Vital Provides Instant Application Decisioning

Vital Processing Services, a recognized leader in technology-based commerce enabling services, is offering its merchant acquirers and merchant service provider clients the ability to instantly decision merchant credit applications with Capstone Online, a flexible automated application decisioning service offered through a hosted Application Service Provider (ASP) environment by HNC Software Inc.

With Capstone Online, Vital can offer its clients high-speed, high-volume processing services capable of rapidly decisioning most merchant applications. In addition, Capstone Online provides acquirers with access to additional business intelligence to optimize merchant underwriting and pricing methodologies.

"Vital is always on the lookout for opportunities to provide our merchant acquiring clients with the industry's leading, best-practice technologies," said Vital Processing Services president and CEO Jonathan Palmer. "HNC's solution will allow our acquiring clients to use a single decisioning system to oversee all application decisions quickly and efficiently. By integrating Capstone Online with Vital's processing system, users will experience less paperwork, less human intervention and more consistent review of merchant applications."

"With Capstone Online, Vital can deliver a comprehensive, real-time credit decisioning application solution that previously has been underutilized in the merchant acquiring industry," said Bruce Hansen, president of HNC Software Inc. "These acquirers will be able to quickly gain the operational and cost efficiencies that other financial and issuing segments have enjoyed."

Capstone Online is a real-time, flexible credit decisioning service ideally suited to automate application decisions. The decision logic of this intelligent decisioning system is completely customizable according to a user's own criteria and policies. The service supports on-demand, on-line access to each client's own data repositories and to U.S. and Canadian consumer credit bureaus and U.S. business credit agencies to assess credit risk and, optionally, application fraud risk using HNC Identity Fraud Check. ASP delivery of Capstone Online circumvents the high cost and long lead time of an on-site system installation and presents lenders of all sizes with the opportunity to access sophisticated decisioning typically available only to the largest financial organizations.

Arizona-based Vital Processing Services is a leader in technology-based commerce enabling services. Vital's clients include acquirers and merchant service providers that offer electronic payment processing services to merchants, such as POS products; electronic authorization and data capture; VirtualNet Internet-commerce services; clearing, settlement, and exception processing; accounting, billing and reporting; risk management; and customer service. Vital is a merchant processing joint venture of Visa USA and TSYS. For more information, visit www.vitalps.com or contact Vital's sales department at 480-333-7799.

HNC Software is a leading provider of Customer Insight solutions, including 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.

Contact HNC Software Inc, Rob Jensen, 858-799-8122, erj@hnc.com.