Document:

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                                                                    EXHIBIT 10.7
                                      LEASE

                               eFUNDS CORPORATION
                                   (Landlord)

                         DELUXE FINANCIAL SERVICES, INC.
                                    (Tenant)

                         3050 South 35th Street, Suite D
                                Phoenix, AZ 85034
                                   (Location)

                                                                 Execution Date:
                                                                   May    , 2000
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                                TABLE OF CONTENTS

                                                                           Page
                                                                           ----

   LEASE.....................................................................1
ARTICLE I.  BASIC LEASE PROVISIONS AND EXHIBITS..............................1
   1.1.  Basic Lease Provisions..............................................1
Landlord:       Attn:  Kath Steuer...........................................1
   1.2   Exhibits............................................................2
ARTICLE II.  DEFINITIONS.....................................................2
   2.1.  Definitions.........................................................2
ARTICLE III.  TERM...........................................................5
   3.1.  Initial Term........................................................5
   3.2.  Extension Options...................................................5
   3.3    Early Termination Option...........................................5
ARTICLE IV.  MONETARY OBLIGATIONS............................................5
   4.1.  Monthly Gross Rent..................................................5
   4.2.  Taxes, Insurance, Operating Expenses and Utilities..................5
ARTICLE V.  USE; QUIET ENJOYMENT.............................................6
   5.1.  Use.................................................................6
   5.2.  Quiet Enjoyment.....................................................6
ARTICLE VI.  OPERATIONAL MATTERS.............................................6
   6.1.  Operation, Repairs and Maintenance..................................6
   6.2.  Common Areas........................................................6
   6.3.  Cafeteria...........................................................6
   6.4.  No Waste; Maintenance of Tenant's Personal Property.................7
   6.5.  Compliance with Laws................................................7
   6.6.  Signs...............................................................7
   6.7.  Alterations.........................................................7
   6.8.  Utilities...........................................................7
   6.9.  Entry by Landlord...................................................8
   6.10. Communication Equipment.............................................8
   6.11. Interruption of Business............................................8
   6.12. Parking.............................................................8
ARTICLE VII.  TRANSACTIONS...................................................8
   7.1.  Assignment and Subletting...........................................8
   7.2.  Subordination and Nondisturbance....................................9
   7.3.  Estoppel Certificates...............................................9
ARTICLE VIII.  RISK SHIFTING.................................................9
   8.1.  Indemnification.....................................................9
   8.2.  Liability Insurance.................................................9
   8.3.  Landlord's Property Insurance......................................10
   8.4.  Tenant's Property Insurance........................................10
   8.5.  Waiver of Insurable Claims.........................................10
ARTICLE IX.  CASUALTY.......................................................11
   9.1.  Damage or Destruction..............................................11
ARTICLE X.  EMINENT DOMAIN..................................................11
   10.1. Eminent Domain.....................................................11
ARTICLE XI.  DEFAULTS.......................................................12
   11.1. Tenant Defaults....................................................12
   11.2. Landlord Defaults..................................................12
<PAGE>

ARTICLE XII.  MISCELLANEOUS.................................................13
   12.1. Waiver of Lease Provisions.........................................13
   12.2. Surrender..........................................................13
   12.3. Holding Over.......................................................13
   12.4. Notices............................................................13
   12.5. Governing Law......................................................14
   12.6. Entire Agreement...................................................14
   12.7. Successors and Assigns.............................................14
   12.8. Consent Not Unreasonably Withheld..................................14
   12.9. Short Form Lease...................................................14
   12.10.Attorneys' Fees....................................................14

EXHIBITS

Exhibit A    Legal Description of the Premises

Exhibit B    Site Plan Showing the Location of the Premises, the Building and
             the Project

Exhibit C    Floor Plan of Premises
<PAGE>

                                      LEASE
                                      -----

                                   ARTICLE I.
                       BASIC LEASE PROVISIONS AND EXHIBITS

     THIS LEASE is entered into as of May , 2000, between eFUNDS CORPORATION, a
Delaware corporation ("Landlord") and Deluxe Financial Services, Inc., a
Delaware corporation ("Tenant").

     1.1. Basic Lease Provisions.
          ----------------------

Address of                 Real Estate Department
Landlord:                  Attn:  Kath Steuer
                           eFunds Corporation
                           400 West Deluxe Parkway
                           Glendale, WI 53212-0536
                           Phone:  414.341.5800
                           Fax:  . 414.341.5075

                           Legal Department
                           Attn:  Anita Jansson
                           EFunds Corporation
                           400 West Deluxe Parkway
                           Glendale, WI  53212-0536
                           Phone:  414.341.5656
                           Fax:  414.341.5075

Address of                 Real Estate Department
Tenant:                    Attn:  Jim Peters
                           Deluxe PPS
                           1005 Gramsie Road
                           Shoreview, MN  55126
                           Phone:  651.483.7948
                           Fax :  651.481.4345

                           Legal Department
                           Attn:  Sharon Maylath
                           Deluxe PPS
                           3680 North Victoria Street
                           Shoreview, MN  55126
                           Phone:  651.483.7120
                           Fax:  651.787.2749
<PAGE>

                           Customer Care Center
                           Attn:  Tracy Geiger
                           Deluxe PPS
                           3050 South 35th Street; Suite B
                           Phoenix, AZ  85034
                           Phone:  602.431.2502
                           Fax:  602.431.2514

Address of                 3050 South 35th Street; Suite B
Premises:                  Phoenix, AZ  85034

Premises:                  The space crosshatched on Exhibit C, containing
                           approximately 50,337 Rentable Square Feet.

Initial                    Term: The term shall commence on the date of the
                           initial offering of shares in the Landlord to the
                           public (the "IPO Date"), and shall expire on the date
                           which is one (1) day prior to the date which is three
                           (3) years after the Rent Commencement Date.

Extension                  Two (2) options of One (1) year each, as described in
Options:                   Section 3.2.

Annual Gross
Rent Per                   Initial Term -                    $ 27.75/RSF
Rentable Square            First Extension Term -            $ 29.30/RSF
Foot:                      Second Extension Term -           $ 30.15/RSF

     1.2. Exhibits. The exhibits enumerated in the Table of Contents and
attached to this Lease are incorporated in this Lease by this reference.

                                   ARTICLE II.
                                   DEFINITIONS

     2.1. Definitions. In this Lease:

          (a) "Annual Gross Rent" means the amount set forth in the following
     schedule:

                                      -2-
<PAGE>

<TABLE>
<CAPTION>
                                                              Annual Gross Rent
                                                                Rent per Square        Annual Gross
         From and After:            Until and including:           Foot:                   Rent:
         --------------             --------------------      ------------------       ------------
         <S>                        <C>                       <C>                       <C>
         Rent Commencement          The last day of the            $27.75/RSF            $1,396,852
         Date                       Initial Term

         The first day of the       The last day of the first      $29.30/RSF            $1,474,874
         first Extension Term       Extension Term

         The first day of the       The last day of the            $30.15/RSF            $1,517,660
         second Extension           second Extension Term
         Term
</TABLE>

          (b) "Article" means an article of this Lease.

          (c) "Basic Lease Provisions" means those essential lease provisions
     defined in Section 1.1.

          (d) "Building" means the building in which the Premises are located.

          (e) "Casualty" means a fire, explosion, tornado or other cause of
     damage to or destruction of the Project or the Premises.

