Fair Isaac and TSYS Successfully Convert 50 Million Card Accounts to TRIAD 7.0.
Business Editors/High-Tech Writers
SAN RAFAEL, Calif. & COLUMBUS, Ga.--(BUSINESS WIRE)--June 26, 2003
Fair Isaac's Newest TRIAD Version Now Provides Quality
Account Management Decisions for TSYS' TS2 Customer Base in
North America and Europe
Fair Isaac Corporation (NYSE:FIC) and TSYS (NYSE:TSS) announced today that they have successfully completed the conversion of more than 20 portfolios totaling 50 million credit card accounts on TSYS' TS2(R) processing platform to TRIAD 7.0, the newest and enhanced version of Fair Isaac's industry-standard TRIAD(TM) adaptive control system.
TRIAD has been available at TSYS for more than a decade, providing quality account management solutions to the United States, Canada and Europe. TSYS is a global transactions and payments processor for some of the world's best known and most respected financial institutions and retailers. Its flagship product TS2 is a state-of-the art card processing system which houses transaction and customer histories, scoring, account and custom information and incorporates that information into card issuers' account processing and billing functions. Value-added products such as Fair Isaac's TRIAD allow clients to deploy powerful analytics and create custom account strategies which boost their bottom line. TRIAD currently enables 65 percent of the world's leading lenders to automate and improve credit account management.
"TSYS prides itself in continually investing in new developments for our processing technology to ensure that it remains the industry-recognized standard for payment technology in the financial industry," said Tracy Dodson, senior director at TSYS. "Fair Isaac's TRIAD 7 is a great strategic fit. It offers new functionality, enhanced predictive analytics and more flexibility, which will enable us to deliver superior account management solutions to our customers now and in the future."
"The conversion at TSYS greatly expands our current TRIAD 7 client base and accelerates acceptance of this powerful new version in the marketplace," said Doug Clare, vice president of Global Account Management Solutions at Fair Isaac. "TSYS, with its best-in-class processing services, provides us with a powerful platform to expand our global TRIAD offering, and we are delighted to have an opportunity to provide the TS2 customer base with the benefits of our newest and best version of TRIAD."
TRIAD 7 offers a highly flexible, integrated platform for Fair Isaac's advanced analytic and decision technology. Retooled with an array of new features geared specifically for companies in today's uncertain economic environment, TRIAD 7 provides even greater predictive power and flexibility for more effective portfolio management. A component of TRIAD 7 is the integration of Fair Isaac Blaze Decision System(TM) software, which is expected to be available to TSYS' TS2 customers in the fall. With Blaze Decision System, TSYS' TRIAD 7 users will be able to create customized decision keys and segmentation rules for deployment in their account management strategies. Blaze Decision System also gives TRIAD the power to concurrently compute multiple scores, allowing lenders to leverage risk, attrition and profitability analytics for enhanced decision making.
Additional new features of TRIAD 7 at TSYS include a greatly expanded and more flexible decision key library, the performance-based pricing decision area, refined security options, multiple credit lines per account, and an improved PC-front end.
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 more than 25 billion 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. As of August 5, 2002, HNC Software Inc., a leading provider of high-end analytic and decision management software, is part of Fair Isaac. For more information, visit www.fairisaac.com.
About TSYS
TSYS (NYSE:TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payments as the integral link between buyers and sellers in this rapidly evolving universe. With more than 264 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, smart and retail cards anytime, anywhere through any medium or portal. TSYS offers a full range of acquiring and issuing services from accepting and settling electronic payments for goods and services to designing, administering and fulfilling loyalty programs to credit applications, bankruptcy management and collection services. Based in Columbus, Ga., TSYS serves companies on 3 continents representing 16 currencies and seven languages. TSYS maintains operations in Canada, Mexico, Japan, and the United Kingdom and is an 81-percent owned subsidiary of Synovus (NYSE: "SNV") (www.synovus.com), number nine on FORTUNE magazine's list of "The 100 Best Companies To Work For" in 2003. For more information, contact news@tsys.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 TRIAD system and the benefits to be derived from TRIAD, 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, the company's ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, 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, 2001, and Form 10-Q for the period ended March 31, 2003. 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, TRIAD, Fair Isaac Blaze Decision System, HNC 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 trademarks of their respective owners.
