Fair Isaac Announces Version 6.3 of LiquidCredit Decision Engine.

MINNEAPOLIS -- Leading Financial Institutions Tap Enhanced, Browser-Based Credit Origination Decisioning Tool to Grow Business and Effectively Manage Risk

Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision technology, announced today the release and immediate availability of LiquidCredit(R) decision engine version 6.3, a browser-based instant credit decisioning solution that combines advanced analytics and process automation to help lenders evaluate consumer and small business loan applications and make more informed lending decisions.

Used by more than 300 financial institutions worldwide, Fair Isaac's LiquidCredit decision engine gives lenders a strategic decisioning platform for providing instant credit across any channel. The solution is designed to help credit grantors realize greater profitability by booking more loans, cutting losses and reducing operational costs and delays through the deployment of leading predictive analytics and an easy-to-use, browser-based design.

Version 6.3 of LiquidCredit incorporates additional bureau-delivered credit risk scores, including Equifax's (U.S.) BEACON 5.0 and the companion industry option models, which offer more refined risk prediction and are more consumer-friendly due to improved inquiry logic. Additionally, the enhanced bureau data is available in a parsed format, giving users access to the specific data fields that bureaus return. These latest enhancements provide lenders with more flexibility in servicing their customers and determining the proper credit/pricing offer while effectively managing risk.

"LiquidCredit enables clients to harness Fair Isaac's analytic and decisioning technology for faster, more effective credit decisioning," said Roger Ahern, vice president of Global Origination Solutions at Fair Isaac. "With the support of additional scores, lenders will continue to increase their efficiency and achieve stronger bottom-line performance, while improving the overall consistency and accuracy of their decisions."

Several new Fair Isaac clients have already chosen LiquidCredit 6.3 as their credit decision engine, including Houston-based Sterling Bank, a subsidiary of Sterling Bancshares, Inc. (NASDAQ:SBIB).

"LiquidCredit is a welcome and integral part of our application processing operations," said Andrew Reid, a Chief Credit Officer at Sterling Bank. "By accessing Fair Isaac's analytics through a Web-based application, we can more accurately assess the risk of applicants and ultimately create a more profitable portfolio of customers while also shortening the decision time for our customers."

The implementation of LiquidCredit allows financial institutions to reduce losses from charge-offs through the timely delivery of critical credit scores. LiquidCredit immediately validates application data, obtains a credit bureau report and returns a credit score that can be used to make faster, more accurate credit decisions. This process automation eliminates costly errors and provides the basis for consistent decision making and strategy execution.

Existing LiquidCredit clients were automatically upgraded to version 6.3 and can take advantage of new functions and features as they wish to incorporate it.

About Fair Isaac

Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myFICO.com Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit 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 LiquidCredit decision engine 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, 2003, and quarterly report on Form 10-Q for the period ended March 31, 2004. 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, LiquidCredit and FICO 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.