          (f) "City" means the City of Phoenix, Arizona.

          (g) "Common Areas" means those areas of the Building and the Project
     intended for the common use and enjoyment of Landlord, Tenant and
     Landlord's other tenants, including, without limitation, the cafeteria,
     sidewalks, driveways and parking areas shown on Exhibit B and Exhibit C.

          (h) "Excusable Delays" means a delay occasioned by a strike, lockout,
     riot, act of God, or any other cause or causes, whether similar or
     dissimilar to those enumerated, beyond Landlord's reasonable control. When
     this Lease extends a deadline by reason of an Excusable Delay, the deadline
     will be extended by a period of time equal to the duration of the Excusable
     Delay, unless specified otherwise.

          (i) "Extension Option" means either of the two (2) options to extend
     this Lease for one (1) year each, as described in Section 3.2.

          (j) "Extension Term" means either of the two (2) periods for which the
     Initial Term may be extended, as described in Section 3.2.

          (k) "Initial Term" means the Term without taking into account the
     exercise of any Extension Option for any Extension Term, as specifically
     defined in Section 1.1.

                                      -3-
<PAGE>

          (l) "Interest Rate" means the per annum reference rate, as publicly
     announced from time to time by U.S. Bank National Association, plus two
     percent (2%) per annum.

          (m) "Laws" means all Federal, state and local laws, ordinances, rules
     and regulations.

          (n) "Monthly Gross Rent" means the Annual Gross Rent divided by
     twelve.

          (o) "Normal Business Hours" means 5:00 a.m. to 9:00 p.m. Monday
     through Friday, and 5 a.m. to 7 p.m. on Saturday, excepting New Years Day,
     Easter, Thanksgiving and Christmas. Landlord and Tenant hereby acknowledge
     that Arizona does not recognize daylight savings time.

          (p) "Project" means the Building and the land described on the
     attached Exhibit A on which the Building is located.

          (q) "Rent Commencement Date" means the first day of the first month
     following the IPO Date.

          (r) "Rentable Square Foot" means a unit of one square foot of a
     Rentable Square Foot Area.

          (s) "Rentable Square Foot Area" means that number of enclosed square
     feet of the pertinent space actually available for occupancy by a tenant or
     occupant, measured as of the Rent Commencement Date using the most current
     BOMA standard (Standard Method for Measuring Floor Area in Office
     Buildings, ANSI/BOMA Z65.1-1996).

          (t) "Section" means a section of this Lease.

          (u) "Taking" means acquisition by a public authority having the power
     of eminent domain of all or part of the Project by condemnation or
     conveyance in lieu of condemnation.

          (v) "Term" means the Initial Term, as the same may be extended
     pursuant to Section 3.2. The Term will include any Extension Term with
     respect to which an Extension Option has been exercised.

                                      -4-
<PAGE>

                                  ARTICLE III.
                                      TERM

     3.1. Initial Term. Landlord leases the Premises to Tenant, and Tenant
leases the Premises from Landlord, for the Initial Term, under the terms and
conditions of this Lease. Tenant accepts the Premises in their "as is"
condition.

     3.2. Extension Options. Tenant has two (2) Extension Options to extend the
Term for one (1) year each, if Tenant notifies Landlord in writing at least six
(6) months prior to the expiration of the Term, as the same may have been
previously extended. Tenant may not exercise its second Extension Option for the
second Extension Term if it has not exercised its first Extension Option for the
first Extension Term. If Tenant exercises any of its Extension Options, this
Lease will be in full force and effect during the Term, as so extended, subject
to all of the terms and conditions of this Lease, except that the Annual Gross
Rent per Rentable Square Foot will be as set forth in the Basic Lease
Provisions.

     3.3 Early Termination Option. Notwithstanding any other provision in this
Lease to the contrary, Tenant may terminate this Lease upon twelve (12) months'
written notice to Landlord. If this Lease is terminated pursuant to this Section
3.3, Monthly Gross Rent shall be paid by Tenant on a pro rata basis for any
partial calendar month preceding and including the termination date.

                                   ARTICLE IV.
                              MONETARY OBLIGATIONS

     4.1. Monthly Gross Rent. Tenant will pay the Monthly Gross Rent to Landlord
at the Address of Landlord, or such other place as Landlord may designate, in
advance on the first day of each month during the Term, commencing on the Rent
Commencement Date, without demand, deduction or setoff, except as provided
otherwise in this Lease. All amounts to be paid by Tenant to Landlord under this
Lease will be deemed to be rent for purposes of payment and collection.

     4.2. Taxes, Insurance, Operating Expenses and Utilities . Landlord agrees
to pay all real estate taxes, special assessments, insurance costs (except for
the insurance Tenant is required to carry under this Lease), operating expenses
and utilities related to the Project, the Building and the Premises (except
expenses related to telecommunications). The Monthly Gross Rent is a "gross"
rent inclusive of all operating expenses and Tenant shall have no further
monetary obligation to Landlord under this Lease, except as specifically
provided herein. Notwithstanding the foregoing, if a special assessment is
levied in excess of $10,000 against the Project, Tenant shall be responsible for
and shall pay Landlord an amount equal to the amount of the special assessment
due each year during the Term with respect to the Building, multiplied by
Tenant's proportionate square footage share of the Building, at the time any
such special assessment

                                      -5-
<PAGE>

payments are due. Tenant shall have no responsibility to pay for special
assessments levied against the Project by reason of Landlord's further
construction of improvements on the Project or special assessments levied at
Landlord's request. If special assessments are levied and some portion are
Tenant's responsibility, and such payments may be paid, at Landlord's election,
in one lump sum or over a period of years, Tenant shall only be required to pay
for such special assessments in an amount and on such schedule as it would have
been required to pay if Landlord had elected to payment over a period of time.

                                   ARTICLE V.
                              USE; QUIET ENJOYMENT

     5.1. Use. The Premises shall be used and occupied by Tenant solely for
operation of an office or call center facility, and for no other purpose, and
such use and occupancy shall be in compliance with all Laws. The Premises shall
not be used in such manner that, in accordance with any requirement of Law,
Landlord shall be obligated to make any addition or alteration to the Project or
the Building.

     5.2. Quiet Enjoyment. If Tenant pays the Monthly Gross Rent and performs
all of Tenant's obligations under this Lease, Landlord promises that Tenant may
peaceably and quietly possess and enjoy the Premises under this Lease.

                                   ARTICLE VI.
                               OPERATIONAL MATTERS

     6.1. Operation, Repairs and Maintenance. Throughout the Term, Landlord
shall, at Landlord's sole cost and expense, take good care of the Project, the
Building and the Premises, including the roof of the Building, and shall put and
keep the same in good order, condition and repair, and shall make all repairs
thereto, interior and exterior, structural and non-structural, ordinary and
extraordinary, and foreseen and unforeseen, all as may be necessary to keep the
Project, the Building and the Premises and the fixtures, appurtenances, and
installations therein contained in good order and condition and in compliance
with all Laws. When used in this Lease, the term "repairs" shall include all
replacements, renewals, alterations, additions and betterments, when necessary
and appropriate. Landlord shall also provide daily janitorial service to the
Premises and the Common Areas.

