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2010 Press Releases

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Sep.07.10FICO Survey Finds U.S. Consumers Face Growing Credit Gap
Survey also Finds Stark Pessimism among Bank Risk Officers Responsible for Auto Loans and Credit Cards MINNEAPOLIS, Sep 07, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the results of its quarterly survey of bank risk professionals. The survey, conducted for FICO by the Professional Risk Managers' International Association (PRMIA), found strong evidence of a credit gap for... 
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Aug.25.10FICO Declares Quarterly Cash Dividend
MINNEAPOLIS, Aug 25, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, has declared a two cent per share quarterly dividend, payable on September 24, 2010, to shareholders of record on September 10, 2010. The dividend was declared during a meeting of the company's Board of Directors on August 24, 2010. About FICO FICO (NYSE:FICO) transforms business by making every decision count. FICO's De... 
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Aug.05.10Hyundai Will Use FICO Transaction Analytics to Sharpen Risk Management and Marketing Decisions
Leading Korean card issuer is first in region to use FICO Transaction Scores to identify both high-risk and high-value customers MINNEAPOLIS, Aug 05, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that Hyundai Card Co., Ltd., is implementing FICO(R) Transaction Scores to strengthen its risk management and marketing programs. With some nine million cardholders, Hyundai is the... 
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Jul.28.10FICO Announces Earnings of $0.40 per Share for Fiscal Third Quarter 2010
Revenue of $155 million and bookings of $64 million MINNEAPOLIS, Jul 28, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced financial results for its third fiscal quarter ended June 30, 2010. Third Quarter Fiscal 2010 Results Net income for the quarter totaled $17.9 million, or $0.40 per share. This compares with prior-year period net income of $18.1 million, or $0.37 per sh... 
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Jul.28.10FICO Names Jordan W. Graham to Lead FICO(R) Scores Business
Former Citigroup Managing Director will Oversee World's Leading Credit Score and FICO's Consumer Services Organization MINNEAPOLIS, Jul 28, 2010 (BUSINESS WIRE) --FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced the appointment of Jordan W. Graham as Executive Vice President for Scores and President of FICO Consumer Services. Graham will report to CEO Mark Greene and direct the growth of the compan... 
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Jul.27.10FICO(R) 8 Score is New Standard for Credit Risk Assessment
Adopted by 2,500 Lenders and Validated by Top US Bankcard Issuers MINNEAPOLIS, Jul 27, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that its FICO(R) 8 Score, used for consumer credit risk assessment, has been adopted by more than 2,500 banks and financial institutions. This widespread market adoption occurs as lenders continue to benefit from the enhanced predictive ... 
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Jul.14.10FICO Completes Private Placement of $245 Million Senior Notes
MINNEAPOLIS, Jul 14, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, announced completion of a private placement of $245 million of Senior Notes. The Senior Notes were issued in four series with maturities ranging from 6 to 10 years. The Senior Notes' weighted average interest rate is 5.20% with a weighted average maturity of approximately 8 years. FICO plans to use the proceeds to repay ... 
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Jul.14.10Fair Isaac Corporation Announces Date for Reporting of Third Quarter 2010 Financial Results
MINNEAPOLIS, Jul 14, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, will announce its third quarter fiscal 2010 results on July 28, 2010, after the market closes and will host a conference call at 5:00 p.m. Eastern Time (4:00 Central/2:00 Pacific). This call will be webcast and can be accessed at FICO's website at www.fico.com (follow the instructions on the Investor Relations page). A replay of ... 
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Jul.09.10FICO Launches Optimization "Starter Kit" to Reclaim Card Profitability
Advanced Analytics Give Issuers Precision Needed to Carefully Grow Card Revenues MINNEAPOLIS, Jul 09, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, announced today the general availability of a "starter kit" for credit line optimization (CLO). This starter kit is bundled with the industry-leading FICO(R) TRIAD(R) Customer Manager to help card issuers apply analytic precision to credit line... 
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Jul.07.10FICO Launches First Collection System with Built-in Analytic Adaptation
New version of FICO(R) Debt Manager(TM) solution improves collection productivity while enabling collectors to continually refine strategies MINNEAPOLIS, Jul 07, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the general availability of FICO(R) Debt Manager(TM) solution version 8.0 for collections and recovery. The new release represents a complete redesign of the company's core ... 
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Jun.30.10FICO and PIC Solutions Expand Alliance to Bring Decision Management Solutions to South Africa and Middle East
New 5-year agreement will accelerate sale of world-class FICO analytic solutions to lenders, insurers and retail businesses in region MINNEAPOLIS, Jun 30, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that it has expanded its relationship with PIC Solutions, its long-standing sales partner in the Middle East and Africa. Under the new agreement, PIC Solutions will continue t... 
