Fair Isaac Corporation (NYSE: FIC), the leading provider of
analytics and decision management technology, today announced at its
InterACT customer conference that European payment card processor
SiNSYS has successfully integrated Fair Isaac´s newest TRIAD(TM)
adaptive control technology with its processing platform. The account
management solution will help European payment card issuers more
effectively manage risk, build customer loyalty and grow credit and
charge card portfolios.
A major Dutch card issuer is among the first SiNSYS clients to
migrate their payment card portfolios to Fair Isaac´s new TRIAD
platform 8.3. The migration marks the first time a TRIAD 8 system has
been utilized to help issuers not only manage credit cards, but also
design and execute more profitable account-level strategies for charge
card portfolios.
"As many of our customers have expanded their business, their need
for high-quality, secure and reliable account management solutions for
safely managing risk and growth is more important than ever," said
Nicola Cordone, Chief Executive Officer at SiNSYS. "Fair Isaac´s TRIAD
system continues to lead the competition in being able to deliver
accurate and timely results on large transaction volumes, and the
newest version will add significant strength and capabilities to our
payment card processing solutions."
The new platform also offers family-level account management
functionality, which enables issuers to consider the risk of other
known financial relationships in the household and manage the risk and
rewards among members in a more effective, coherent and efficient way.
To deliver this advanced service, the TRIAD system has been integrated
with the SiNSYS processing system (CSC´s CAMS II(TM)), which is
designed to identify and configure family account structures and
deploy advanced predictive modeling for analyzing risk across family
relationships.
The TRIAD system 8.3 also provides clients with increased
flexibility in how they utilize the system to process key decision
areas, including credit line management, authorizations, collections,
reissue, marketing, and pricing. Additionally, the upgraded version
offers improved performance in processing speed, which is particularly
important to clients with large portfolios and multiple products.
"Increasing payments performance is at or near the top of every
issuer´s list of priorities," said Jerry Ferlisi, vice president of
processor relationships at Fair Isaac. "The integration of TRIAD´s
highly predictive and localised scoring models into the SiNSYS
processing platform is a significant event for issuers across Europe."
Fair Isaac´s TRIAD adaptive control system continues to be the
most widely used solution for account management decisioning with more
than 300 portfolio users in over 30 countries. Sixty-five percent of
bankcards globally are processed on a Fair Isaac adaptive control
system. The technology has been widely adopted across Europe, and is
currently used to manage more than 140 million accounts in 17
countries. The TRIAD system 8.3 is available to end-users and
processors immediately.
About SiNSYS
Established as the first pan-European company serving the card
payments industry, SiNSYS is the reliable and experienced partner of
banks seeking to: increase revenues through an innovative products
development process; reduce costs through operational excellence in
card processing; and expand market share through presence and local
expertise in Europe. SiNSYS has in portfolio more than 21 million
cards, 700,000 merchants and 1 billion transactions contracted, with
ten countries served: Belgium, the Netherlands, Italy, Germany, Czech
Republic, Hungary, Poland, Slovakia, Russia and Ukraine. The company
delivers payment card processing services both in issuing and
acquiring. SiNSYS also offers consultancy, a network of partners and a
committed European team of experts to grow and maximize customer
payment card portfolio profitability. Visit SiNSYS online at
www.sinsys.net.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) combines trusted advice,
world-class analytics and innovative applications to help businesses
make smarter decisions. Fair Isaac´s solutions and technologies for
Enterprise Decision Management turn strategy into action and elevate
business performance by giving organizations the power to automate
more decisions, improve the quality of their decisions, and connect
decisions across their business. Clients in 80 countries work with
Fair Isaac to increase customer loyalty and profitability, cut fraud
losses, manage credit risk, meet regulatory and competitive demands,
and rapidly build market share. Fair Isaac also helps millions of
individuals manage their credit health through the www.myFICO.com
website. Learn more about Fair Isaac at www.fairisaac.com.
Fair Isaac 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 TRIAD(TM) adaptive control system and the
benefits to be derived from this offering, and the relationship
described herein, 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 unforseen 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 for the year ended September 30, 2007, and
its quarterly report on Form 10-Q for the period ended December 31,
2007. 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 and TRIAD 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 trademarks or
registered trademarks of their respective owners.