     6.2. Common Areas. Landlord shall not restrict Tenant's rights to make use
of the Common Areas, except pursuant to such reasonable rules promulgated from
time to time by Landlord and applicable to all parties using the Building.

     6.3. Cafeteria. Tenant acknowledges that although there is currently a
cafeteria in the Building, there is no obligation on the part of Landlord to
expend any funds to continue food

                                      -6-
<PAGE>

service therein, except for the provision of tables, chairs and vending
machines, and other duties imposed on Landlord by virtue of its obligations to
maintain, repair and clean the Common Areas.

     6.4. No Waste; Maintenance of Tenant's Personal Property. Tenant shall not
do, permit or suffer to be committed any waste or damage, disfigurement or
injury to the Premises, or any part or portion thereof. Tenant shall maintain
its furniture, trade fixtures and equipment located within the Premises at
Tenant's sole cost and expense.

     6.5. Compliance with Laws. Tenant will, at its expense, promptly comply
with all Laws, now or subsequently pertaining to Tenant's particular use (as
opposed to mere occupancy) of the Premises.

     6.6. Signs. Landlord agrees that Tenant may add Tenant's lettering/type
face to the existing monument sign on the north side of the Building (at the
35th Street entry), which sign may be the maximum size permitted by the City.
Tenant will specify the size, specifications and colors of the sign, subject to
approval by the City. Landlord will not unreasonably withhold its consent to any
changes in Tenant's sign or other signs requested by Tenant.

          6.6.1 Temporary Signs. Landlord acknowledges that the Tenant currently
     has a temporary "Now Hiring" sign affixed at the east end of the north face
     of the Building. Tenant will be required to comply with all applicable
     codes of the business park and governing boards as to the size, design and
     duration such sign may be displayed.

     6.7. Alterations. Tenant will not make any alterations, additions or
improvements in or to the Premises without first obtaining the written consent
of Landlord, which consent will not be unreasonably withheld or delayed. Tenant
will pay for any labor, services, materials, supplies or equipment furnished to
Tenant in or about the Premises, and will pay and discharge any mechanic's,
materialmen's or other lien against the Premises resulting from Tenant's failure
to make such payment, or will contest the lien and deposit with Landlord, or an
escrow agent or title insurance company, cash equal to 125% of the amount of the
lien, or otherwise post security sufficient to release the Project from such
lien. If the lien is reduced to final judgment and all appeals are exhausted or
waived, Tenant will discharge the judgment and may use any cash deposited with
Landlord for such purpose, and Landlord will return all remaining cash deposited
by Tenant. Landlord may post notices of nonresponsibility on the Premises as
provided by law.

     6.8. Utilities. Landlord agrees to provide, at Landlord's sole expense,
during the Term all services currently being furnished to the Premises,
including heating, cooling and ventilating to keep the Premises comfortable for
office purposes during Normal Business Hours, water, sanitary sewer, and
electricity for normal office uses. Tenant shall pay provider directly for any
internet connection, telephone connection, and future add on internet services.

                                      -7-
<PAGE>

     6.9. Entry by Landlord. Landlord and its agents and contractors will have
the right to enter the Premises at reasonable times for inspecting or repairing
the Premises, upon not less than 24 hours' prior written notice to Tenant
(except in an emergency) and, at Tenant's election, if accompanied by an escort
provided by Tenant (except in an emergency), but Landlord will have no
obligation to make repairs, alterations or improvements except as expressly
provided in this Lease. During the last 180 days of the Term, Landlord will have
the right to enter the Premises at reasonable times, subject to the same prior
notice requirements set forth in the preceding sentence, for the purpose of
exhibiting the Premises for leasing, provided such entry does not unreasonably
interfere with Tenant's use of the Premises.

     6.10. Communication Equipment. Tenant will be entitled to place, at
Tenant's expense, a satellite dish or dishes and other communication equipment
on the roof of the building as needed for the conduct of Tenant's business.
Tenant agrees to comply with any screening requirements of the City and any
reasonable screening requirements of Landlord in connection with the
installation of any such communication equipment. Tenant agrees to use
Landlord's roofing contractor if Tenant penetrates the roof in connection with
the installation of any such communication equipment. Placement of such
communication equipment shall be subject to Landlord's approval, which approval
shall not be unreasonably withheld. Upon expiration of the Term, or at any
earlier time upon any removal of such communication equipment, Tenant agrees to
pay all costs related to removal of such communication equipment and repair of
the roof, if such removal damages the roof.

     6.11. Interruption of Business. Notwithstanding any Excusable Delay, if an
interruption or impairment of utilities or services provided by Landlord
materially impairs Tenant's ability to conduct its business and Tenant closes
its business in the Premises by reason thereof and such impairment and closure
continues for three (3) consecutive days, beginning after the end of such 3-day
period, all rent will abate until such utilities or services are reasonably
restored to an extent to render the Premises tenantable. Landlord will use
reasonable efforts to cause such utilities or services to be restored as soon as
possible.

     6.12. Parking. Tenant may, during the Term, use up to 200 of the unreserved
parking spaces located in the Common Areas shown on Exhibit B on a non-exclusive
basis, and 15 visitor parking spaces at the Suite B entrance to the Building,
upon the same terms and conditions as Landlord and Landlord's other tenants may
use such parking spaces.

                                  ARTICLE VII.
                                  TRANSACTIONS

     7.1. Assignment and Subletting. With Landlord's prior written consent,
which consent will not be unreasonably withheld or delayed, Tenant may assign or
sublet all or any part of the Premises for any permitted use at any time during
the Term. Tenant acknowledges that it

                                      -8-
<PAGE>

would be reasonable for Landlord to withhold such consent if the proposed
assignee or subtenant were a competitor of Landlord.

     7.2. Subordination and Nondisturbance. At the request of any mortgagee or
ground lessor, this Lease will be subject and subordinate to any mortgage or
ground lease which may now or in the future encumber the Project, and Tenant
will execute, acknowledge and deliver to Landlord any document requested by
Landlord to evidence the subordination. Any such future subordination by Tenant
will be subject to Tenant receiving a nondisturbance agreement from the party to
whom it is subordinating, which nondisturbance agreement will recognize the
rights of Tenant under this Lease so long as Tenant is not in default.

     7.3. Estoppel Certificates. Within 20 days after written request from
either party, the other party will execute, acknowledge and deliver a document
furnished by the requesting party, which statement may be relied upon by the
requesting party and third parties, stating (a) that this Lease is unmodified
and in full force and effect (or if modified, that this Lease is in full force
and effect as modified and stating the modifications), (b) the dates to which
rent and other charges have been paid, (c) the current Monthly Gross Rent, (d)
the dates on which the Term begins and ends, (e) the existence of any unexpired
Extension Options, (f) that Tenant has accepted the Premises and is in
possession, (g) that neither Landlord nor Tenant is in default under this Lease,
or specifying any such default, and (h) such other and further information as
may be reasonably requested.

                                  ARTICLE VIII.
                                  RISK SHIFTING

     8.1. Indemnification. Tenant agrees to indemnify, defend, and hold harmless
Landlord and its officers, directors, shareholders, partners, employees and
agents from and against all third party claims of whatever nature to the extent
arising from the negligent acts or willful misconduct of Tenant, or Tenant's
contractors, licensees, officers, partners, agents or employees, including
reasonable attorneys' fees. Landlord agrees to indemnify, defend, and hold
harmless Tenant and its officers, directors, shareholders, partners, employees
and agents from and against all third party claims of whatever nature to the
extent arising from the negligent acts or willful misconduct of Landlord or
Landlord's contractors, licensees, officers, partners, agents or employees,
including reasonable attorneys' fees.