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Jun.11.10FICO Announces New Stock Repurchase Program
MINNEAPOLIS, Jun 11, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that its Board of Directors has approved a stock repurchase program to acquire up to $250 million of the company's outstanding common stock. This new program was approved following termination of FICO's previous stock repurchase program, which was in effect from November 2007 through June 2010. The new stock... 
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Jun.03.10Sam's Club(R) Deploys FICO(R) Retail Action Manager to Boost Member Loyalty
Industry-leading predictive analytics power the warehouse club's groundbreaking personalized digital offer program MINNEAPOLIS, Jun 03, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, announced today that Sam's Club, a division of Wal-Mart Stores, Inc. (NYSE: WMT), is achieving higher than expected results from its transformational eValues program enabled by FICO(R) Retail Action Manager as ... 
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May.26.10FICO to Present at Keefe, Bruyette & Woods 2010 Diversified Financials Conference
MINNEAPOLIS, May 26, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced Tom Bradley, Executive Vice President and Chief Financial Officer, will present at the KBW 2010 Diversified Financials Conference on Wednesday, June 2, 2010, at 8:00 a.m. EDT at the St. Regis Hotel, Two East 55th Street at Fifth Avenue, New York. The presentation will be Webcast live on FICO's website at www... 
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May.24.10FICO Streamlines Insurance Claims Processing
Leading-edge solution integrates FICO business rules management with industry-standard Microsoft technology for faster, more accurate claims decisions MINNEAPOLIS, May 24, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced it is working with Microsoft Corp. (Nasdaq:MSFT) to integrate FICO and Microsoft technologies into a comprehensive, end-to-end solution for insurance claims p... 
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May.21.10FICO Patents 8 New Analytic Techniques for Scoring, Fraud, Profit Optimization
MINNEAPOLIS, May 21, 2010 (BUSINESS WIRE) --FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced that it has been awarded 8 new patents by the U.S. Patent and Trademark Office. These patents, awarded to several members of the FICO Labs team, cover breakthroughs in credit score interpretation, fraud detection, credit line optimization and other analytic technologies. On May 4, the company received a pat... 
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May.19.10FICO to Present at Stephens Inc. Investment Conference
MINNEAPOLIS, May 19, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced Mark Greene, Chief Executive Officer, will present at the Stephens Inc. Spring Investment Conference on Tuesday, May 25, 2010, at 1:30 p.m. EDT at the Palace Hotel, 455 Madison Avenue, New York. The presentation will be Webcast live on FICO's website at www.fico.com, and available through June 18, 2010. A... 
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May.19.10FICO Survey Indicates Credit Supply Unlikely to Meet Consumer Demand
In a sign of economic improvement, 52 percent of bankers surveyed expect consumers to seek more credit, but 92 percent expect lending standards to hold steady or get tougher MINNEAPOLIS, May 19, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the results of a survey conducted on its behalf by the Professional Risk Managers' International Association (PRMIA) asking bank risk p... 
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May.05.10FICO Declares Quarterly Cash Dividend
MINNEAPOLIS, May 05, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, has declared a two cent per share quarterly dividend, payable on June 4, 2010, to shareholders of record on May 21, 2010. The dividend was declared during a meeting of the company's Board of Directors on May 4, 2010. About FICO FICO (NYSE:FICO) transforms business by making every decision count. FICO's Decision Management ... 
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Apr.28.10FICO Announces Earnings of $0.28 Per Share for Second Quarter 2010
Revenue of $144 million and bookings $54 million for the second quarter MINNEAPOLIS, Apr 28, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced financial results for its second fiscal quarter ended March 31, 2010. Second Quarter Fiscal 2010 Results Net income for the second quarter of fiscal 2010 totaled $13.0 million, or $0.28 per share. This compares with prior-year period n... 
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Apr.28.10FICO and Buró de Crédito to Bring FICO Credit Capacity Index to Banks in Mexico
Mexican lenders will use innovative Index to increase profitability by more precisely assessing consumers' capacity to take on additional debt MINNEAPOLIS, Apr 28, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced a partnership with Mexico's largest credit bureau, Buró de Crédito (TransUnion de Mexico SA), to deliver FICO(R) Credit Capacity Index(TM) to Mexican lenders for ... 
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Apr.14.10FICO and CUP Data to Bring World's Leading Analytics and Account Management Solutions to China's Bankcard Industry
Partnership will offer Chinese banks on-demand services for credit line management, collections decisioning and marketing decisioning MINNEAPOLIS & SHANGHAI, Apr 14, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and China UnionPay Data Services (CUP Data), the leader for outsourced payment services in China, today announced an agreement to offer the industry-standard credit account and... 
