FICO Offers Telrock Mobile Payment Apps to Help Clients Improve Customer Service and Payments

Decision Management & Optimization
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LONDON—22 February, 2011—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and London-based Telrock Communications Ltd., developer of mobile applications for banking, payments and debt management, today announced an agreement under which FICO will resell Telrock’s interactive text and smartphone applications around the world. Telrock applications give FICO clients a new, fully secure mobile channel for communicating with customers, improving customer service and collecting payments.

With Telrock’s unique mobile payment applications such as textDebit™, customers can make payments by replying to SMS alerts or through smartphone apps. Telrock clients have reported that 40% of customers make payments within 30 minutes of receiving a mobile alert, and 74% make payments within 48 hours. According to Telrock, payment arrangements managed by interactive text messaging have a completion rate of 63%, which is 20% above the average for non-SMS payment plans. Users of Telrock mobile applications include leading banks and utility companies, such as RBS, NatWest, British Gas, and Scottish and Southern Energy.

“Smartphone penetration is predicted to be 50% in 2012 and 80% by 2015, opening up a vast new communication channel for business,” said Telrock CEO Russell Robinson. “Younger generations in particular have shown a marked preference for receiving communications via SMS and apps over voice. Our agreement with FICO will enable credit grantors worldwide to leverage this channel to speed payments, cut collection costs and improve customer satisfaction.”
Telrock’s mobile-based services include sophisticated customer account management and protection functionality, as well as customer payment handling and alerting. Clients using these services can significantly reduce operating costs, achieve improved customer satisfaction and increase payment and contact rates, using a channel that costs less than traditional phone-based communications.

“Mobile payments have the potential to revolutionize banking by giving customers a quick, simple and secure channel for making sensitive payment arrangements,” said Mike Gordon, FICO’s general manager for Europe, the Middle East and Africa. “By offering Telrock mobile apps, we believe we can deliver help our clients in banking and other industries strengthen both their credit portfolios and their customer relationships.”

About Telrock
Telrock implements mobile applications for banks and utilities to improve customer experience and reduce operational costs and risk. Learn more about Telrock at

About FICO
FICO (NYSE:FICO) transforms business by making every decision count. FICO’s Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with FICO to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. FICO also helps millions of individuals manage their credit health through the website.

Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business 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 the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2010. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

Media contacts


Katie O’Connell
+1 510-621-9832

Europe, Middle East & Africa

Darcy Sullivan
+44 (0) 7808-777-339

Asia Pacific

Saxon Shirley
+65 6422-7795

Latin America

Marisa Arribas
+1 786 482 7231

América Latina

Milla Delfino
+55 11 97673-6583

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