     8.2. Liability Insurance. Landlord and Tenant each agree during the Term to
maintain adequate liability and other insurance with duly qualified, reputable
insurers authorized to do business in the state in which the Premises are
located and, upon request, to furnish the other with certificates of insurance
properly executed by their respective insurance companies evidencing the
insurance policies in effect, which certificates will agree to provide thirty
(30) days' notice to the other party in the event of cancellation of such
coverage. The minimum insurance coverages to be maintained by both parties will
be as follows:

                                      -9-
<PAGE>

          (a) Commercial general liability insurance, including coverage against
     claims for bodily injury, death and property damage or personal injury
     occurring in or about the Project, affording minimum limits of Two Million
     Dollars ($2,000,000.00) with respect to bodily injury, personal injury,
     death or property damage occurring or resulting from one occurrence and
     aggregate limits of not less than $3,000,000; and

          (b) Workers' compensation insurance in accordance with the statutory
     requirements of the state where the Project is located and employer's
     liability insurance with limits not less than as follows:

                 Bodily injury by accident:        $1,000,000 each accident
                 Bodily injury by disease:         $1,000,000 policy limit
                 Bodily injury by disease:         $1,000,000 each employee

     8.3. Landlord's Property Insurance. Landlord agrees that it will keep the
Project insured against loss or damage by those perils covered by the Insurance
Services Office Special Cause of Loss Form or with "all risks" coverage,
including, malicious mischief and vandalism, and boiler and machinery coverage,
in an amount sufficient to prevent Landlord from being a co-insurer under the
terms of the applicable policies, but in any event, in an amount not less than
one-hundred percent (100%) of the full replacement value of the Project, as
determined from time to time. Such insurance will be issued by financially
responsible insurers duly authorized to do business in the state where the
Project is located.

     8.4. Tenant's Property Insurance. Tenant agrees to maintain, at its own
expense, insurance against loss or damage by those perils covered by the
Insurance Services Office Special Cause of Loss Form or with all risk coverage,
including malicious mischief and vandalism, on Tenant's personal property
located at the Premises. Nothing contained in this Section 8.4 will be construed
as creating any liability or responsibility on the part of Landlord for the
adequacy of insurance coverage on Tenant's personal property.

     8.5. Waiver of Insurable Claims. Notwithstanding anything contained in this
Lease to the contrary, Landlord and Tenant release each other and the other's
agents and employees from any liability for loss or damage by fire or other
casualty coverable by the Insurance Services Office Special Cause of Loss Form
or a standard form of "all risks" insurance policy, whether or not the loss or
damage resulted from the negligence of the other, its agents or employees. Each
party will use reasonable efforts to obtain policies of insurance which provide
that this release will not adversely affect the rights of the insureds under the
policies. The releases in this Section 8.5 will be effective whether or not the
loss was actually covered by insurance.

                                      -10-
<PAGE>

                                   ARTICLE IX.
                                    CASUALTY

     9.1. Damage or Destruction. If the Premises or Project are damaged by
Casualty, the damage (excluding damage to Tenant's personal property) will be
repaired by Landlord at its expense to a condition as near as reasonably
possible to the condition prior to the Casualty. Landlord will begin repairs
within 30 days after the Casualty and complete the repairs within 120 days after
the Casualty, subject to Excusable Delays. If Landlord fails to begin or
complete the repairs as required, Tenant may give Landlord notice to do so. If
Landlord has not begun the repairs or completed the repairs, as applicable,
within 30 days after Tenant's notice, Tenant may terminate this Lease by written
notice to Landlord given within 30 days after expiration of the 30-day period.
If this Lease is terminated because of the Casualty, rents and other payments
will be prorated as of the later of the date of such Casualty or the date when
Tenant ceased doing business in the Premises and will be proportionately
refunded to Tenant or paid to Landlord, as the case may be. During any period in
which the Premises or any portion of the Premises are made untenantable as a
result of the Casualty (whether or not the Premises themselves were damaged by
the Casualty), all rent will be abated for the period of time untenantable, plus
thirty (30) days for Tenant to reopen all of the Premises after the completion
of Landlord's repairs, in proportion to the Rentable Square Foot Area made
untenantable as a result of the Casualty. In addition, if the Casualty occurs
less than twelve (12) months prior to the end of the Term, as the same may have
been extended, Tenant may terminate this Lease as of the Casualty if the
Premises may not reasonably be made tenantable within 30 days after the
Casualty.

                                   ARTICLE X.
                                 EMINENT DOMAIN

     10.1. Eminent Domain. If there is a Taking of 25% or more of the Premises,
25% or more of the total Rentable Square Foot Area of the Project, 25% or more
of the parking spaces in the Project, either party may terminate this Lease as
of the date the public authority takes possession, by written notice to the
other party within 30 days after the Taking. If this Lease is so terminated, any
rents and other payments will be prorated as of the termination and will be
proportionately refunded to Tenant, or paid to Landlord, as the case may be. All
damages, awards and payments for the Taking will belong to Landlord regardless
of the basis upon which they were made or awarded, except that Tenant will be
entitled to any amounts specifically awarded by the condemning authority to
Tenant for relocation, damage to Tenant's property or business loss. If this
Lease is not terminated as a result of the Taking, Landlord will restore the
remainder of the Premises to a condition as near as reasonably possible to the
condition prior to the Taking (excluding Tenant's personal property) and all
rent will be abated for the period of time the space is untenantable in
proportion to the square foot area untenantable.

                                      -11-
<PAGE>

                                   ARTICLE XI.
                                    DEFAULTS

     11.1. Tenant Defaults. If (a) Tenant defaults in the payment of rent or
other amounts under this Lease and the default continues for 10 days after
written notice by Landlord to Tenant, (b) Tenant defaults in any other
obligation under this Lease and the default continues for 30 days after written
notice by Landlord to Tenant (unless such default is of a nature that cannot be
cured within such 30 day period, in which case Tenant will have such time to
cure the default as is reasonably necessary, provided Tenant commences to cure
such default within the original 30 day period and continues to diligently and
continuously pursue the cure thereof to completion), (c) any proceeding is begun
by or against Tenant to subject the assets of Tenant to any bankruptcy or
insolvency law or for an appointment of a receiver of Tenant or for any of
Tenant's assets and with respect to a proceeding against Tenant is not
discharged within 60 days, or (d) Tenant makes a general assignment of Tenant's
assets for the benefit of creditors, then Landlord may, with or without
terminating this Lease, cure the default and charge Tenant all costs and
expenses of doing so, and Landlord also may, by process of law, re-enter the
Premises, remove all persons and property, and regain possession of the
Premises, without waiver or loss of any of Landlord's rights under this Lease,
including Landlord's right to payment of Monthly Gross Rent. Landlord also may
terminate this Lease as to all future rights of Tenant. Tenant waives any right
of restoration to possession of the Premises after re-entry, notice of
termination, or judgment for possession. If this Lease is terminated under this
Section 11.1, Tenant will indemnify Landlord against all loss of rents and other
costs and damages which Landlord may incur as a result of the termination for
the remainder of the Term, and against all related reasonable attorneys' fees,
brokerage fees and other expenses, including, without limitation, the cost of
preparing the Premises for re-letting. If Tenant defaults in any of its
obligations under this Lease, it will promptly reimburse Landlord for all costs
(including, without limitation, reasonable attorneys' fees) incurred by Landlord
in enforcing Tenant's obligations, whether or not this Lease is terminated and
whether or not suit is brought. No right or remedy will preclude any other right
or remedy, no right or remedy will be exclusive of or dependent upon any other
right or remedy, and any right or remedy may be exercised independently or in
combination.

