CardWeb.com’s CardExecs database today features Kelley Corten the Marketing and Brand Manager of Modo Payments.
ACI Worldwide partnered Experian Decision Analytics to market Experian’s leading decisioning solutions to ACI customers and prospects. Experian’s analytics-driven decisioning enables effective and targeted customer application processes, robust portfolio management and streamlined collections and recoveries. Credit issuers using ACI Issuer, the company’s platform for issuing and supporting credit cards, paired with Experian’s solutions, benefit from an end-to-end offering that maximizes profitability throughout the life cycle of a consumer’s account.
Research is now indicating the average age of the highest-credit-scoring-consumer (850) is 61 years old, having a birth year of 1950 while the oldest person to achieve perfection was born in 1922. The data revealed the average age of the credit file at exactly 30 years, with an average ‘In File Since’ year of 1981, at the national repository while the span of years between the oldest and most recent file was 36 years. This, according to SubscriberWise analytics-driven risk management and issuing credit reporting agency, also shows the oldest file was created more than a half-century ago in 1958, while the youngest file was created 17 years ago in 1994.
A new report has calculated that rewards payment cards accounted for 77% of credit card volume in 2005, compared to just 40% in 2001. The research found that credit card spend on rewards card is growing at a CAGR of 31%, compared to 12% for non-reward cards. The white paper by FischerJordan says that basic rewards offerings are becoming a market necessity; no longer a competitive advantage, but instead a commodity. The form says it is clear that program cost containment coupled with commoditization will spur a change in program substance and management. Reengineering will give way to a revision of traditional program economics, including a change in program structure and management. Coalition programs, white labeling, and association rewards will provide the models of industry externalization. The external result of these changes will be that the largest loyalty programs will emerge bigger, permeating multiple industries; while internally, program value will be unlocked, turning a cost center into a profit generating activity.
Fair Isaac has hired Michael Campbell, formerly of SAP, to handle the newly created position of VP/COO, Products. Steve Braun continues to lead Services, organized by industry segment. Prior to joining Fair Issac, Campbell spent three years with SAP America, Inc. where he held multiple senior leadership roles and ran $1.5 billion in combined revenues. Campbell joined SAP in 1999, when Campbell Software, Inc. merged with SAP. Fair Isaac Corporation provides predictive modeling, decision analysis, intelligence management, decision management systems and consulting services worldwide.
Fair Isaac has signed an agreement to acquire Chicago-based Braun Consulting for a net cash value of $30 million. As part of the deal, Braun’s senior management team, including founder and CEO Steven Braun will remain with Fair Isaac. Fair Isaac plans to leverage Braun’s consulting practice to help executives who have a stake in the success of marketing efforts set the strategic context and direction for results-oriented “Precision Marketing” initiatives. Fair Isaac also expects that Braun’s technology integration experience will help ensure customers realize the greatest benefit from its “Precision Marketing” solutions. The deal is expected to close in the fourth quarter.
Fair Isaac announced the closing of its acquisition of London Bridge Software Holdings plc. In April, Fair Isaac announced it was acquiring London Bridge Software for about $299 million. London Bridge has more than 1,600 clients worldwide and provides a comprehensive portfolio of software and e-Commerce solutions including customer and enterprise management software, banking software, and credit management software. Fair Isaac intends to incorporate London Bridge’s core expertise and leading software and systems for collections and recovery into a solutions portfolio that already includes the industry-standard platforms for account management and fraud detection. Fair Isaac believes it can leverage London Bridge’s installed base of customers for collections and recovery to deliver collections-focused scoring solutions, giving businesses access to customer decision strategies powered and influenced by analytics at the critical revenue recovery stage.
Fair Isaac has closed its acquisition of London Bridge Software Holdings. The addition of London Bridge’s talent and technologies extends Fair Isaac’s ability to deliver analytics-driven decision strategies across the entire credit customer lifecycle. Fair Isaac Corporation is the preeminent provider of creative analytics that unlock value for people, businesses and industries. London Bridge Group has over 1,600 clients worldwide and provides a comprehensive portfolio of software and e-Commerce solutions including Customer and Enterprise Management Software, Banking Software, Credit Management Software and enterprise-wide Mortgage Lending software.
IBM has inked a deal to become a global reseller of Fair Isaac’s core analytic capabilities for financial services providers. The relationship will focus on delivering the full range of Fair Isaac’s advanced analytic software and tools through IBM’s established technology infrastructure at the world’s top financial institutions. Fair Isaac and IBM plan to bring new solutions to market in the future that deliver breakthrough value to financial institutions through joint product development and integration efforts. IBM is the world’s largest information technology company and provider of IT services, as well as a preeminent technology partner to the world’s financial services industry. Fair Isaac Corporation is the preeminent provider of creative analytics that unlock value for people, businesses and industries.
Fair Isaac announced release 5.0 of Fair, Isaac ‘Blaze Decision System’ software. ‘Blaze Decision System’ defines and executes business rules and analytics-driven strategies. Users can automate decisions and place customized controls on any business function, insuring optimal and consistent customer treatment at all customer touch-points. Blaze Decision System works in real time to consistently and automatically make high-volume decisions, and can be applied by organizations looking to enhance business performance in any industry.
Fair, Isaac and Acxiom have inked a multi-year partnership whereby Fair, Isaac will use Acxiom’s data to fuel its “Strategy Machine” solutions. Acxiom will leverage Fair, Isaac’s world-class decisioning capabilities to develop and deploy more potent marketing solutions on behalf of its clients. Acxiom expects the use of Fair, Isaac analytics and decision technology will facilitate faster, more cost-efficient marketing decisions for financial services clients looking to improve the effectiveness of their customer acquisition and account management solutions.
NAREX has introduced “UniScore,” a complete Web-based recovery score package for collection agencies, credit grantors, and debt buyers. UniScore is completely Web-driven. The score, contact effort recommendation, and added services are accessed through a single interface to NAREX. All reports are online.