SAN RAFAEL, Calif. & COLUMBUS, Ga.--(BUSINESS WIRE)--June 26, 2003
Fair Isaac's Newest TRIAD Version Now Provides Quality
Account Management Decisions for TSYS' TS2 Customer Base in
North America and Europe
Fair Isaac Corporation (NYSE:FIC) and TSYS (NYSE:TSS) announced today that they have successfully completed the conversion of more than 20 portfolios totaling 50 million credit card accounts on TSYS' TS2(R) processing platform to TRIAD 7.0, the newest and enhanced version of Fair Isaac's industry-standard TRIAD(TM) adaptive control system.
TRIAD has been available at TSYS for more than a decade, providing quality account management solutions to the United States, Canada and Europe. TSYS is a global transactions and payments processor for some of the world's best known and most respected financial institutions and retailers. Its flagship product TS2 is a state-of-the art card processing system which houses transaction and customer histories, scoring, account and custom information and incorporates that information into card issuers' account processing and billing functions. Value-added products such as Fair Isaac's TRIAD allow clients to deploy powerful analytics and create custom account strategies which boost their bottom line. TRIAD currently enables 65 percent of the world's leading lenders to automate and improve credit account management.
"TSYS prides itself in continually investing in new developments for our processing technology to ensure that it remains the industry-recognized standard for payment technology in the financial industry," said Tracy Dodson, senior director at TSYS. "Fair Isaac's TRIAD 7 is a great strategic fit. It offers new functionality, enhanced predictive analytics and more flexibility, which will enable us to deliver superior account management solutions to our customers now and in the future."
"The conversion at TSYS greatly expands our current TRIAD 7 client base and accelerates acceptance of this powerful new version in the marketplace," said Doug Clare, vice president of Global Account Management Solutions at Fair Isaac. "TSYS, with its best-in-class processing services, provides us with a powerful platform to expand our global TRIAD offering, and we are delighted to have an opportunity to provide the TS2 customer base with the benefits of our newest and best version of TRIAD."
TRIAD 7 offers a highly flexible, integrated platform for Fair Isaac's advanced analytic and decision technology. Retooled with an array of new features geared specifically for companies in today's uncertain economic environment, TRIAD 7 provides even greater predictive power and flexibility for more effective portfolio management. A component of TRIAD 7 is the integration of Fair Isaac Blaze Decision System(TM) software, which is expected to be available to TSYS' TS2 customers in the fall. With Blaze Decision System, TSYS' TRIAD 7 users will be able to create customized decision keys and segmentation rules for deployment in their account management strategies. Blaze Decision System also gives TRIAD the power to concurrently compute multiple scores, allowing lenders to leverage risk, attrition and profitability analytics for enhanced decision making.
Additional new features of TRIAD 7 at TSYS include a greatly expanded and more flexible decision key library, the performance-based pricing decision area, refined security options, multiple credit lines per account, and an improved PC-front end.
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 more than 25 billion 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. As of August 5, 2002, HNC Software Inc., a leading provider of high-end analytic and decision management software, is part of Fair Isaac. For more information, visit www.fairisaac.com.
About TSYS
TSYS (NYSE:TSS) (www.tsys.com) brings integrity and innovation to the world of electronic payments as the integral link between buyers and sellers in this rapidly evolving universe. With more than 264 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, smart and retail cards anytime, anywhere through any medium or portal. TSYS offers a full range of acquiring and issuing services from accepting and settling electronic payments for goods and services to designing, administering and fulfilling loyalty programs to credit applications, bankruptcy management and collection services. Based in Columbus, Ga., TSYS serves companies on 3 continents representing 16 currencies and seven languages. TSYS maintains operations in Canada, Mexico, Japan, and the United Kingdom and is an 81-percent owned subsidiary of Synovus (NYSE: "SNV") (www.synovus.com), number nine on FORTUNE magazine's list of "The 100 Best Companies To Work For" in 2003. For more information, contact news@tsys.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 TRIAD system and the benefits to be derived from TRIAD, 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, the company's ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, 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, 2001, and Form 10-Q for the period ended March 31, 2003. 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, TRIAD, Fair Isaac Blaze Decision System, HNC 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 trademarks of their respective owners.
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| Publication: | Business Wire |
|---|---|
| Date: | Jun 26, 2003 |
| Words: | 1115 |
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