRENCY)
                       -----------------------------------

To:      Bank of America, N.A. and other
         subsidiaries or affiliates of
         Bank of America Corporation

         (1)      Definitions

                  (a) "Bank" means Bank of America, N.A. and any other
         subsidiary or affiliate of Bank of America Corporation which has
         extended or may hereafter extend credit to Borrowers.

                  (b) "Borrowers" means the persons or entities identified as
         such in Paragraph (2) below.

                  (c) "Guarantors" means the persons or entities signing this
         Guaranty as Guarantors.

                  (d) "Indebtedness" means any and all indebtedness of Borrowers
         to Bank under or in respect of the instruments or financial
         accommodations specified in Annex 1 hereto, including but not limited
         to any and all such advances, debts, obligations, and liabilities of
         Borrowers or any one or more of them, heretofore, now, or hereafter
         made, incurred or created thereunder, whether due or not due, absolute
         or contingent, liquidated or unliquidated, determined or undetermined,
         and whether recovery upon such indebtedness may be or hereafter become
         barred by any statute of limitations, or whether such indebtedness may
         be or hereafter become otherwise unenforceable.

                  (e) "Judgment Currency" means the currency in which any
         judgment on any claim arising under or related to this Guaranty is
         denominated.

                  (f) "Obligation Currencies" means the currencies in which the
         Indebtedness is denominated.

                  (g) The "U.S. Dollar Equivalent" of any amount denominated in
         any currency other than U.S. Dollars shall be calculated at the spot
         rate for the purchase of the other currency with U.S. Dollars quoted by
         Bank in San Francisco, California, at approximately 8:00 a.m. on the
         date for determination specified in this Guaranty.

                  (h) The "Indian Rupee Equivalent" of any amount denominated in
         any currency other than Indian Rupees shall be calculated at the spot
         rate for the purchase of the other

                                       1
<PAGE>

         currency with U.S. Dollars quoted by Bank in San Francisco, California
         at approximately 8:00 a.m. on the date for determination specified in
         this Guaranty.

         (2) For valuable consideration, Guarantors jointly and severally
unconditionally guarantee payment when due to Bank or to an assignee in
accordance with Paragraph 14, in the Obligation Currencies at the place for
payment or, if payment at such place for payment is not at that time lawful or
practicable, then at Bank's offices in San Francisco, California, of any and all
Indebtedness of iDLX Technology Partners Private Limited, a private company
limited by shares organized under the laws of India and having its registered
office in the National Capitol Territory of New Delhi ("Borrowers") arising from
the instruments or financial accommodations specified in Annex 1 hereto,
provided to Borrowers by any Branch of Bank located in India.

         (3) (a) The liability of Guarantors under this Guaranty (exclusive of
liability under any other guaranties executed by Guarantors) shall not exceed at
any time the total of (i) the U.S. Dollar Equivalent on the date of this
Guaranty of Ten Million U.S. Dollars (U.S. $10,000,000) in Indian Rupees for the
sum of the principal amount of Indebtedness as of the date or dates such
principal amount was loaned to or incurred by Borrowers, (ii) all interest,
fees, payments, and indemnities relating to or arising out of the Indebtedness
or such part of the Indebtedness as shall not exceed the foregoing limitation,
and (iii) all reasonable costs and expenses of collection of the Indebtedness or
enforcement of this Guaranty. Notwithstanding the provisions regarding
limitation or notice of termination or revocation of liability contained herein,
Guarantors agree that if the Board of Industrial and Financial Reconstruction in
India ("BIFR") shall at any time acquire jurisdiction over the Borrowers and
require Bank to lend additional amounts to Borrowers or vary the terms of any
Indebtedness, Guarantors unconditionally guarantee the payment on demand of all
Indebtedness arising therefrom or affected thereby. Guarantors' obligations
under this Guaranty, as well as certain other obligations of Guarantors to Bank,
shall be secured by a Security Agreement (Deposit Accounts) dated as of even
date herewith given by Guarantor in favor of Bank and, in the effect that the
provisions of the immediately preceding sentence become applicable, Guarantors
shall, within three business days of request therefor by Bank, pledge additional
collateral thereunder in the U.S. Dollar Equivalent amount of any increased
amount of the Indebtedness.

