ACET Processing, the specialist third-party processor of accounts, customers, events and transactions, has scored a first in Africa, by selecting the TRIAD 7.0 adaptive control system of Fair, Isaac and Company, Incorporated to manage clients` portfolios.
TRIAD has become the de facto standard for credit grantors worldwide and enables sophisticated credit, risk and marketing strategies, using behaviour scoring to forecast future performance. Through a controlled Champion/Challenger testing environment and detailed reporting generated by the system, clients are able to accurately assess the performance of competing strategies and make rapid changes to adapt to changing consumer behaviours and economic conditions.
What makes the ACET Processing TRIAD service so unique is that not only will it be the first of its kind in Africa but it will also be one of the most sophisticated account management systems in the world. By utilising all seven modules of TRIAD 7.0, clients will have the opportunity to make decisions on their customers across the entire portfolio management spectrum: authorisations, delinquent collections, overlimit collections, reissue, credit limits, portfolio marketing and account-level repricing. In addition, multiple scorecards will be available to enhance data-driven decisions, including pooled behaviour scorecards, attrition and propensity to spend models.
This significant investment in credit risk management technology will result in clients being empowered to make strategic decisions on a one to one customer basis.
Mike Crawley, Director of Software Services at ACET Processing, states: "This combination of TRIAD 7.0 and VisionPLUS 8.11 offers clients in Africa unrivalled access to world-class credit management technology. With the impressive results achieved by over 150 TRIAD users worldwide, clients will be able to realise the major benefits improved account management strategies will bring. TRIAD and VisionPLUS are a long-established winning combination and ACET Processing clients in Africa will benefit from the largest, most feature-rich, TRIAD-VisionPLUS offering in the world."
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ACET Processing provides third-party processing for accounts, customers, events and transactions. With offices in Cape Town and Johannesburg, we offer clients across Africa access to both the VisionPLUS account processing system and the TRIAD account management solution. ACET Processing is jointly owned by PIC Solutions, the largest risk management consultancy based in the Southern Hemisphere and PaySys International, a wholly owned subsidiary of First Data Corporation. Through this unique combination of proven state-of-the-art credit and risk systems, world-class third-party processing expertise and established customer management solutions, ACET Processing provides clients across Africa with an unsurpassed range of services. For more information, please visit the ACET Processing Web site at www.ACETProcessing.com.
Fair, Isaac and Company
Fair, Isaac and Company (NYSE: FIC) is the pre-eminent provider of creative analytics that unlock value for people, businesses and industries. The company`s predictive modelling, decision analysis, intelligence management, decision management systems and consulting services power more than 25 billion mission-critical customer decisions a year. Founded in 1956, Fair, Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair, Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organisations and government agencies.
Through the www.myfico.com Web site, consumers use the company`s FICO scores, the standard measure of credit risk, to manage their financial health. As of 5 August 2002, the business of HNC Software Inc, a leading provider of high- end analytic and decision management software, is part of Fair, Isaac. For more information, visit www.fairisaac.com.
First Data
First Data Corp. (NYSE: FDC), with global headquarters in Denver, Colorado, USA, powers the global economy. Serving approximately 2.8 million merchant locations, 1 400 card issuers and millions of consumers, First Data makes it easier and more secure for people and businesses to buy goods and services using virtually any form of payment: credit, debit, smart card, stored-value card or cheque at the point-of-sale, over the Internet or by money transfer. For more information, please visit the company`s Web site at www.firstdata.com.
PaySys, a wholly owned subsidiary of First Data, provides transaction processing software; software management services; customisation; project management; education and multi-lingual training. Known worldwide for its VisionPLUS software, the First Data subsidiary has customers in 38 countries on six continents and has offices in Australia, Brazil, Costa Rica, France, China, Ireland, the UK and the US.
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