ALLTEL Chooses HNC Software to Streamline Application Decision Management.Business Editors & High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Aug. 13, 2001 HNC (HNC Software Inc., San Diego, CA) A software company that specialized in products that detect credit card fraud, manage merchant risk, automate lending decisions and home valuations and manage retail inventories. Founded in 1986 by Robert Hecht-Nielsen and Todd W. Software Inc. (Nasdaq: HNCS HNCS Host Naval Computer System HNCS Host Navy Combat Systems ) announced today that ALLTEL (NYSE NYSE See: New York Stock Exchange : AT) has purchased HNC's application decision management system to automatically process new customer applications, assessing the applicants' creditworthiness Creditworthiness The condition in which the risk of default on a debt obligation by that entity is deemed low. Creditworthiness Eligibility of an individual or firm to borrow money. while evaluating the likelihood of subscription fraud. HNC, a leading provider of Customer Insight software, can help companies drastically reduce labor costs by automatically decisioning most customer applications without human intervention. Clients can enter new customer applications into HNC's system from multiple sales channels using a variety of methods including Voice Response Unit, Web-based system or personal digital assistant. HNC's Customer Insight products are accessible via multiple delivery channels including web and service bureau models. HNC's decision management technology is now used by three of the top six wireless carriers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . About HNC Software Inc. HNC Software Inc. (Nasdaq: HNCS) is a leading provider of Customer Insight software that enables companies to acquire, manage and retain customers. HNC's decision management and customer analytics technology analyze both structured and unstructured data Data that does not reside in fixed locations. Free-form text in a word processing document is a typical example. Contrast with structured data. See free-form database. so companies can derive value from all information. The company's sophisticated software is used in the telecommunications, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , insurance and e-commerce industries. For more information, visit www.hnc.com or contact Susan Roth at 858/909-4353. About ALLTEL ALLTEL, with more than 10 million communications customers and more than $7.5 billion in annual revenues, is a leader in the communications and information services See Information Systems. industries. ALLTEL has communications customers in 24 states and provides information services to telecommunications, financial and mortgage clients in 55 countries and territories. NYSE: ALLTEL, AT www.alltel.com. Cautions About Forward-Looking Statements. This press release contains forward-looking statements about events and circumstances that have not yet occurred. For example, words such as "will," "expects," "believes" or other statements in the future tense are forward-looking statements. Actual outcomes and results may significantly differ from expectations in this press release due to a number of risks and uncertainties about the future. Such risks and uncertainties include, without limitation, whether HNC's products and services will accurately assess customers' creditworthiness or accurately detect fraud. |
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