                  (b) Except in the circumstances described in the second to
         last sentence of Paragraph 3(a) with respect to action taken by BIFR,
         Bank shall not permit the Indebtedness to exceed Guarantors' limits on
         liability expressed in Paragraph 3(a) without Guarantor's written
         consent but may apply any amounts received from any source, other than
         from Guarantors, to any unguaranteed portion of the Indebtedness. This
         is a continuing guaranty relating to any Indebtedness, including that
         arising under successive transactions which shall either continue the
         Indebtedness or from time to time renew it after it has been satisfied.

                  (c) Any payment by Guarantors shall reduce their maximum
         obligation hereunder only to the extent that any payment constitutes a
         payment of principal, and only if written notice to the effect that the
         amount of principal paid reduces Guarantors' maximum obligation
         hereunder is actually received by Bank at or prior to the time of such
         payment. If such principal payment is made in a currency other than
         Indian Rupees, the amount of any reduction of Guarantors' maximum
         obligation hereunder shall be the lesser of: (i) the Indian Rupee
         Equivalent of such principal payment determined as of the date or dates
         the principal Indebtedness being paid was loaned to or incurred by
         Borrowers, or (ii) such Indian Rupee Equivalent as of the date such
         principal payment is made.

                                       2
<PAGE>

                  (d) The entry of any judgment against Guarantors of their
         obligations hereunder shall reduce their maximum obligation hereunder
         in an amount equal to the sum of the portion of the amount of such
         judgment representing principal amounts of Indebtedness denominated in
         Indian Rupees, and the lesser of: (i) the Indian Rupee Equivalent of
         each principal amount of Indebtedness denominated in an Obligation
         Currency other than Indian Rupees included in such judgment, determined
         as of the date or dates such amount was loaned to or incurred by
         Borrowers, or (ii) such Indian Rupee Equivalent determined as of the
         date of entry of such judgment.

         (4) (a) If any claim arising under or related to this Guaranty is
reduced to a judgment denominated in a Judgment Currency other than the
Obligation Currency, the judgment shall be for the equivalent in the Judgment
Currency of the amount of the claim denominated in the Obligation Currency (or
each Obligation Currency, if more than one) included in the judgment, determined
as of the date of entry of such judgment. The equivalent of any Obligation
Currency amount in any Judgment Currency shall be calculated at the spot rate
for the purchase of the Obligation Currency with the Judgment Currency quoted by
Bank in San Francisco, California, at approximately 8:00 a.m. on the date for
determination specified above.

                  (b) Guarantors shall indemnify Bank against and hold Bank
         harmless from all loss and damage resulting from any change in exchange
         rates between the date any claim is reduced to judgment and the date of
         payment (or, in the case of partial payments, the date of each partial
         payment) thereof. This indemnity shall constitute an obligation
         separate and independent from the other obligations contained in this
         Guaranty, shall give rise to a separate and independent cause of
         action, shall apply irrespective of any indulgence granted by Bank from
         time to time, and shall continue in full force and effect
         not-withstanding any judgment or order for a liquidated sum in respect
         of an amount due hereunder or under any judgment or order.

         (5) (a) Guarantors covenant that all payments under or in respect of
this Guaranty are exempt from tax other than taxes on net income imposed by the
country or any subdivision of the country in which Bank's principal office or
actual lending office is located.

                  (b) (i) If any taxes (other than taxes on net income (A)
         imposed by the country or any subdivision of the country in which
         Bank's principal office or actual lending office is located and (B)
         measured by the United States taxable income Bank would have received
         if all payments under or in respect of this Guaranty were exempt from
         taxes levied by Guarantors' country) are at any time imposed on any
         payments under or in respect of this Guaranty including, but not
         limited to, payments made pursuant to this paragraph, Guarantors shall
         pay all such taxes and shall also pay to Bank, on demand, all
         additional amounts which Bank specifies as necessary to preserve the
         after-tax yield Bank would have received if such taxes had not been
         imposed; provided, however, that the after-tax yield to Bank after
         payment of such amounts shall not exceed the after-tax yield which Bank
         would have received if no payments had been made under this Guaranty
         and Borrowers had fully and timely paid the Indebtedness with respect
         to which the payments under this Guaranty may be made.