     11.2. Landlord Defaults. If Landlord fails or neglects to keep and perform
any of the covenants or agreements in this Lease on the part of Landlord to be
kept and performed, Tenant may notify Landlord thereof and if Landlord does not
cure such default within thirty (30) days (or such shorter period as may be
reasonable under the circumstances, in the event of an emergency) after the date
of receiving such notice (or if the default is of such a character as to require
more than thirty (30) days to cure, Landlord does not commence to cure such
default within thirty (30) days and proceed with the cure with reasonable
diligence), Tenant may, in addition to all other remedies now or hereafter
afforded or provided by law, perform such covenant or agreement for or on behalf
of Landlord or make good any such default, and any amount or amounts which
Tenant advances on Landlord's behalf will be repaid by Landlord to Tenant on
demand, together with interest thereon at the Interest Rate from the date of
such advance to the repayment thereof in full, and if Landlord does not repay
any such amount or

                                      -12-
<PAGE>

amounts upon demand, Tenant may, without forfeiture of its rights under this
Lease, deduct the same, together with interest thereon as provided above, from
the next installment or installments of rent to accrue under this Lease.

                                  ARTICLE XII.
                                  MISCELLANEOUS

     12.1. Waiver of Lease Provisions. No waiver of any provision of this Lease
will be deemed a waiver of any other provision or a waiver of that same
provision on a subsequent occasion. The receipt of rent by Landlord with
knowledge of a default under this Lease by Tenant will not be deemed a waiver of
the default. Landlord will not be deemed to have waived any provision of this
Lease unless it is done by express written agreement of Landlord. Any payment by
Tenant and acceptance by Landlord of a lesser amount than the full amount of all
rent then due will be applied to the earliest rent due. No endorsement or
statement on any check or letter for payment of rent or other amount will be
deemed an accord and satisfaction, and Landlord may accept such check or payment
without prejudice to its right to recover the balance of any rent or other
payment or to pursue any other remedy provided in this Lease.

     12.2. Surrender. On expiration of the Term or sooner termination of this
Lease, Tenant will return possession of the Premises to Landlord, without notice
from Landlord, in good order and condition, except for ordinary wear and damage,
Casualty or conditions Tenant is not required to remedy under this Lease. If
Tenant does not so return possession of the Premises to Landlord, Tenant will
pay Landlord all resulting damages Landlord may suffer and will indemnify
Landlord against all claims made by any new tenant of all or any part of the
Premises. Any property left in the Premises after expiration or termination of
this Lease will be deemed abandoned by Tenant and will be the property of
Landlord to dispose of as Landlord chooses, at Tenant's sole cost and expense.

     12.3. Holding Over. If Tenant remains in possession of the Premises after
expiration of the Term without a new lease, it may do so only with the consent
of Landlord, and any such holding over will be from month-to-month, subject to
all the same provisions of this Lease, except that the rental rate will be 125%
of the then Monthly Gross Rent. The month-to-month occupancy may be terminated
by Landlord or Tenant on the last day of any month by at least 30 days prior
written notice to the other.

     12.4. Notices. Any notice under this Lease will be in writing, and will be
sent by prepaid certified mail or reputable overnight courier or by facsimile
confirmed by certified mail or reputable overnight courier, addressed to Tenant
at the Address of Tenant, and to Landlord at the Address of Landlord, or to such
other address as is designated in a notice given under this Section 12.4, which
change of address will be effective 10 days after the giving of notice of such
change. A notice will be deemed given on the date of first attempted delivery
(if sent by

                                      -13-
<PAGE>

certified mail or overnight courier) or upon completed facsimile transmission to
the proper fax number. Routine mailings by either party may be sent by regular
mail.

     12.5. Governing Law. This Lease will be construed under and governed by the
laws of state in which the Premises are located. If any provision of this Lease
is illegal or unenforceable, it will be severable and all other provisions will
remain in force as though the severable provision had never been included.

     12.6. Entire Agreement. This Lease contains the entire agreement between
Landlord and Tenant regarding the Premises. This Lease may be modified only by
an agreement in writing signed by Landlord and Tenant. No surrender of the
Premises, or of the remainder of the Term, will be valid unless accepted by
Landlord in writing. This Lease was thoroughly negotiated by Landlord and Tenant
and no inference will be drawn based on which party drafted the original version
of this Lease.

     12.7. Successors and Assigns. All provisions of this Lease will be binding
on and for the benefit of the successors and assigns of Landlord and Tenant,
except that no person or entity holding under or through Tenant in violation of
any provision of this Lease will have any right or interest in this Lease or the
Premises.

     12.8. Consent Not Unreasonably Withheld. Landlord and Tenant agree that
whenever under this Lease provision is made for securing the consent or approval
of the other, such consent or approval will not be unreasonably withheld or
delayed. If either party believes the other has unreasonably withheld or delayed
its consent or approval, an action for declaratory judgment or specific
performance will be the sole right and remedy in any dispute as to whether the
other has breached such obligation.

     12.9. Short Form Lease. Upon the request of either Landlord or Tenant,
Landlord and Tenant will enter into a Short Form Lease, in recordable form,
which will set forth the parties to this Lease, the Premises, the Initial Term
and the Extension Options, but will incorporate the balance of this Lease only
by reference. Either party, at its cost, may record such a Short Form Lease.

     12.10. Attorneys' Fees. In any dispute between Landlord and Tenant, the
reasonable attorneys' fees of the prevailing party will be paid by the
non-prevailing party.

                                      -14-
<PAGE>

     Landlord and Tenant have executed this Lease to be effective as of the date
stated in the first paragraph of this Lease.

                                       Landlord:

                                       eFUNDS CORPORATION

                                       By________________________________
                                           Its______________________________

                                       Tenant:

                                       DELUXE FINANCIAL SERVICES, INC.

                                       By________________________________
                                           Its______________________________

                                      -15-<PAGE>

                                                                    EXHIBIT 10.8

                               PURCHASE AGREEMENT

     This Purchase Agreement (this "Agreement") is entered into on April 3, 2000
between Deluxe Financial Services, Inc., a Minnesota corporation ("DFSI"), and
eFunds Corporation, a Delaware corporation ("eFunds"). Capitalized terms used
herein and not otherwise defined herein shall have the meanings ascribed to such
terms in Article I hereof.

                                    RECITALS

     WHEREAS, DFSI and eFunds are wholly owned subsidiaries of Deluxe
Corporation, a Minnesota corporation ("Deluxe");

     WHEREAS, the Board of Directors of Deluxe has determined that it would be
appropriate and desirable to completely separate the eFunds Business from
Deluxe;

     WHEREAS, the Boards of Directors of Deluxe, DFSI and eFunds have each
determined that it would be appropriate and desirable for DFSI to sell to eFunds
and for eFunds to purchase from DFSI certain real property located in Phoenix,
Arizona and personal property attached to such real property; and

     WHEREAS, DSFI and eFunds intend in this Agreement, including the Exhibits
and Schedules attached hereto, to set forth the principal arrangements between
them regarding the sale of the real property located in Phoenix, Arizona and
personal property attached to such real property.

