Fair Isaac Named to Collection Advisor Magazine's List of Top 100 Collection Technology Products for 2006
"On behalf of the magazine, we are very pleased to bestow this honor on Fair Isaac for the second consecutive year," says T. Allen Rose, Collection Advisor Editor and Publisher. "Fair Isaac represents a market leader whose solutions for collections and recovery present true innovation and insight within the industry."
"We are very pleased to have our capabilities and commitment to the consumer collections and recovery industry recognized for the second year in a row," said David Lightfoot, vice president of product management, Collections and Recovery, at Fair Isaac. "This recognition spotlights our continued innovation and leadership in providing organizations with a complete end-to-end solution that drives more dollars to their bottom line in the most efficient way possible."
Fair Isaac was honored for its capabilities in two categories: Scoring and EDI/EDM. The company received its recognition for its custom scoring and modeling technology in the Scoring category, and ScoreNet® network in the EDI/EDM category. The company's custom scoring solutions help lenders and collection agencies more effectively manage their pre- and post-charge-off efforts in the dynamic collections and recovery environment, combining the use of more meaningful data with an infrastructure that allows for continuous monitoring and updating of models.
As the industry-leading partner communications network, Fair Isaac's ScoreNet network brings together more than 2,200 credit grantors, OCAs, attorneys, data suppliers and other third-party vendors across the consumer credit and mortgage banking markets in the U.S. to provide easy access to business-critical data through a vendor-neutral portal. Clients can choose across 90 commercial databases and data aggregators, including consumer and business credit, consumer and business demographic, fraud, public record, geographic, asset, product, and utility information. It manages and distributes information between data sources and service providers, and applies Fair Isaac's analytics and decision management technology on demand to help lenders improve their most critical business decisions.
Collection Advisor announced its selection of the Top 100 Collection Technology Products for 2006 at the Collection Advisor TECH '06 in Las Vegas, an educational forum for the collection sponsored by the magazine. This is the second year the magazine has bestowed an honor of this kind on products and services in the collection industry. The Top 100 were selected through 13 categories by the magazine's editors based on reviews conducted over the past year, as well as reader response and feedback.
The comprehensive list is featured in the magazine's January/February 2007 issue, along with a companion story honoring the Top 50 Most Influential Collection Professionals for 2007.
About Collection Advisor Magazine
Collection Advisor magazine is a national, bimonthly publication addressing collection management and technology in the profession. Each issue includes features and news about collection operations in companies and at agencies, reviews of software systems and collection tools, and opinion columns by many of the profession's most influential experts. It now is in its sixth year of publication.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions per year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website.
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 ScoreNet network and Custom Scoring product offerings and the benefits to be derived from these offerings, 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 offerings, the risks that customers will not perceive material benefits from the offerings, 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, 2006. 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.
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