                           (ii) The additional amounts necessary to preserve the
                  after-tax yield Bank would have received if such taxes had not
                  been imposed shall be calculated pursuant to the formula:

                                       3
<PAGE>

                                           (w)(t)(i)
                                    y = -----------
                                            1-w-t

                           where the terms are defined as follows:

                                    y = additional payment to be made to Bank

                                    w = withholding tax rate levied by foreign
                                        government

                                    t = Bank's combined Federal and state tax
                                        rate

                                    i = stated interest to be paid on
                                        Indebtedness
                                        (base rate plus quoted spread)

                                    1 = one

                  (c) Guarantors will provide Bank with original tax receipts,
         notarized copies of tax receipts, or such other documentation as will
         prove payment of tax in a court of law applying the United States
         Federal Rules of Evidence, for all taxes paid by Guarantors pursuant to
         subparagraph (b) above. Guarantors will deliver receipts to Bank within
         30 days after the due date for the related tax.

         (6) The obligations hereunder are joint and several, and independent of
the obligations of Borrowers, and shall not be affected by any acts of any
governmental authority affecting Borrowers, including but not limited to any
restrictions on the conversion of currency or repatriation or control of funds
or any total or partial expropriation of Borrowers' property, or by economic,
political, regulatory, or other events in the countries where Borrowers are
located. A separate action or actions may be brought and prosecuted against
Guarantors whether action is brought against Borrowers or whether Borrowers be
joined in any such action or actions; and Guarantors waive the benefit of any
statute of limitations affecting Borrowers' liability in respect of the
Indebtedness.

         (7) Guarantors authorize Bank, without notice or demand and without
affecting their liability hereunder, from time to time, either before or after
revocation hereof, to (a) renew, compromise, extend, accelerate, or otherwise
change the time for payment of, or otherwise change the terms of the
Indebtedness or any part thereof, including increase or decrease of the rate of
interest thereon; (b) receive and hold security for the payment of this Guaranty
or any of the Indebtedness, and exchange, enforce, waive, release, fail to
perfect, sell, or otherwise dispose of any such security; (c) apply such
security and direct the order or manner of sale thereof as Bank in its
discretion may determine; and (d) release or substitute any one or more of the
endorsers or guarantors.

         (8) Guarantors waive any right to require Bank to (a) proceed against
Borrowers; (b) proceed against or exhaust any security held from Borrowers; or
(c) pursue any other remedy in Bank's power whatsoever. Other than full and
indefeasible payment of the Indebtedness,

                                       4
<PAGE>

Guarantors waive any defense arising by reason of any disability or other
defense of Borrowers, or the cessation from any cause whatsoever of the
liability of Borrowers, or any claim that Guarantors' obligations exceed or are
more burdensome than those of Borrowers. Until the Indebtedness shall have been
paid in full, even though the Indebtedness is in excess of Guarantors' liability
hereunder, Guarantors waive any right of subrogation, reimbursement,
indemnification, and contribution (contractual, statutory, or otherwise) with
respect to the Indebtedness including, without limitation, any claim or right of
subrogation under the Bankruptcy Code (Title 11, United States Code) or any
successor statute, arising from the existence or performance of this Guaranty,
and Guarantors waive any right to enforce any remedy which Bank now has or may
hereafter have against Borrowers with respect to the Indebtedness and waive any
benefit of, and any right to participate in, any security which secures the
Indebtedness now or hereafter held by Bank. Guarantors waive all presentments,
demands for performance, notices of nonperformance, protests, notices of
protest, notices of dishonor, and notices of acceptance of this Guaranty and of
the existence, creation, or incurring of new or additional Indebtedness.

         (9) (a) Guarantors waive any rights and defenses that are or may become
available to Guarantors as against Bank under this Guaranty by reason of
Sections 2787 to 2855, inclusive, of the California Civil Code; and Guarantors
acknowledge and agree that Bank is relying on this waiver in creating the
Indebtedness, and that this waiver is a material part of the consideration which
Bank is receiving for creating the Indebtedness.

                  (b) No provision or waiver in this Guaranty shall be construed
         as limiting the generality of any other waiver contained in this
         Guaranty.

         (10) Guarantors acknowledge and agree that they shall have the sole
responsibility for obtaining from Borrowers such information concerning
Borrowers' financial conditions or business operations as Guarantors may
require, and that Bank has no duty at any time to disclose to Guarantors any
information relating to the business operations or financial conditions of
Borrowers.

