[April 22, 2004] Fair Isaac Enhances New Version Of PlacementsPlus with Rules Management Technology SAN RAFAEL, Calif. --(Business Wire)-- April 22, 2004 -- Version 4.0 Bolsters Collections Industry's Only Optimized Placement and Management Service for Contingency Accounts Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision technology, announced today the new release and immediate availability of PlacementsPlus(R) service 4.0. The new release of the collections industry's only optimized account placement and management service for charged-off debt now integrates Fair Isaac Blaze Advisor business rules management technology for enhanced control and improved collections results. PlacementsPlus is a unique, Web-based service that provides daily reporting of collection information and utilizes advanced analytics to match accounts to collection agencies, resulting in maximized recoveries and increased netback. Blaze Advisor allows users to develop, test, deploy and maintain business rules as part of any automated system. "Because PlacementsPlus now includes user-friendly access to the creditor's business rules, the creditor's business managers have the power to control policies and procedures quickly and without tapping IT resources," said Don Davey, market management director for Fair Isaac's Collections and Recovery Solutions unit. "Blaze Advisor's decisioning technology is a proven and established platform in the credit industry. It adds a new dimension in functionality to PlacementsPlus, the industry's leading ASP-based recovery solution, to help our clients meet their business objectives even more quickly." As an integral component of PlacementsPlus 4.0, Blaze Advisor technology facilitates improved control by the business user over processes, including placement distribution, exception processing, response automation, and commission percentages. For example, a credit grantor can establish a rule that generates an automatic approval of a settlement request from the collection agency if the request meets the rule requirements. The ability for business users to automate the execution of day-to-day basic business rules provides for operating efficiencies, increased performance and lower costs. Additionally, through the integration of Blaze Advisor technology into PlacementsPlus, clients are now able to leverage the latest features available within the industry's leading rules engine. One of Blaze Advisor's most powerful features is version management, which enables the user to track changes as well as revert to a previous version if a rule was inadvertently entered incorrectly or accidentally deleted. PlacementsPlus is available to creditors worldwide. 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 PlacementsPlus service, 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 products 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 December 31, 2003. 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, PlacementsPlus 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. [ Back To TMCnet.com's Homepage ]