     NOW, THEREFORE, in consideration of the foregoing and the covenants and
agreements set forth below, the parties hereto agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

     Section 1.1. Defined Terms. The following terms, as used herein, shall have
the following meanings:

     "Affiliates" means, with respect to any specified Person, any Person that
     directly, or indirectly through one or more intermediaries, controls, or is
     controlled by, or is under common control with such specified Person;
     provided, however, that for purposes of this Agreement, (i) Deluxe and its
     Subsidiaries (other than eFunds and its Subsidiaries) shall not be
     considered Affiliates of eFunds and (ii) eFunds and its Subsidiaries shall
     not be considered Affiliates of Deluxe;

     "eFunds Business" means the business and operations of eFunds as currently
     conducted by eFunds, iDLX Corporation, eFunds Holding Ltd., Connex Europe
     SRL, Deluxe Overseas, Inc., eFunds Corporation, Deluxe Payment Protection
     Systems,Inc., Chex Systems, Inc. and Deluxe Analytic Research Technologies,
     Inc., and as such business and operations will continue following the
     Contribution Date.
<PAGE>

     "Person" means an individual, a partnership, a corporation, a limited
     liability company, an association, a joint stock company, a trust, a joint
     venture, an unincorporated organization and a governmental entity or any
     department, agency or political subdivision thereof.

     "Subsidiary" means, with respect to any Person, any corporation, any
     limited liability company, any partnership or other legal entity of which
     such Person or its Subsidiaries owns, directly or indirectly, more than 50%
     of the stock or other equity interest entitled to vote on the election of
     members of the board of directors or similar governing body. Unless the
     context otherwise requires, with reference to Deluxe and its Subsidiaries,
     the term "Subsidiary" shall not include eFunds or any Subsidiary of Deluxe
     that will be transferred to eFunds after giving effect to the Separation.

                                   ARTICLE II
                           PURCHASE AND SALE OF ASSETS

     Section 2.1 Purchase and Sale of Assets. At the Closing, on and subject to
the terms and conditions of this Agreement, DFSI agrees to sell, convey,
transfer, assign and deliver to eFunds, and eFunds agrees to purchase and accept
from DFSI, all of the right, title and interest of DFSI in and to the following
assets (all of such assets, properties and rights being sometimes collectively
called the "Purchased Assets"):

          (a) the real property located at Lots 20, 22, 23 and 34 and the South
     half of Lot 19, SOUTHBANK, according to Book 306 of Maps, page 44, records
     of Maricopa County, Arizona (the "Real Property"); and

          (b) the personal property owned by DFSI described on Schedule 2.1(b)
     attached hereto, and situated in or about the Real Property (the "Personal
     Property").

     Section 2.2 Assumption of Liabilities. In partial payment of the Purchase
Price (as defined in Section 2.4 hereof), subject to the terms and conditions
set forth in this Agreement, at Closing, eFunds hereby assumes and agrees on a
timely basis to pay, perform, satisfy and discharge, or will cause the eFunds
Subsidiaries to pay, perform, satisfy and discharge all debts, liabilities,
guarantees, assurances, commitments and obligations of DFSI or its Affiliates
primarily associated with the Purchased Assets (whether known or unknown,
asserted or unasserted, absolute or contingent, accrued or unaccrued, liquidated
or unliquidated, and due or to become due) (collectively, the "Assumed
Liabilities").

     Section 2.3 Methods of Transfer and Assumption.

          (a) eFunds and DFSI agree that transfers of Purchased Assets set forth
     in Section 2.1 hereof shall be effected by delivery by DFSI to eFunds of
     (a) with respect to any real property interest or any improvements thereon,
     a quit claim deed in accordance with local practice, and (b) with respect
     to all other Purchased Assets owned by DFSI, such good and sufficient
     instruments of contribution, conveyance, assignment and transfer, in form
     and substance reasonably

                                       2
<PAGE>

     satisfactory to DFSI and eFunds, as shall be necessary to vest in eFunds
     all of DFSI's title and ownership interest in and to any such Purchased
     Asset. Notwithstanding the quit claim nature of the conveyances herein
     contemplated, DFSI hereby agrees to cooperate in all reasonable respects
     with eFunds with respect to any third party ownership or lien claims on any
     of the Purchased Assets. DFSI shall, among other things, provide eFunds
     with such records, access to employees, officers and directors, and other
     assistance as it may reasonably request with respect thereto, but shall not
     be liable for any damages, payments, or claims related to the Purchased
     Assets.

          (b) To the extent necessary, the assumption of the Assumed Liabilities
     contemplated pursuant to Section 2.2 hereof shall be effected by delivery
     by eFunds to DFSI of such good and sufficient instruments of assumption, in
     form and substance reasonably satisfactory to DFSI and eFunds as shall be
     necessary for the assumption by eFunds of the Assumed Liabilities.

          (c) Each of the parties hereto also agrees to deliver to any other
     party hereto such other documents, instruments and writings as may be
     reasonably requested by such other party hereto in connection with the
     transactions contemplated hereby.

          (d) NOTWITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT TO THE
     CONTRARY, THE TRANSFERS AND ASSUMPTIONS REFERRED TO IN THIS ARTICLE II ARE
     BEING MADE WITHOUT ANY REPRESENTATION OR WARRANTY OF ANY NATURE (I) AS TO
     THE VALUE OR FREEDOM FROM ENCUMBRANCE OF ANY OF THE PURCHSAED ASSETS, (II)
     AS TO ANY WARRANTY OF MERCHANTABILITY OR WARRANTY OF FITNESS FOR A
     PARTICULAR PURPOSE OR OF ANY OTHER MATTER CONCERNING ANY OF THE PURCHASED
     ASSETS, OR (III) AS TO THE LEGAL SUFFICIENCY TO CONVEY TITLE TO ANY OF THE
     PURCHASED ASSETS. The instruments of transfer or assumption referred to in
     this Section 2.3 shall not include any separate representations and
     warranties. Deluxe and eFunds hereby acknowledge and agree that all
     Purchased Assets are being transferred "AS IS, WHERE IS." eFunds shall bear
     the economic and legal risks that any conveyances of the Purchased Assets
     to eFunds shall prove to be insufficient or that eFunds's title to any of
     the Purchased Assets which they currently own (or, after giving effect to
     the transfers contemplated by this Agreement, will own) shall be other than
     good and marketable and free from encumbrances.

          (e) DFSI and eFunds hereby further acknowledge and agree that in the
     event and to the extent that there is any conflict between the provisions
     of this Agreement and the provisions of any of the instruments of transfer
     or assumption referred to in this Section 2.3, the provisions of this
     Agreement shall control except where a specific conveyancing instrument
     specifically provides that such instrument shall control over this Section
     2.3 and refers to this specific Section 2.3 by number.

