Fair Isaac and MicroBilt Announce Agreement
KENNESAW, GA and MINNEAPOLIS Jun 22, 2005
Fair Isaac and MicroBilt Announce Agreement to Sell myFICO.com Consumer Products to Lenders MicroBilt Corporation, an information provider that helps banks and businesses reduce risk, and Fair Isaac Corporation (NYSE:FIC), pioneer of the FICO® credit score used by most lenders to evaluate consumer credit risk, today announced that MicroBilt will resell Fair Isaac's consumer products to U.S. lenders for use in marketing, acquisition and customer retention programs. "Lenders tell us their prospects and customers value knowing their scores and what they can do to improve and safeguard them," said Cheri St. John, vice president of Global Scoring and Consumer Solutions for Fair Isaac. "By helping consumers understand and protect their scores, lenders also increase customer loyalty. Our myFICO products have helped millions of consumers gain these insights and through MicroBilt, lenders now can leverage these products in a win-win solution." MicroBilt will include products from myFICO®, Fair Isaac's consumer division, in a new suite of Identity and Credit Protection Packages that MicroBilt is launching in response to the growing frequency of identity theft. These Packages will help consumers avoid becoming victims of identity theft and, if necessary, restore and mitigate the effects of identity theft. "By adding myFICO’s credit-advice products to our existing delivery stream, we are helping lenders of every size to find more attractive prospects and guide those prospects toward better credit habits and performance," said Ken Hill, president of MicroBilt. "The potential return for MicroBilt's clients is improved portfolio quality and better customer retention." MicroBilt will offer its Protection Packages as group programs to credit unions, banks, financial intermediaries and dealers to complement the products and services afforded to their customers and members. Each MicroBilt Protection Package will include materials to alert individuals to the threat of identity theft, provide information on how to avoid becoming a victim, and guide individuals on managing their credit through use of the offered myFICO products while protecting themselves against the loss of time and money associated with identity restoration. Lenders can turn to MicroBilt for these leading-edge Identity and Credit Protection Packages which will include the advantages of FICO credit scores, or lenders can choose to offer them separately as incentive-based gifts to customers. The packages are designed to benefit both customers and lenders by helping consumers reduce their credit risk over time or protect themselves from identity theft. Fair Isaac's web site www.myFICO.com is the exclusive consumer source for FICO credit scores from all three national credit reporting agencies. 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. 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, go to www.MicroBilt.com or call 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. 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 FICO credit score 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 March 31, 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, FICO and myFICO 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.
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. 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, go to www.MicroBilt.com or call 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. 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 FICO credit score 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 March 31, 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, FICO and myFICO 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.