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Apr.14.10FICO and Software AG to Deliver Integrated Decision & Business Process Management Solution Globally
Expanded relationship combines the world's top BRMS and BPM solutions in a single enterprise platform for greater quality, power and agility MINNEAPOLIS & DARMSTADT, Germany, Apr 14, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and Software AG, the global leader in business process excellence, today announced an expanded global strategic partnership to deliver an integrated de... 
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Apr.14.10FICO and Emdeon to Jointly Attack $200 Billion Problem of Health Insurance Fraud, Waste and Abuse
Alliance aimed at dramatically reducing losses by extending benefit of FICO fraud analytics to healthcare transactions processed by Emdeon MINNEAPOLIS & NASHVILLE, Tenn., Apr 14, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and Emdeon Inc (NYSE:EM), a leading provider of healthcare revenue and payment cycle management solutions, today announced a commercial agreement aimed at preventing fraud... 
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Apr.14.10Fair Isaac Corporation Announces Date for Reporting of Second Quarter 2010 Financial Results
MINNEAPOLIS, Apr 14, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, will announce its second quarter fiscal 2010 results on April 28, 2010, after the market closes and will host a conference call at 5:00 p.m. Eastern Time (4:00 Central/2:00 Pacific). This call will be webcast and can be accessed at FICO's website at www.fico.com (follow the instructions on the Investor Relations page). A replay of ... 
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Apr.13.10FICO Announces Advanced Risk Management Solutions at FICO World 2010
New releases provide a holistic way to manage risks and profitability MINNEAPOLIS, Apr 13, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced a slate of new products that enable credit grantors to better predict and manage customer risk, increase collections and prevent fraud. The products arrive at a time when banks are grappling with unprecedented pressures on profitability, changi... 
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Apr.13.10FICO Widens Analytic Net to Combat Healthcare Insurance Fraud
New version of FICO Insurance Fraud Manager sharpens detection capabilities to prevent payer losses and speed claim processing MINNEAPOLIS, Apr 13, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the general availability of FICO(TM) Insurance Fraud Manager 3.1. With this newest version, FICO continues to build upon and strengthen its proven solution for detecting healthcare c... 
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Apr.13.10New Versions of FICO Decision Management Tools Deliver Greater Power, Flexibility and Value
Enhancements Focus on Ease of Use, Faster Deployment and Improved Ability to Connect Decisions Among Applications MINNEAPOLIS, Apr 13, 2010 (BUSINESS WIRE) --Underscoring its commitment to continual innovation and investment in its products, FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced two significant new releases within its suite of decision management tools: FICO(TM) Blaze Advisor(R) business ... 
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Apr.08.10FICO Introduces Free App for iPhone and iPod touch
New app gives users free FICO score estimates on the go, includes access to FICO score education and products MINNEAPOLIS, Apr 08, 2010 (BUSINESS WIRE) --FICO (NYSE:FICO), the developer of the industry-standard FICO(R) credit risk score, today announced the availability of its myFICO App on the App Store. The app gives iPhone and iPod touch users access to the FICO(R) Score Estimator. "This is a perfect time to give all iPhone and iPod touch users a cool, ... 
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Mar.25.10FICO World 2010 Sponsorships Sell Out
Interest and Attendance Driven by Themes of Competitiveness and Profitability MINNEAPOLIS, Mar 25, 2010 (BUSINESS WIRE) -- As financial services institutions rethink how they will operate in the "reset" economy, sponsorships for FICO World 2010, the 33rd annual edition of the leading international conference on Decision Management, have sold out completely. FICO (NYSE: FICO), a leading provider of analytics and decision management technology, has developed a conference program and a roster of s... 
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Mar.16.10NBKI Introduces FICO Expansion(R) Score for Russian Lenders
Innovative risk score from leading score developer assesses risk of consumers new to credit, helps lenders to expand portfolios, reduce risks and increase profitabilityMOSCOW & MINNEAPOLIS, Mar 16, 2010 (BUSINESS WIRE) -- National Bureau of Credit Histories (NBKI), the premier credit bureau in Russia, and FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the immediate availability to Russian lenders of the FICO Exp... 
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Mar.12.10Top Analytic Scientists Join FICO Greater China Analytic Services Team
Strategic additions bolster industry leader's capabilities amid rapid growthBEIJING, Mar 12, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the addition of three top analytic scientists to its Greater China Analytic Services team. These individuals - Robert Tsou, Jenny Liu and Li Li - have joined FICO from Experian, where they led and managed consulting services for the Asia Pacific,... 
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Feb.23.10FICO Spots Disturbing Trends in Consumer Credit Behavior
Analysis by FICO Score Trends Service Finds That Borrowers with High FICO Scores Now Defaulting on Mortgages Faster Than BankcardsMINNEAPOLIS, Feb 23, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced new and troubling findings uncovered in the latest analysis offered by its subscription service for businesses, FICO(R) Score Trends. Reversing a long historic trend, mortgage default risk ... 
