NestorCommerce and Total System Services Form Alliance

NestorCommerce, a division of Nestor Inc, in conjunction with its alliance partner, Total System Services Inc, announces the availability of new fraud detection models for TSYS' card issuing clients in the U.S. and Canada, as well as issuers of commercial, or purchasing cards. The new neural network models have been integrated within the TSYS CardGuard fraud detection system and are available through TSYS immediately.

"We are pleased to partner with Nestor to deliver advanced fraud control solutions to our clients throughout North America," said Skeet Rolling, vice president of Fraud Control Services for TSYS. "By adding the U.S. and Canadian-specific models and the commercial card fraud detection model to CardGuard, we can provide targeted solutions to more of our card-issuing customers."

NestorCommerce's neural network models provide a predictive fraud score by comparing transactions to the model's learned memory of fraudulent patterns. High scoring transactions can be queued for review and delivered to banks through TSYS' CardGuard system.

"These new systems have been benchmarked extensively to optimize detection rates while minimizing the number of false-positive alerts," said Sushmito Ghosh, president of NestorCommerce. "We are excited to continue to provide TSYS, and our banking partners and customers throughout the world, with targeted, neural network-based fraud solutions."

About Total System Services Inc

TSYS provides global commerce solutions. Facilitating the payment exchange between buyers and sellers, TSYS' systems capture and deliver more of the right information to our clients allowing them to make wiser business decisions, currently yielding portfolio growth more than twice the industry average. TSYS and its family of companies offer a full range of business services from credit applications to collections, allowing our clients to focus on building their brands and managing their portfolios. Based in Columbus, Ga., TSYS is an 80.8-percent-owned subsidiary of Synovus Financial Corp, www.synovus.com, No. 5 on Fortune magazine's list of "The 100 Best Companies To Work For" in 2000.

About NestorCommerce

NestorCommerce is a division of Nestor Inc, a leading provider of intelligent decision-support solutions for the financial services and e-commerce industries. Nestor's client/server products incorporate innovative pattern- recognition technologies ideally suited for data-intensive, real-time decision applications. The company's products provide predictive fraud detection and case management for e-commerce fraud, credit, debit, retail and commercial card fraud, as well as merchant fraud, money laundering and customer relationship management. Nestor products are sold direct and by selected partners worldwide. Through its affiliate, Nestor Traffic Systems, Inc, the company also applies its technologies to a suite of video-based intelligent transportation systems that promote enhanced traffic management and improved safety. For more information, call 401-331-9640 or visit www.nestor.com.

Contact Nestor Inc, Tom Spillane, 401-331-9640, tspillane@nestor.com.