Press Releases

MicroBilt Seeks to Reduce Identity Fraud With New Driver's License Scan and Verification Product

Kennesaw, GA – August 24, 2005 – MicroBilt Corporation, a leading online provider of credit information, announced today the release and launch of a fraud fighting identity verification product that captures driver's license data on-site. MicroBilt is offering Driver's License Scan through CreditCommander.com.

With identity fraud now one the fastest growing crimes in the United States, said to be costing businesses more than $48 billion annually, businesses that do not verify customer identity become the easiest targets. Driver's License Scan through CreditCommander.com is used at the point-of-sale and/or service to validate a customer applicant's driver's license, which ultimately reduces identity fraud exposure.

The Driver's License Scan product captures an image of the driver's license and the information contained on the license. This information is automatically populated on the application. After the capture, a Drivers License verification report and/or credit report is initiated. Parameters can also be set to run bankruptcy and criminal reports as well as other industry relevant reports available through CreditCommander.com. The picture of the driver's license is permanently imbedded into the credit report along with any additional reports pulled on the applicant and stored through CreditCommander.com for future reference.

The product is designed for industry applications such as identity verification for lenders, tenant screening, pre-employment screening, new account openings at banks, test drive and age verification at car dealers, credit prescreening for retailers, insurance claim verification, fraud prevention and USA Patriot Act regulatory compliance.

Drivers License Scan through CreditCommander.com searches more than 19 billion public and proprietary records to instantly verify basic data and potentially fraudulent identities. These resources automatically validate identity against known matches such as does; the zip code match the state, last name matches the address, Social Security Number matches the first and last name, Social Security Number issue date is within a valid date range, Social Security Number is not listed as deceased, and the option for subject to meet specific age requirements.

"MicroBilt continues to seek products that prevent identity fraud exposure for its customers," states Ken Hill, MicroBilt President and COO, "With the rampant surge of identity theft, our customers need every tool available to verify an applicant is who they say they are."

For more information on CreditCommander.com's Driver's License Scan, please go to creditcommander.microbilt.com or call us at 1-800-884-4397 for assistance.

About MicroBilt:
MicroBilt, a division of Bristol Investments, Ltd., is the leader in credit bureau data access and retrieval, providing credit, collection and data sources. MicroBilt is certified through and provides interfaces with the three consumer bureaus, Equifax (NYSE: EFX), Experian (London Stock Exchange: GUS) and Trans Union and the two commercial bureaus, D&B and Experian Business as well as eFunds Corporation (NYSE: EFD) and Choicepoint (NYSE: CPS). This data access is available via the Internet at creditcommander.microbilt.com, a systems integration tool kit, dedicated terminals and dial-up software. The company also enables web sites to enhance their content offerings by delivering a CreditCommander.com private label site to their established online communities. Credit related insurance services are offered through MicroBilt's licensed insurance group, MicroBilt Assurance Corp. Private company information along with knowledge-based analytical tools and information services is available through Integra Information, a division of MicroBilt. MicroBilt maintains offices in Georgia and New Jersey. For more information, please contact MicroBilt Corporation, 1640 Airport Road, Suite 115, Kennesaw, GA, 30144 or www.MicroBilt.com. Telephone: 1-800-884-4747.

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 each 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® 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 Falcon ID product offering 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, 2004, and quarterly report on Form 10-Q for the period ended June 30, 2005. 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, Falcon ID 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.

 
 
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