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Feb.23.10New FICO Service Enables Banks to Fine-Tune Risk Strategies Based on Economic Conditions
Breakthrough, Analytics-Based Service Expected to Save Lenders Millions Through More Accurate Risk Management PracticesMINNEAPOLIS, Feb 23, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the immediate global availability of the FICO Economic Impact Service, a patent-pending analytic service that helps lenders adjust their use of risk scores based on economic projections and lender-def... 
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Feb.11.10Highmark Recognized for Exemplary Use of Fraud Management Technology
FICO-powered initiative earns Celent "Model Insurer" designation for 20% improvement in fraud detectionMINNEAPOLIS, Feb 11, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that Highmark, Inc., has been designated a Model Insurer for its exemplary use of FICO(TM) Insurance Fraud Manager. Highmark has able to uncover 20% more cases of actual fraud than with its previous technology and me... 
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Feb.03.10FICO Declares Quarterly Cash Dividend
MINNEAPOLIS, Feb 03, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, has declared a two cent per share quarterly dividend, payable on March 5, 2010, to shareholders of record on February 19, 2010. The dividend was declared during a meeting of the company's Board of Directors on February 2, 2010. About FICO FICO (NYSE:FICO) transforms business by making every decision count. FICO's Decision M... 
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Feb.02.10FICO Score Now Available in ABS Credit Risk Insight from Equifax
Delivers Greater Predictability and Transparency of Risk for Secondary Mortgage MarketMINNEAPOLIS, Feb 02, 2010 (BUSINESS WIRE) -- FICO (NYSE: FICO) today announced that its industry-leading FICO(R) credit score will now be available in Equifax ABS Credit Risk Insight(TM), meeting a critical need of the non-agency mortgage-backed securities industry. Equifax ABS Credit Risk Insight is the industry's first solution to enable investors to link mortgage loan-level data to up-to-date borrower credit... 
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Feb.01.10New Release of FICO TRIAD Offers Breakthrough Strategy Design Capabilities
Version 8.5 of the industry leading customer management system helps lenders bolster profitability and competitivenessMINNEAPOLIS, Feb 01, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced the release of FICO(R) TRIAD(R) Customer Manager, version 8.5, with significant new strategy design and visualization capabilities. The release makes it easier than ever for lenders to develop and deploy sophisticated decision strate... 
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Jan.27.10FICO Announces Earnings of $0.37 per Share for First Quarter 2010
Bookings for first quarter of $60 million, up 14 percent from prior yearMINNEAPOLIS, Jan 27, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced financial results for its first fiscal quarter ended December 31, 2009. First Quarter Fiscal 2010 Results Net income for the first quarter of fiscal 2010 totaled $17.7 million, or $0.37 per share. This compares with prior-year period net income of ... 
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Jan.20.10FICO Names Charles Ill Executive Vice President, Sales and Marketing
MINNEAPOLIS, Jan 20, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that Charles Ill will join the company on February 1, 2010, as executive vice president of sales and marketing. Mr. Ill's distinguished career in sales and marketing most recently involved leading the worldwide sales organization at Avaya, a provider of enterprise communications systems. Prior to joining Avay... 
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Jan.18.10TransUnion and FICO Unveil Enhanced Credit Score for South African Market
Newest FICO score now available through TransUnion South Africa to help lenders better manage risks with both existing customers and new prospectsJOHANNESBURG & MINNEAPOLIS, Jan 18, 2010 (BUSINESS WIRE) -- TransUnion and FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that a new FICO(R) score for credit account originations and management, released under the TransUnion name Empirica(R) V4 score, is now available ... 
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Jan.13.10Fair Isaac Corporation Announces First Quarter 2010 Earnings Release
MINNEAPOLIS, Jan 13, 2010 (BUSINESS WIRE) -- FICO (NYSE:FICO), the leading provider of analytics and decision management technology, will announce its first quarter fiscal 2010 results on January 27, 2010 after the market closes and will host a conference call at 5:00 p.m. Eastern Time (4:00 Central/2:00 Pacific). This call will be webcast and can be accessed at FICO's Website at www.fico.com (follow the instructions on the Investor Relations page). A replay of ... 
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Jan.06.10First Annual FICO Decision Management Awards Presented to Bank of Communications, Highmark and Lloyds Banking Group (Halifax & Bank of Scotland Credit Cards)
Global honors recognize excellence in management of credit risk, insurance claims and fraudMINNEAPOLIS, Jan 06, 2010 (BUSINESS WIRE) -- FICO (NYSE: FICO), a leader in analytics and Decision Management technology, announced today that Bank of Communications, a leading Chinese bank, Lloyds Banking Group (HBOS Credit Cards), a UK-based multinational bank, and Highmark, a large US insurer, are the winners of the first annual FICO Decision Management Awards com... 
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