         (11) This Guaranty may be revoked at any time by Guarantors in respect
to future transactions, unless there is a continuing obligation or commitment by
Bank to provide financial accommodations, that would constitute Indebtedness
subject to this Guaranty, to Borrowers in respect of such transactions which
Borrowers and Guarantors do not renounce. Such revocation shall be effective
upon actual receipt by Bank, at the address shown below or at such other address
as may have been provided to Guarantors by Bank, of written notice of
revocation. Revocation shall not affect any of Guarantors' obligations or Bank's
rights with respect to transactions which precede Bank's receipt of such notice,
regardless of whether or not the Indebtedness related to such transactions,
before or after revocation, has been renewed, compromised, extended,
accelerated, or otherwise changed as to any of its terms, including time for
payment or increase or decrease of the rate of interest thereon, and regardless
of any other act or omission of Bank authorized hereunder. If this Guaranty is
revoked, returned, or canceled, and subsequently any payment or transfer of any
interest in property by Borrowers to Bank is rescinded or must be returned by
Bank to Borrowers or if BIFR should acquire jurisdiction over Borrowers, this
Guaranty shall be reinstated with respect to (and to the extent of) any such
payment or transfer or with respect to Indebtedness incurred at the direction of
BIFR while Borrowers are subject to BIFR jurisdiction, regardless of any such
prior revocation, return, or cancellation.

                                       5
<PAGE>

         (12) Where any one or more of Borrowers are corporations, partnerships,
or limited liability companies, it is not necessary for Bank to inquire into the
powers of Borrowers or of the officers, directors, partners, members, managers,
or agents acting or purporting to act on their behalf, and any Indebtedness made
or created in reliance upon the professed exercise of such powers shall be
guaranteed hereunder.

         (13) Intentionally Omitted.

         (14) Bank may, without notice to Guarantors and without affecting
Guarantors' obligations hereunder, assign this Guaranty only if and when it
assigns the Indebtedness, in whole or in part. Guarantors agree that Bank may
disclose to any such assignee or purchaser, or any prospective assignee or
purchaser, of all or part of the Indebtedness any and all information in Bank's
possession concerning Guarantors, this Guaranty, and any security for this
Guaranty.

         (15) Guarantors agree to pay all reasonable attorneys' fees, including
allocated costs of Bank's in-house counsel, and all other reasonable costs and
expenses which may be incurred by Bank (a) in the enforcement of this Guaranty
or (b) in the preservation, protection, or enforcement of any rights of Bank in
any case commenced by or against Guarantors under the Bankruptcy Code (Title 11,
United States Code) or any similar or successor statute.

         (16) Where there is but a single Borrower, or where a single Guarantor
executes this Guaranty, then all words used herein in the plural shall be deemed
to have been used in the singular where the context and construction so require;
and when there is more than one Borrower named herein, or when this Guaranty is
executed by more than one Guarantor, the words "Borrowers" and "Guarantors"
respectively shall mean all and any one or more of them.

         (17) This Guaranty shall be governed by and construed according to the
laws of the State of California, United States of America. Guarantor hereby
irrevocably (i) submits to the non-exclusive jurisdiction of any United States
Federal or State court sitting in San Francisco, California, in any action or
proceeding arising out of or relating to this Guaranty, and (ii) waives to the
fullest extent permitted by law any defense asserting an inconvenient forum in
connection therewith. Service of process by Bank in connection with such action
or proceeding shall be binding on Guarantor if received in the office of the
General Counsel of Guarantor at its address specified below. TO THE FULL EXTENT
ALLOWED BY APPLICABLE LAW, GUARANTOR AND BANK EACH WAIVE TRIAL BY JURY WITH
RESPECT TO ANY ACTION, CLAIM, SUIT OR PROCEEDING ON OR ARISING OUT OF THIS
GUARANTY.

                                       6
<PAGE>

         Executed as of this 29th day of September, 2000.

                                             eFunds Corporation

                                             By: /s/ Paul H. Bristow
                                                 ------------------------------
                                             Name: Paul H Bristow
                                                   ----------------------------
                                             Title: EVP & CFO
                                                    ---------------------------

                                             By:
                                                 -------------------------------
                                             Name:
                                                   -----------------------------
                                             Title:
                                                    ----------------------------

Address for notices to Bank:                Address for notices to Guarantors:

Bank of America, N.A.                       eFunds Corporation
555 California Street, 12th Floor           7272 East Indian School Road
Mail Code CA5-705-12-01                     Suite 420
San Francisco, CA  94104                    Scottsdale, AZ  82521
Attention: Ken Beck                         Attention: Ray Martin
                                                       ------------------------
Telephone: 415.953.5753                     Telephone: (602) 659 - 2136
Fax: 415.622.4585                           Fax: (602) 659 - 2132

                                       7
<PAGE>

                                                              September 29, 2000

                                     ANNEX 1
                                     -------

to Continuing Guaranty (Multicurrency) dated as of September 29, 2000 (the
"Guaranty"), given by eFunds Corporation to Bank of America, N.A..

