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NEBA Offers Automated Predictive Modeling Solution for Credit Card Issuers
Bankers gain control over card portfolio's profitability with a single platform
Contact:
NEBA
Carolyn Umbach, Marketing Coordinator
cumbach@neba.com
781-756-8250
WAKEFIELD, MASSACHUSETTS (March 23, 2009) - The New England Bankcard Association (NEBA) today announced the expansion of its analytics services with the Adaptive Control Service (ACS) Credit Card Management solution, through its partnership with First Data, a global technology leader in information commerce. First Data's ACS product will benefit NEBA members by offering a risk management tool that helps issuers improve, manage and automate credit card decisions to minimize risk and maximize profitability. Through this single platform banks can easily customize and automate the decision-making processes for various products and risk portfolios in specific functional areas of the bank including, credit, authorizations, collections, pricing, marketing, card reissue and more.
NEBA continues to bring new technology-based solutions to member banks to help them predict risk with precision scoring. "Members rely on the predictive models available within the system to quickly and automatically reduce account level risk, lower delinquency and charge-off rates and assess customer behavior," stated Ted Keith, NEBA's President and CEO. "The advanced analytics built into the system enables bankers to quickly adapt to market changes and minimize risk."
“First Data’s Adaptive Control Service is a comprehensive solution, based on well-known FICO behavior models, that helps issuers better manage risk and profitability on their credit card portfolios,” said Margaret Haynes, senior vice president, First Data.
About NEBA
Founded in 1969 as one of the twelve original MasterCharge Associations, NEBA (New England Bankcard Association) provides domestic and international financial institutions in the U.S. and Caribbean a full range of credit card issuing, debit card, ATM driving, and merchant acquiring programs, products and services as well as the framework, assistance, support and education banks need to operate profitable, effective card programs that promote customer satisfaction and loyalty.
NEBA members participate in the design and management of their respective programs, and have the flexibility to offer one or any in the full range of NEBA payment system programs, products and services. For more information about NEBA's programs, products and services please visit neba.com.
NEBA members participate in the design and management of their respective programs, and have the flexibility to offer one or any in the full range of NEBA payment system programs, products and services. For more information about NEBA's programs, products and services please visit neba.com.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 37 countries. For more information, visit firstdata.com.
About FICO™
FICO™ (NYSE:FIC) 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 www.myFICO.com website. Learn more about FICO at www.fico.com
FICO™ (NYSE:FIC) 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 www.myFICO.com website. Learn more about FICO at www.fico.com
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