Cartao Unibanco Initiates Automated Payment Card Decisioning With HNC'S Capstone Decision Manager.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--July 30, 2001 Cartao Unibanco, the credit card subsidiary of Unibanco, the fourth-largest private bank in Brazil, has successfully implemented Capstone(TM) Decision Manager from 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 ), a leading provider of Customer Insight software. By successfully installing the Capstone decisioning platform, Cartao Unibanco is able to offer its customers instant online or over-the-phone credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. approvals. "Capstone Decision Manager has revolutionized our payment card approval processing abilities, and we look forward to expanding the technology to other areas of our bank, to our other branch offices across the globe, and to our insurance group," said Carlos Zanvettor, Cartao Unibanco's chief information officer. "With Capstone successfully implemented as our cornerstone decisioning platform, we're empowered to cross-sell products to our existing customer base and positioned to aggressively acquire new customers." Designed with a scalable, high-performance architecture capable of processing most applications in seconds, Capstone Decision Manager allows for the comprehensive definition of rules, policies, and decision flow and can incorporate predictive software and traditional scorecards to automate as much of the decision process as desired. By automating the entire decisioning process and managing the workflow for processing applications, Capstone Decision Manager enhances underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. efficiency, accuracy, and consistency. Capstone enables lenders to: -- Decision a large volume of applications quickly and automatically -- Manage new account risk effectively -- Quickly and easily augment decision criteria -- Employ a single system to support the entire new account decision process In addition to HNC's Capstone, Cartao Unibanco has successfully reduced credit card fraud Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. losses by more than 75 percent through its use of HNC's Falcon(TM), the world's leading payment card fraud detection system. "Unibanco's use of advanced customer analytical solutions uniquely positions the bank for rapid growth in their increasingly competitive market," said Enrique Carrillo, director of relationship management for HNC Software. Unibanco's successful implementation of Capstone Decision Manager is a first for HNC in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Furthermore, Unibanco's installation of both Capstone and Falcon illustrates HNC's success in delivering multiple customer insight solutions to its existing customer base. About Unibanco With more than 3.5 million active credit card account holders, Cartao Unibanco is the leader in issuing co-branded credit cards in Brazil and is the third-largest credit card issuer in the country. Headquartered in Sao Paulo, Unibanco -- Uniao de Bancos Brasileiros -- is the largest credit card conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. in Latin America, boasting more than 1,000 branches throughout Brazil. In addition to complete ownership of Cartao Unibanco, Unibanco owns major stakes in Credicard, Redecard, and Fininvest. Besides its traditional retail and commercial banking services, the bank offers money management services and import/export credit lines. Outside Brazil, the bank serves customers through offices in the Bahamas, the Bahamas, the (bəhä`məz), officially Commonwealth of the Bahamas, independent nation (2005 est. pop. 301,800), 4,403 sq mi (11,404 sq km), in the Atlantic Ocean, consisting of some 700 islands and islets and about 2,400 cays, beginning c. Cayman Islands Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. , Luxembourg, Paraguay, the U.K., Uruguay, and 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 is a leading provider of Customer Insight solutions including intelligent response, decision management, and customer analytics software that enables companies in the financial, telecommunications, e-commerce and insurance industries to acquire, manage and retain customers. For more information, visit www.hnc.com or contact Rob Jensen at 858/799-8122. Cautions About Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future 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 increase customer interaction and improve customer's operating results. |
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