Fair Isaac's RoamEx Roamer Data Exchanger to Help CANTV Movilnet, C.A. Reduce Roaming Fraud
Business Editors/High-Tech Writers
SAN RAFAEL, Calif.--(BUSINESS WIRE)--Aug. 14, 2003--
Leading International Roamer Visibility Network Will Enable Venezuela's Largest Wireless Services Provider to Enhance Real-Time Fraud Detection Capabilities
Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision technology, today announced that Telecommunicaciones Movilnet, C.A. (Movilnet), the wireless division of Venezuela's largest telecommunications operator CANTV (NYSE:VNT), has selected Fair Isaac's RoamEx(R) roamer data exchanger to more easily and cost-effectively mitigate roaming fraud.
The use of RoamEx will enable Movilnet, a member of the Verizon International group of companies, to increase roaming revenues -- income from mobile phone users gained while callers are outside their home carriers' local network -- while decreasing fraud losses by providing roaming call detail records in near real time. RoamEx automatically sends completed call detail records covering voice, message and data calls from the serving operator to the home operator within seconds, providing Movilnet with wider visibility of a subscriber when roaming and allowing the company to identify and respond almost immediately to a potential fraud threat.
"Fair Isaac's RoamEx is acknowledged as the leading provider of timely roaming data throughout the wireless industry," said Jose Alberto Lozada, IT Risk Control Manager at CANTV, Movilnet. "In particular, we chose RoamEx for its ability to seamlessly interface with our existing enterprise fraud detection and prevention system, which covers the entire spectrum of services, including fixed line, prepaid and post-paid, Internet and pay phone services. As an integral part of a single, comprehensive fraud management platform, RoamEx will now enable us to also respond to roaming fraud activities in a timely fashion, substantially reduce the risk of fraud-related losses and therefore deliver more value to our wireless customers."
Fair Isaac's RoamEx Roamer Data Exchanger is the leading real-time roamer visibility network for the wireless industry, and serves as one foundation for Fair Isaac's growing suite of telecommunications applications to address fraud, credit risk management and account management decision making. RoamEx handles 95 percent of all roaming call records for the North America wireless industry and currently processes over 2 billion call detail records every month around the globe for more than 65 wireless carriers.
"We are proud to work with Movilnet, a leader in the Latin American wireless market, as we continue to expand worldwide RoamEx coverage," said Mike Gandolfo, vice president of Fair Isaac's Global Telecom solutions. "The roamer visibility and high usage report generator provided by RoamEx already fills a gap in the fraud defenses of most North American wireless carriers. As international demand grows, we look forward to delivering industry-standard, sophisticated tools that best meet the needs of our wireless clients' high performing, reliable fraud control solutions."
The RoamEx solution is designed to meet any wireless carrier's (e.g. CDMA, TDMA, GSM, etc.) needs for near real-time data collection, call detail record exchange, and account management systems. Fair Isaac provides day-to-day management, monitoring, maintenance and technical support for the RoamEx network, making the wireless carriers' resource commitment minimal.
Telecommunicaciones Movilnet, C.A. is a wholly owned subsidiary of CANTV, providing mobile communication services, with nationwide coverage, to more than 2,500,000 customers representing 42 percent of the cellular market in Venezuela. The company is headquartered in Caracas and has 16 regional commercial offices and operations centers with more than 1,300 authorized agents throughout the country. Movilnet has the backing and support of Verizon International, which has a controlling interest in CANTV.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, 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 organizations and government agencies. Through the www.myfico.com Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit www.fairisaac.com.
Statements Regarding Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its RoamEx roamer data exchanger, the benefits to be derived from RoamEx, the timing and benefits of the integration of the service with other products or services and projected sales of the integrated product, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the integration, implementation, use and functionality of the integrated offering, market acceptance of the offering, the risks that customers will not perceive material benefits from the offering, failure of the offering to deliver the expected results, the possibility of errors or defects in the offering, the company's ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, competition, regulatory changes applicable to the use of consumer credit and other data, a lengthy sales cycle for our products, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2002, and Form 10-Q for the period ended June 30, 2003. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac, RoamEx and FICO are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be trademarks of their respective owners.
CONTACT: Fair Isaac Corporation
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