1.       Promissory notes in the form attached hereto made from time to time by
         Borrowers prior to, on or after the date of the Guaranty and prior to
         October 1, 2001.

2.       Letters of credit or similar instruments such as bank guarantees
         issued, amended or extended by Bank from time to time for the account
         of Borrowers prior to, on or after the date of the Guaranty and prior
         to October 1, 2001, and related reimbursement or indemnity agreements
         given by Borrowers to Bank.

                                       8
<PAGE>

                               SECURITY AGREEMENT
                               (Deposit Accounts)

         This Security Agreement (Deposit Accounts) (this "Agreement") is made
as of September 29, 2000 by and between eFunds Corporation, a Delaware
corporation (the "Pledgor") and Bank of America, N.A. (the "Bank").

                  1. Grant of Security Interest. As security for any and all
         Indebtedness (as defined below), the Pledgor hereby irrevocably and
         unconditionally grants a security interest in and assigns and transfers
         the Deposit Accounts (as defined below) to the Bank.

                  2. Indebtedness. "Indebtedness" means all debts, obligations
         or liabilities, now or hereafter existing, absolute or contingent,
         whether voluntary or involuntary, due or not due, incurred directly or
         indirectly, of the Pledgor to the Bank under, arising out of or in
         connection with that certain Continuing Guaranty (Multicurrency) of
         even date herewith given by the Pledgor to the Bank (as it may be
         amended, restated, supplemented, extended or replaced, the "Guaranty"),
         and all obligations or liabilities of the Pledgor to the Bank
         hereunder.

                  3. Deposit Accounts. For purposes of this Agreement, "Deposit
         Accounts" means the following deposit account(s) opened by the Pledgor
         with the Bank, along with any deposit account(s) opened by the Pledgor
         with the Bank and pledged pursuant to paragraph 16 of this Agreement,
         any renewals or rollovers thereof, any proceeds thereof (including
         without limitation any interest paid thereon), and any general
         intangibles and choses in action arising therefrom or related thereto:

Deposit Account   Open or Issue    Current Principal
    Number            Date              Amount          Current Maturity Date
---------------   -------------    -----------------    ---------------------
  12331-01953        9/29/00          $10,000,000             12/28/00

                  4. No Other Security Interests. The Pledgor hereby represents
         and warrants to the Bank that it owns each of the Deposit Accounts free
         and clear of any and all liens, encumbrances, or interests of any third
         parties other than the security interest of the Bank.

                  5. Withdrawals; Renewals; Rollovers. The Pledgor shall not
         withdraw funds from the Deposit Accounts without the Bank's prior
         written consent. The Pledgor agrees that, upon maturity of any Deposit
         Account with a maturity date, such Deposit Account shall be renewed at
         the Bank's then prevailing rate of interest for successive ninety (90)
         day periods (or such other time period as may be agreed by the Bank and
         the Pledgor).

                  6. Certificates. Upon the Bank's request, the Pledgor shall
         deliver any certificate evidencing any of the Deposit Accounts to the
         Bank, duly endorsed over to the Bank as necessary.

                  7. Interest Payments. Notwithstanding the Bank's security
         interest in the proceeds of the Deposit Accounts, the Bank will
         continue to pay to the Pledgor any interest accruing thereunder until
         the occurrence of an Event of Default under this Agreement.

                  8. Costs. All advances, charges, costs and expenses, including
         reasonable attorneys' fees, incurred or paid by the Bank in exercising
         any right, power or remedy conferred by this Agreement or in the
         enforcement thereof, shall become a part of the Indebtedness secured

                                       9
<PAGE>

         hereunder and shall be paid to the Bank by the Pledgor immediately and
         without demand, with interest thereon at an annual rate equal to the
         highest rate of interest of any Indebtedness secured by this Agreement.
         Such costs and attorneys' fees shall include, without limitation, the
         allocated cost of in-house counsel.