          (f) The parties intend to complete the transfer of all Purchased
     Assets and the assumption of all eFunds Liabilities effective on or prior
     to the Closing Date but, to the extent that any such transfers and
     assumptions are not completed prior to the Closing Date, the parties shall
     take all actions reasonably necessary or appropriate to complete such
     transactions as promptly thereafter as possible. In addition to those
     transfers and assumptions accurately

                                       3
<PAGE>

     identified and designated by the parties to take place but which the
     parties are not able to effect prior to the Closing Date, there may exist
     (i) Purchased Assets that the parties discover were, contrary to the
     agreements between the parties, by mistake or omission, transferred to
     eFunds or retained by Deluxe or (ii) liabilities that the parties discover
     were, contrary to the agreements between the parties, by mistake or
     omission, assumed by eFunds or not assumed by eFunds. The parties shall,
     between the Closing Date and the date the Distribution occurs, cooperate in
     good faith to effect the transfer or re-transfer of such Purchased Assets,
     and/or the assumption or re-assumption of such Assumed Liabilities, to or
     by the appropriate party and shall not use the determination of remedial
     actions contemplated herein to alter the original intent of the parties
     hereto with respect to Purchased Assets to be transferred to or the Assumed
     Liabilities to be assumed by eFunds. Each party shall reimburse the other
     or make other financial adjustments (e.g., without limitation, cash
     reserves) or other adjustments to remedy any mistakes or omissions relating
     to any of the Purchased Assets transferred hereby or Assumed Liabilities
     assumed hereby.

     Section 2.4 Consideration and Payment.

          (a) Purchase Price. The aggregate purchase price for the Purchased
     Assets shall be an amount equal to the $10,007,049.51 (the "Purchase
     Price") plus the assumption of the Assumed Liabilities. The Purchase Price
     shall be allocated as follows: $9,753,524.32 towards the Real Property, and
     $343,525.19 towards the Personal Property.

          (b) Payment of Purchase Price. At the Closing, eFunds shall pay the
     Purchase Price in cash or by certified or bank cashier's check.

     Section 2.5 Closing. The closing of the sale and purchase of the Purchased
Assets contemplated by this Agreement (the "Closing") shall take place on the
date hereof (the "Closing Date") at the offices of DFSI at 3680 Victoria Street
North, Shoreview, Minnesota 55126. For accounting purposes, the parties hereto
covenant and agree the Closing will be deemed to have occurred as of 5:00 p.m.
on March 31, 2000.

                                   ARTICLE III
                                 INDEMNIFICATION

     Section 3.1. Indemnification by eFunds. eFunds shall jointly and severally
indemnify in full DFSI and each of its Affiliates and their respective officers,
directors, employees, agents and representatives (the "Deluxe Indemnitees") and
hold them harmless against any and all losses, liabilities, deficiencies,
damages, expenses or costs (including reasonable legal and other external
advisors fees and expenses) (each an "Indemnifiable Loss"), resulting from,
relating to or arising, whether prior to or following the Closing Date, out of
or in connection with the Purchased Assets and the Assumed eFunds. Any
indemnification payment made under this Agreement shall be characterized for tax
purposes as if such payment were made immediately prior to the Closing Date.

         Section 3.2.      Indemnification Procedures.

                                       4
<PAGE>

          (a) If a claim or demand for an Indemnifiable Loss is made against a
     Deluxe Indemnitee by any Person who is not a party to the this Agreement (a
     "Third Party Claim") as to which such Deluxe Indemnitee is entitled to
     indemnification pursuant to Section 1 hereof, such Deluxe Indemnitee shall
     give eFunds notice of such Third Party Claim, as promptly as practicable,
     but in any event no later than 15 days after the receipt by the Deluxe
     Indemnitee of such notice; provided, however, that the failure to provide
     such notice shall not release eFunds from any of its obligations under this
     Agreement except to the extent eFunds is materially prejudiced by such
     failure and shall not relieve eFunds from any other obligation or liability
     that it may have to any Deluxe Indemnitee otherwise than under this
     Agreement. If eFunds acknowledges in writing its obligations to indemnify
     the Deluxe Indemnitee hereunder against any Indemnifiable Losses that may
     result from such Third Party Claim, then eFunds shall be entitled to assume
     and control the defense of such Third Party Claim at its expense and
     through counsel of its choice, subject to the approval of the Deluxe
     Indemnitee (which approval shall not be unreasonably withheld or delayed),
     if it gives notice of its intention to do so to the Deluxe Indemnitee
     within 15 days of the receipt of such notice from the Deluxe Indemnitee (or
     such shorter period as may be required to avoid a default in responding to
     the assertion of the Third Party Claim in any tribunal before which such
     claim has been brought); provided, however, that if there exists or is
     reasonably likely to exist a conflict of interest that would make it
     inappropriate in the reasonable judgment of the Deluxe Indemnitee for the
     same counsel to represent both the Deluxe Indemnitee and eFunds, then the
     Deluxe Indemnitee shall be entitled to retain its own counsel, in each
     jurisdiction for which the Deluxe Indemnitee determines counsel is required
     to participate in such defense, at the expense of eFunds. In the event
     eFunds exercises the right to undertake any such defense against any such
     Third Party Claim as provided above, the Deluxe Indemnitee shall cooperate
     with eFunds in such defense and make available to eFunds, at the eFunds's
     expense, all witnesses, pertinent records, materials and information in the
     Deluxe Indemnitee's possession or under the Deluxe Indemnitee`s control
     relating thereto as is reasonably required by eFunds, subject to
     reimbursement of reasonable out-of-pocket expenses. Similarly, in the event
     the Deluxe Indemnitee is, directly or indirectly, conducting the defense
     against any such Third Party Claim, eFunds shall cooperate with the Deluxe
     Indemnitee in such defense and make available to the Deluxe Indemnitee all
     such witnesses, records, materials and information in eFunds's possession
     or under eFunds's control relating thereto as is reasonably required by the
     Deluxe Indemnitee, subject to reimbursement of reasonable out-of-pocket
     expenses. No such Third Party Claim may be settled by eFunds without the
     prior written consent of the Deluxe Indemnitee (which shall not be
     unreasonably withheld or delayed) unless such settlement is solely for
     money and includes an unconditional release of each Deluxe Indemnitee from
     any and all Indemnifiable Losses arising out of such action, claim, suit or
     proceeding and would not otherwise adversely affect the Deluxe Indemnitee.
     No such Third Party Claim may be settled by the Deluxe Indemnitee without
     the prior written consent of eFunds which shall not be unreasonably
     withheld or delayed.

          (b) All Deluxe Indemnitees (other than DFSI) shall, as a condition of
     their rights to indemnification hereunder, be deemed to have granted Deluxe
     an irrevocable power of attorney, coupled with an interest, with respect to
     all matters for which any determination may be made, action may be taken or
     consent may be given or withheld under this Section 2, including, without

                                       5
<PAGE>

     limitation, any determination regarding selection of counsel and any
     consent regarding settlement, and any such determination, action or consent
     made, taken, given or withheld by such party shall be binding up such
     Deluxe Indemnitee as if made, taken, given or withheld by such Deluxe
     Indemnitee personally.

          (c) Notwithstanding the foregoing, eFunds shall not be entitled to
     assume the defense of any Third Party Claim and shall be liable for the
     fees and expenses of counsel incurred by the Deluxe Indemnitee in defending
     such Third Party Claim if the Third Party Claim seeks an order, injunction
     or other equitable relief or relief for other than money damages against
     the Deluxe Indemnitee which the Deluxe Indemnitee reasonably determines,
     after conferring with its counsel, cannot be separated from any related
     claim for money damages. If such equitable relief or other relief portion
     of the Third Party Claim can be so separated from that for money damages,
     eFunds shall be entitled to assume the defense of the portion relating to
     money damages.

