Deutsche Bank to Use Fair Isaac’s Blaze Decision System

Deutsche Bank has tapped Fair Isaac’s “Blaze Decision System” software to build an enterprise-wide credit decisioning and risk monitoring solution. Fair Isaac’s decision engine technology is being used to enable a high degree of automation, improved risk management and preparation for compliance with the “New Basel Accord” requirements. Firms like Deutsche Bank are actively preparing now for the “Accord’s” December 31, 2006 implementation deadline. The lender plans to implement the solution throughout its European branches and credit service centers.

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Unisys and S2 Systems Offer OpeN/2 Suite

Unisys and S2 Systems have teamed to offer the “OpeN/2” suite to provide the architectural basis for flexible online transaction processing on open industry platforms. The Unisys enterprise payments blueprint allows banks to optimize their technology investments to improve ROI by helping identify best practices to manage payment revenues, introduce new products and process transactions, and then apply these models across bank departments and delivery systems to reduce costs. According to a recent study conducted by Unisys, Global Concepts and Talson Associates, almost 50 percent of the top 20 U.S. banks are actively reviewing the overlap of transaction services, internal processes and future infrastructure requirements.

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Oki Electric Selects KAL Software for New ATM

Tokyo-based Oki Electric Industry Co. has selected KAL’s software for its brand new ATM model, the “ATM21S,” which will be manufactured and distributed in the Chinese market. The new Oki ATM is powered by KAL’s “Kalignite” software suite, which makes the new ATM fully XFS-compliant and Web-enabled. The Oki/KAL deal follows the agreement between KAL and Oki in May of this year under which Oki adopted KAL’s “Kalignite” software suite. Oki is Japan’s number one ATM manufacturer, holding a 40% share of the installed base.

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Chase Launches Another Gas Card

OH-based Marathon Ashland Petroleum and Chase rolled out a high octane, co-branded credit card today. The new “Marathon Platinum MasterCard” enables users to earn a 5% rebate on all Marathon purchases and a 1% rebate on all other purchases. For a 60-day introductory period, Marathon cardholders will earn a 10% rebate on all Marathon purchases made with the card, including gasoline, service repairs and convenience store items. The card carries a $20 annual fee which is waived if the cardholder makes at least nine Marathon purchases throughout the year. The card offers a 9-month 0% APR on balance transfers while purchase interest rates range from 13.99% to 23.99%. Marathon has 3,800 locations throughout the Midwest and the Southeast portions of the country. Earlier this year, Chase introduced the “PerfectCard VISA and MasterCard” offering bonus rebates on all gasoline purchases as well as a rebate for all card purchases. Originally introduced in January as the “Chase Freedom Card” in response to the loss of its Shell co-branded credit card to Citibank, the new card offers a 6% rebate on all gasoline purchases for the first 90 days. Thereafter, cardholders receive a 3% rebate on all gasoline purchases, regardless of the brand. The card also offers a 1% rebate on all other purchases. (CF Library 1/27/03; 7/23/03)

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Hudson’s Bay Company’s Store Card Balances Up 18.5% for 2Q/03

Toronto-based Hudson’s Bay Company reported that credit card receivables for the second quarter of $460.3 million were $71.7 million or 18.5% above 2Q/02’s receivable balance of $388.6 million. The retailer also reported there were 2.8 million active Hbc customer credit card accounts at the end of the second quarter, including 1.4 million “Bay” cardholders and 1.4 million “Zellers” cardholders. During the second quarter, the number of charge-off accounts increased by 2.0%. Of the dollars charged-off, the value of bankrupt accounts increased from last year by $2.1 million. Net bad debt expense in Q2 2003 of $24.0 million was $5.2 million higher than the 2Q/02 level of $18.8 million, reflecting mainly the higher gross write-off levels. For the second quarter, Hbc reported an average balance per active account of $463, a 10.7% increase over last year. The average volume per account was $382, an 11.8% increase.

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First Data and Bank One Head to Arbitration

On page 23 of First Data Corporation’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2003, First Data indicated that, to facilitate Bank One’s deconversion schedule, a tentative agreement had been reached for First Data to continue providing card processing services to the Bank beyond the June 2004 expiration of the existing agreement with Bank One. Subsequently, the parties were unable to finalize the tentative agreement. The issue of whether a First Data subsidiary must continue to offer processing services at current rates after the June 2004 expiration date and certain other matters are now the subject of a binding arbitration proceeding, pursuant to the terms of the processing agreement.

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Model Builder for Predictive Analytics Now Available

Fair Isaac yesterday announced the early availability of its new “Model Builder for Predictive Analytics” that delivers a comprehensive modeling environment that includes data preparation and analysis, predictive modeling, model validation and model deployment. Fair Isaac’s Model Builder gives companies and government agencies the power to quickly design and deploy sophisticated analytic models. These models use historical information as a basis for making intelligent decisions about future transactions, business problems, or customer interactions. The software’s precise predictive capabilities are useful in areas such as customer account management and retention, dispute resolution, default and fraud prediction, price determination and other marketing efforts.

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Brooks Brothers Renews GE for Three Years

GE Consumer Finance has signed a three-year renewal with Brooks Brothers to provide account processing, sales authorizations, financing, credit card billing statement production, payment processing, customer service, collections, risk management and marketing support for the retailer’s private label credit card portfolio. The contract extension includes benefits such as 10% savings on the first purchase; e-capabilities to view card balance and purchase activity, no annual fee, pre-sale notification and exclusive cardmember events. Under the agreement, GE Consumer Finance will continue to manage account processing, sales authorizations, financing, credit card and billing statement production, payment processing, customer service, collections, risk management and marketing support for Brooks Brothers’ private label credit card and existing portfolio of accounts.

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ICMA Offers Online Versions of Member & Buyer’s Guide

The International Card Manufacturers Association has expanded its Web site to include online versions of the “ICMA Member Directory” and “ICMA Product/Service Buyer’s Guide”. The online versions are available to members and enables them to access fellow member companies or individual contact information and search for supplier members and specific products. ICMA members can search the directory using a variety of methods, including all members in a certain country, a specific individual, by company name, by member type and many more ways.

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BearingPoint Updates GSA Smart Card Guidelines

VA-based BearingPoint has been selected to update the GSA “Smart Card Policy and Guidelines Handbook”. The handbook is a very important resource that serves as a point of reference for any federal government agency planning to implement or in the process of implementing a smart card project. BearingPoint is working with the Smart Card Alliance, a not-for-profit, multi-industry association working to accelerate the widespread acceptance of smart card technology. As a key component of this project, BearingPoint will conduct interviews with representative users of smart card technologies at various government agencies, industry organizations, and academic institutions.

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