                  9. Events of Default. At the option of the Bank and without
         necessity of demand or notice, all or any part of the Indebtedness
         shall immediately become due and payable irrespective of any agreed
         maturity upon the happening of any of the following events ("Events of
         Default"); provided, however, that all Indebtedness automatically shall
         become immediately due and payable if a bankruptcy petition is filed
         with respect to the Pledgor (in the event of an involuntary proceeding,
         after the expiration of the 60-day period described in clause (d)
         below): (a) failure to keep or perform any of the terms or provisions
         of this Agreement; (b) failure to keep or perform any of the terms or
         provisions of the Guaranty; (c) the levy of any attachment, execution
         or other process against any of the collateral; (d) the death,
         insolvency, failure in business, commission of an act of bankruptcy,
         general assignment for the benefit of creditors, filing of any petition
         in bankruptcy or for relief under the provisions of the Bankruptcy Code
         or any similar law, of, by, or against the Pledgor or the Borrower,
         each as defined in the Guaranty, and, in the case of an involuntary
         bankruptcy or similar involuntary proceeding, the petition shall not
         have been dismissed within 60 days of such filing; and (e) the Bank
         shall not have received from the Pledgor, on or before October 27,
         2000, (i) a copy of resolutions of the Board of Directors of the
         Pledgor authorizing and ratifying the execution, delivery and
         performance of the Guaranty, this Agreement and the grant of the
         security interest created hereby, and all other documents contemplated
         thereby and hereby, certified by the Secretary or an Assistant
         Secretary of the Pledgor, and (ii) a certificate of the Secretary or
         Assistant Secretary of the Pledgor certifying the names and true
         signatures of the officers of the Pledgor authorized to execute and
         deliver the Guaranty, this Agreement, and all other such documents.

                  10. Remedies. Upon the occurrence and during the continuance
         of any Event of Default, the Bank may then exercise as to the Deposit
         Accounts all of the rights, powers and remedies of an owner and all of
         the rights, powers and remedies of a secured party under the California
         Uniform Commercial Code and other laws and may exercise any rights of
         setoff, without notice, against any funds in any Deposit Account.

                  11. Transfer of Collateral. Upon the transfer of all or any
         part of the Indebtedness, the Bank may transfer all or any part of the
         collateral and shall be fully discharged thereafter from all liability
         and responsibility with respect to such collateral so transferred, and
         the transferee shall be vested with all the rights and powers of the
         Bank hereunder with respect to such collateral so transferred; but with
         respect to any collateral not so transferred the Bank shall retain all
         rights and powers hereby given.

                  12. Other Rights. The rights, powers and remedies given to the
         Bank by this Agreement shall be in addition to all rights, powers and
         remedies given to the Bank by virtue of any statute or rule of law. Any
         forbearance or failure or delay by the Bank in exercising any right,
         power or remedy hereunder shall not be deemed to be a waiver of such
         right, power or remedy, and any single or partial exercise of any
         right, power or remedy hereunder shall not preclude the further
         exercise thereof; and every right, power and remedy of the Bank shall
         continue in full force and effect until such right, power or remedy is
         specifically waived by an instrument in writing executed by the Bank.

                  13. Pledgor's Chief Executive Office; Jurisdiction of
         Incorporation. The Pledgor represents and warrants that its chief
         executive office is located in the state specified on the signature
         page hereof and that its jurisdiction of incorporation is Delaware. The
         Pledgor agrees to give the Bank at least thirty (30) days notice before
         changing the state in which the Pledgor's chief executive office is
         located or the state in which it is incorporated.

                                       10
<PAGE>

                  14. Termination. This Agreement shall remain in full force and
         effect until all the Guaranty has terminated in accordance with its
         terms and the Indebtedness has been indefeasibly paid in full.

                  15. California Law; Jurisdiction; Service of Process; Waiver
         of Jury Trial. This Agreement shall be governed by and construed
         according to the laws of the State of California, United States of
         America. The Pledgor hereby irrevocably (i) submits to the
         non-exclusive jurisdiction of any United States Federal or State court
         sitting in San Francisco, California, in any action or proceeding
         arising out of or relating to this Agreement, and (ii) waives to the
         fullest extent permitted by law any defense asserting an inconvenient
         forum in connection therewith. Service of process by the Bank in
         connection with such action or proceeding shall be binding on the
         Pledgor if received in the office of the General Counsel of the Pledgor
         at its address specified below. TO THE FULL EXTENT ALLOWED BY
         APPLICABLE LAW, THE PLEDGOR AND THE BANK EACH WAIVE TRIAL BY JURY WITH
         RESPECT TO ANY ACTION, CLAIM, SUIT OR PROCEEDING ON OR ARISING OUT OF
         THIS SECURITY AGREEMENT.

