FICO Will Protect 1 in 3 German Credit Cards from Fraud

FICO Falcon Fraud Manager to protect 9.7 million credit cards in Germany as well as 3.2 million cards in Austria and Switzerland

MUNICH--()--FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that with recent contract signings its FICO™ Falcon® Fraud Manager solution will protect about one in three of the estimated 30 million credit cards in Germany, and a similar share of credit cards in Austria and Switzerland. As of autumn 2011 FICO Falcon Fraud Manager will safeguard 8.8 million German cards against attempted fraud. In spring 2012, this figure will rise to 9.7 million cards profiting from FICO´s exceptional expertise in card fraud detection.

In addition to Germany, FICO has emerged as a leading provider of fraud detection in the neighbouring countries Austria and Switzerland. As of this autumn, FICO Falcon Fraud Manager will protect 1.2 million credit cards in Austria and 2 million cards in Switzerland. Card issuers using FICO Falcon Fraud Manager include Bayern Card-Services GmbH-S-Finanzgruppe, Degussa Bank GmbH, Swisscard AECS AG und UBS Card Center AG.

Phillip Sertel, FICO’s senior director for DACH and Central and Eastern Europe, said: “Within the last two years, the number of credit cards in Germany has significantly increased, and the growing adoption of credit cards as a preferred payment vehicle has attracted fraudsters. Banks are now facing the challenge of cutting down fraud without jeopardizing the trust in card payment. FICO Falcon Fraud Manager is tailored exactly to meet these demands. The solution enables card issuers to identify previously undetected fraud patterns and at the same time keep an eye on the customer relationship.”

“Card portfolios require predictive analytics to ensure that the foundation of each transaction is irrefutable,” said Brian Riley, senior research director for bank cards at the industry analyst firm TowerGroup. “The availability of globally recognized fraud management products in the German market provides regional issuers with proven tools for mitigating fraud risk.”

FICO™ Falcon® Fraud Manager 6 is the most accurate and comprehensive solution for detecting payment card fraud, reducing losses by up to 50%. Around the world, 17 of the top 20 credit card issuers rely on the FICO Falcon system to protect transactions for more than 2 billion active card accounts. About 65 per cent of worldwide credit cards are protected by the fraud detection system Falcon.

About FICO
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the industry-leading solutions for measuring credit risk, managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. Learn more at www.fico.com. FICO: Make every decision count.

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 and its last quarterly report on Form 10-Q for the period ended March 31, 2011. 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.

FICO and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.

Contacts

Media:
For FICO
Maisberger
Marion Schwenk, +49 (0) 8941 95 99 65
FICO@maisberger.com
or
Investors/Analysts:
FICO
Steven Weber, 800-213-5542
investor@fico.com

Contacts

Media:
For FICO
Maisberger
Marion Schwenk, +49 (0) 8941 95 99 65
FICO@maisberger.com
or
Investors/Analysts:
FICO
Steven Weber, 800-213-5542
investor@fico.com