Fair Isaac's Newest Falcon One Solution Helps Banks Effectively Stop Fraud in Online Transactions; Falcon One for Online Access to Provide Real-Time, Multi-Factor Customer Identity Authentication With Minimal Customer Impact

Fair Isaac Corporation (NYSE:FIC), the leading provider
of analytics and decision management technology, announced today the
release of Falcon One(TM) for Online Access, a real-time, multi-factor
authentication solution that uses industry-leading fraud analytics to
provide maximum online fraud detection with minimal customer impact.
As part of Fair Isaac's Enterprise Decision Management (EDM)
software and solutions, Falcon One for Online Access is another key
element in the Falcon One suite of interlinking enterprise fraud
solutions. The solution may be deployed individually, or cooperate
with other existing or added Fair Isaac fraud protection systems such
as Fair Isaac's Falcon(TM) Fraud Manager, which is used widely in the
credit and debit card industries.
Falcon One for Online Access is a uniquely comprehensive system
for protecting online financial transactions. It provides neural
network-based transaction monitoring capability that learns customer
behavior patterns and recognizes suspicious transactions, including
patterns of transactions spanning online, debit, branch and credit
transactions. The system leverages account knowledge from other
companion fraud protection systems to provide complete coverage of
customer assets and the channels that access them.
"There is no silver bullet in the fight against increasingly
sophisticated online attacks," said Ted Crooks, vice president of
Global Fraud Solutions at Fair Isaac. "Only a comprehensive system
combining both the human and electronic aspects of online activity and
integrating with other fraud systems can provide a lasting solution.
It's customer confidence and fear in the balance, and at the end of
the day, only comprehensive protection will deliver lasting success."
In addition to unique behavior monitoring tools, Falcon One for
Online Access monitors the details of the electronic behavior of the
Internet communication channel used during an online session. This
monitoring continues throughout the session in order to thwart
"man-in-the-middle" attacks where a legitimate session is highjacked
by an imposter.
Using both its transaction behavior intelligence and
communications channel monitoring, Falcon One for Online Access
provides continuous feedback on session risk to the bank's web hosting
system, allowing bank managers to determine the best level of
intervention or confirmation at every level of risk. To assist with
risk mitigation, Falcon One for Online Access provides optional
transient passwords, an advanced identity authentication interview
service, and a case management system for human or automated follow-up
and confirmation of suspicious transactions.
"Online banking transactions are increasing, but security is still
the number one consumer concern," said Jerry Silva, research director
for the TowerGroup Delivery Channel practices. "While U.S. consumers
like to self-serve, less than half of them feel it is safe to conduct
financial transactions online. Banks need to overcome these fears if
they want to use this channel to its maximum potential."
Leading advisory research and consulting firm TowerGroup estimates
that online transactions in retail banking have increased from 2.4
billion in 2001, to 11.4 billion in 2006, and are expected to reach
24.4 billion by 2010 ("Customer Self-Service and Retail Banking in the
U.S.: Rising Expectations, Challenges, and Opportunities," published
February 2006).
Falcon One for Online Access also can play an important role in
helping financial services institutions meet regulatory compliance
standards, including guidance issued by the Federal Financial
Institutions Examination Council (FFIEC). Regulators expect banks to
use enhanced authentication or risk assessment technology when
authenticating the identity of customers using Web-based financial
services and achieve compliance with the guidance no later than the
end of 2006.

About the Falcon One Suite

Falcon One for Online Access is the latest addition to Fair
Isaac's Falcon One suite, which provides a common infrastructure
allowing financial institutions to manage multiple, cooperating fraud
solutions across various lines of business and numerous fraud types
within their organization. The Falcon One system currently offers
several other solutions that can be deployed individually or in
combination, including Falcon Fraud Manager for credit card and debit
card transaction fraud, and the Falcon ID solution for identity and
first-party fraud protection. Falcon solutions protect 65 percent of
credit card transactions worldwide, 85 percent in the U.S.

About Fair Isaac

Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The
company's solutions and technologies for Enterprise Decision
Management give businesses the power to automate more processes and
apply more intelligence to every customer interaction. Through
increasing the precision, consistency and agility of their decisions,
Fair Isaac clients worldwide increase sales, build customer value, cut
fraud losses, manage credit risk, reduce operational costs, meet
changing compliance demands and enter new markets more profitably.
Founded in 1956, Fair Isaac powers hundreds of billions of decisions
per year in financial services, insurance, telecommunications, retail,
consumer branded goods, healthcare and the public sector. Fair Isaac
also helps millions of individuals manage their credit health through
the www.myFICO.com website. Visit Fair Isaac online at
www.fairisaac.com.

Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements
contained in this press release that relate to Fair Isaac, including
statements regarding its Falcon One for Online Access product offering
and the benefits to be derived from this offering, are forward-looking
statements within the meaning of the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially, including any
unforeseen technical difficulties related to the implementation, use
and functionality of the offering, the risks that customers will not
perceive material benefits from the offering, failure of the product
to deliver the expected results, the possibility of errors or defects
in the offering, regulatory changes applicable to the use of consumer
credit and other data, and other risks described from time to time in
Fair Isaac's SEC reports, including its Annual Report on Form 10-K for
the year ended September 30, 2005, and its quarterly report on Form
10-Q for the period ended March 31, 2006. Forward-looking statements
should be considered with caution. If any of these risks or
uncertainties materializes or any of these assumptions proves
incorrect, Fair Isaac's results could differ materially from Fair
Isaac's expectations in these statements. Fair Isaac disclaims any
intent or obligation to update these forward-looking statements.

Fair Isaac, Falcon One and Falcon are trademarks or registered
trademarks of Fair Isaac Corporation, in the United States and/or in
other countries. Other product and company names herein may be the
trademarks of their respective owners.