HNC'S FALCON QUICK TRACK TO HELP BATTLE FRAUD IN EUROPE

HNC Financial Solutions, a division of HNC Software Inc, announced the availability of Falcon Quick Track, a specialized version of the Falcon bankcard fraud detection system developed specifically for international card issuers.

Falcon Quick Track offers the world-renowned fraud detection abilities of Falcon at a significantly reduced implementation time, allowing mid-sized international customers to benefit from reduced fraud losses much more quickly.

The system is available immediately to help battle payment card fraud, which continues to escalate at alarming rates throughout the world. This is especially the case in Europe, where card fraud grew across the European Union by a staggering 50 percent last year, according to the European Commission, with illegal transactions reaching an estimated $553 million (U.S.). Visa International reports that card fraud is growing in the European Union faster than in any other part of the world.

"Due to the rapid increase in payment card fraud activity throughout Europe, it's critical for all card issuers in the region to protect themselves and their customers with the most advanced fraud detection solutions available to them," said Allan Trosclair, president of the Coalition for the Prevention of Economic Crime. "Fraud detection solutions are greatly needed in the region at this time, and should be embraced by the international community as a way to fight this growing economic crime."

"We are offering mid-sized European card issuers, who often conduct card processing independently, an accelerated access to the significant fraud loss reductions made possible by Falcon," said Ruud Nijs, HNC Software's managing director for Europe, the Middle East and Africa. "Falcon Quick Track reduces much of the integration effort undertaken during a typical system implementation, and with a minimal investment of often scarce IT resources. In fact, with Falcon Quick Track, HNC offers an experienced team of implementation specialists who can help clients get up-and-running with the system faster than ever, and at a substantial cost savings."

Falcon is a neural network-based predictive software system that examines transaction, cardholder, and merchant data to detect a wide range of payment card fraud. Falcon Quick Track packages Falcon for fast integration into standard fraud operations and employs a fraud detection model developed specifically to detect international card fraud activity. Falcon currently protects more than 350 million payment card accounts worldwide and employs the world's largest consortium of payment card transactions to accurately predict the likelihood of fraud.

"Offering this specialized fraud detection solution specifically to the European market further illustrates HNC's ongoing expansion into Europe, the Middle East and Africa," added Nijs.

HNC Financial Solutions is a leader in the development of intelligent customer value management software solutions for the financial services and e-commerce industries. Its powerful suite of real-time decision platforms and predictive business solutions allows firms to automate new account decisioning, optimize marketing efforts, detect fraud, predict profitability, and manage the customer lifecycle. HNC Financial Solutions supports this suite of solutions with a full range of consulting services.

HNC Software is a leading provider of Intelligent Response, decision management, and customer analytics software that enables companies in the financial, telecommunications, e-commerce and insurance industries to acquire, manage and retain customers. For more information, visit www.hnc.com or contact Melinda Bateman at 858-799-8370.