                  16. Pledge of Additional Collateral. As required by the Bank
         pursuant to paragraph 3(a) of the Guaranty or as otherwise agreed to by
         the Bank and the Pledgor, additional deposit account(s) opened by the
         Pledgor with the Bank shall be pledged by the Pledgor as collateral
         hereunder pursuant to a supplement hereto in the form of Annex 1.

         IN WITNESS WHEREOF, the parties have executed this Agreement by their
authorized officers as of the date first above written.

Pledgor:

eFunds Corporation

By: /s/ Paul H. Bristow
    ---------------------------------------
Name: Paul H. Bristow
      -------------------------------------
Title: EVP & CFO
       ------------------------------------

By:
    ---------------------------------------
Name:
      -------------------------------------
Title:
       ------------------------------------

Address:

7272 East Indian School Road
Suite 420
Scottsdale, AZ  85231
Attention: Paul H. Bristow
Telephone: 602.659.2501
Facsimile: 602 659 2132

                                       11
<PAGE>

Bank:

Bank of America, N.A.

By: /s/ Kevin C. Leader
    ---------------------------------------
Name: Kevin C. Leader
      -------------------------------------
Title: Managing Director
       ------------------------------------

Address:

555 California Street, 12th Floor
Mail Code CA5-705-12-01
San Francisco, CA  94104-1503
Attention: Ken Beck
Telephone: 415.953-5753
Facsimile: 415.622-4585

                                       12
<PAGE>

                                     Annex 1

                                     Form of

                        Supplement to Security Agreement

         This Supplement to Security Agreement (this "Supplement") is made as of
___________, 200_ by and between eFunds corporation, a Delaware corporation (the
"Pledgor") and Bank of America, N.A. (the "Bank").

         A. The Pledgor and the Bank entered into a Security Agreement (Deposit
Accounts) dated as of September 29, 2000 (the "Security Agreement").

         B. Pursuant to paragraph 16 of the Security Agreement, the Pledgor is
pledging additional deposit account(s) maintained at the Bank for purposes of
securing the Indebtedness (capitalized terms used herein and not defined herein
shall have the meanings assigned to them in the Security Agreement).

         NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

                  1. As security for any and all Indebtedness, the Pledgor
         hereby irrevocably and unconditionally grants a security interest in
         and assigns and transfers the Additional Deposit Accounts (as defined
         below) to the Bank.

                  2. For purposes of this Supplement, "Additional Deposit
         Accounts" means the following deposit account(s) opened by the Pledgor
         with the Bank, any renewals or rollovers thereof, any proceeds thereof
         (including without limitation any interest paid thereon), and any
         general intangibles and choses in action arising therefrom or related
         thereto:

Deposit Account   Open or Issue    Current Principal
    Number            Date              Amount          Current Maturity Date
---------------   -------------    -----------------    ---------------------

                  3. The Additional Deposit Accounts shall for all purposes be
         deemed to be "Deposit Accounts" under the Security Agreement and shall
         be subject to the covenants, restrictions, terms and provisions of the
         Security Agreement. The Pledgor makes the same representations as to
         itself and the Additional Deposit Accounts as are set forth in the
         Security Agreement.

                  4. Except as supplemented hereby, the Security Agreement
         remains in full force and effect, without defense, offset or
         counterclaim. This Supplement shall be deemed incorporated into, and a
         part of, the Security Agreement, and all references therein to the
         "Agreement" shall refer to the Security Agreement as supplemented
         hereby. This Supplement shall be governed by the laws of the State of
         California.

                                       13
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Agreement by their
authorized officers as of the date first above written.

Pledgor:

eFunds Corporation

By:
    ----------------------------
Name:
      --------------------------
Title:
       -------------------------

By:
    ----------------------------
Name:
      --------------------------
Title:
       -------------------------

Bank:

Bank of America, N.A.

By:
    ----------------------------
Name:
      --------------------------
Title:
       -------------------------

                                       14

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