          (d) In the event any Deluxe Indemnitee should have a claim against
     eFunds that does not involve a Third Party Claim, the Deluxe Indemnitee
     shall deliver a notice of such claim with reasonable promptness to eFunds.
     If eFunds notifies the Deluxe Indemnitee that it does not dispute the claim
     described in such notice or fails to notify the Deluxe Indemnitee within 20
     business days after delivery of such notice by the Deluxe Indemnitee
     whether eFunds disputes the claim described in such notice, the
     Indemnifiable Loss in the amount specified in the Deluxe Indemnitee's
     notice will be conclusively deemed a liability of eFunds and eFunds shall
     pay the amount of such Indemnifiable Loss to the Deluxe Indemnitee on
     demand. If eFunds has timely disputed the liability with respect to such
     claim, the Chief Financial Officer of eFunds and the Chief Financial
     Officer of DFSI will proceed in good faith to negotiate a resolution of
     such dispute, and if not resolved through the negotiations of such
     individuals within 20 days after the delivery of the Deluxe Indemnitee's
     notice of such claim, such dispute shall be resolved fully and finally in
     Minneapolis, Minnesota, by an arbitrator selected pursuant to and an
     arbitration governed by Commercial Arbitration Rules of the American
     Arbitration Association, as modified herein. The parties will jointly
     appoint a mutually acceptable independent arbitrator, seeking assistance in
     such regard from the American Arbitration Association. The arbitrator shall
     resolve the dispute within 30 days after selection and judgment upon the
     award rendered by such arbitrator may be entered in any court of competent
     jurisdiction. Each of DFSI, on the one hand, and eFunds, on the other,
     shall bear its own fees and expenses in connection with such arbitration
     and shall bear 50% of the fees and expenses of the arbitrator.

                                   ARTICLE IV
                                  MISCELLANEOUS

     Section 4.1 Entire Agreement. This Agreement and the documents referenced
herein, constitute the entire agreement between the parties with respect to the
subject matter hereof and shall supersede all prior written and oral and all
contemporaneous oral agreements and understandings with respect to the subject
matter hereof.

                                       6
<PAGE>

     Section 4.2 Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Minnesota without regard
to its conflicts of laws principles.

     Section 4.3 Notices. All notices, consents, requests, approvals, and other
communications provided for or required herein, and all legal process in regard
thereto, must be in writing and shall be deemed validly given, made or served,
(a) when delivered personally or sent by telecopy to the facsimile number
indicated below with a required confirmation copy sent in accordance with
subsection (c) below; or (b) on the next business day after delivery to a
nationally recognized express delivery service with instructions and payment for
overnight delivery; or (c) on the fifth (5th) day after deposited in any
depository regularly maintained by the United States postal service, postage
prepaid, certified or registered mail, return receipt requested, addressed to
the following addresses or to such other address as the party to be notified
shall have specified to the other party in accordance with this section:

     If to DFSI:

                  Deluxe Financial Services, Inc.
                  c/o Deluxe Corporation
                  3680 Victoria Street North
                  Shoreview, Minnesota 55126
                  Attn:    Chief Financial Officer
                  Facsimile:________________
                  Copy to:  General Counsel
                  Facsimile:________________

     If to eFunds:

                  eFunds Corporation
                  400 West Deluxe Parkway
                  P.O. Box 12536
                  Milwaukee, Wisconsin 53212
                  Attn:    Chief Financial Officer
                  Facsimile:________________
                  Copy to:  General Counsel
                  Facsimile:________________

     Section 4.4 Parties in Interest. This Agreement, including the Schedules
and Exhibits hereto, and the other documents referred to herein, shall be
binding upon and inure solely to the benefit of each party hereto and their
legal representatives and successors, and nothing in this Agreement, express or
implied, is intended to confer upon any other Person any rights or remedies of
any nature whatsoever under or by reason of this Agreement.

     Section 4.5 Counterparts. This Agreement, including the Schedules and
Exhibits hereto, and the other documents referred to herein, may be executed in
counterparts, each of

                                       7
<PAGE>

which shall be deemed to be an original but all of which shall constitute one
and the same agreement.

     Section 4.6 Assignment. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective legal representatives and
successors. This Agreement may not be assigned by any party hereto.

     Section 4.7 Severability. If any term or other provision of this Agreement
or the Schedules or Exhibits attached hereto is determined by a nonappealable
decision by a court, administrative agency or arbitrator to be invalid, illegal
or incapable of being enforced by any rule of law or public policy, all other
conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any
party. Upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the parties hereto shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in an acceptable manner to the end that
transactions contemplated hereby are fulfilled to the fullest extent possible.

     Section 4.8 No Waiver; Remedies Cumulative. No failure or delay on the part
of any party hereto in the exercise of any right hereunder shall impair such
right or be construed to be a waiver of, or acquiescence in, any breach of any
representation, warranty or agreement herein, nor shall any single or partial
exercise of any such right preclude other or further exercise thereof or of any
other right. All rights and remedies existing under this Agreement or the
Schedules or Exhibits attached hereto are cumulative to, and not exclusive of,
any rights or remedies otherwise available.

     Section 4.9 Amendment. No change or amendment will be made to this
Agreement except by an instrument in writing signed on behalf of each of the
parties to such agreement.

     Section 4.10 Authority. Each of the parties hereto represents to the other
that (a) it has the corporate or other requisite power and authority to execute,
deliver and perform this Agreement, (b) the execution, delivery and performance
of this Agreement by it have been duly authorized by all necessary corporate or
other action, (c) it has duly and validly executed and delivered this Agreement,
and (d) this Agreement is a legal, valid and binding obligation, enforceable
against it in accordance with its terms subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting
creditors, rights generally and general equity principles.

                                       8
<PAGE>

     Section 4.11 Interpretation. The headings contained in this Agreement, in
any Exhibit or Schedule hereto and in the table of contents to this Agreement
are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. Any capitalized term used in any Schedule or
Exhibit but not otherwise defined therein, shall have the meaning assigned to
such term in this Agreement. When a reference is made in this Agreement to an
Article or a Section, Exhibit or Schedule, such reference shall be to an Article
or Section of, or an Exhibit or Schedule to, this Agreement unless otherwise
indicated.

     Section 4.12 Survival. All of the terms of this Agreement and the
obligations, warranties and representations herein contained, shall survive and
be enforceable after the Closing.

                          SIGNATURES ON FOLLOWING PAGE

                                       9
<PAGE>

         IN WITNESS WHEREOF, each of the parties has caused the Assignment and
Assumption Agreement to be executed on its behalf by its officers thereunto duly
authorized on the day and year first above written.

                                       DELUXE FINANCIAL SERVICES, INC.

                                       By:
                                       Name: ________________________
                                       Title:________________________

                                       By:
                                       Name: ________________________
                                       Title:________________________

                                       EFUNDS CORPORATION

                                       By: ___________________________
                                       Name: _________________________
                                       Title:___________________

                                       By:
                                       Name: ________________________
                                       Title:________________________

                                       10

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