New agreement with region's leading card processor further expands global market reach of industry-leading TRIAD adaptive control system

Manama --24 Dec 2006-- Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced today a new agreement with Arab Financial Services Company B.S.C (AFS). As the region's leading provider of electronic-payments and consumer finance outsourcing services, AFS has selected Fair Isaac's TRIAD adaptive control system to offer credit card issuers in the Middle East enhanced portfolio management services.

Based in Bahrain, AFS will integrate the TRIAD system with its processing platform to help network issuers more effectively manage risk and design and execute more profitable account-level strategies in credit line management, authorizations, collections, reissue, marketing, and pricing.  AFS currently provides payment card processing services to more than 50 banks and financial institutions across the Middle East, North Africa, Europe and South Asia. A leading financial institution in Saudi Arabia will become the first card issuer to process its credit card portfolio through TRIAD at AFS in early 2007.

"This new partnership with Fair Isaac will allow AFS to leverage its card outsourcing market leadership in the region with Fair Isaac's industry-proven account management system," said Rasool Hujair, CEO at AFS. "By offering TRIAD as a value-added service, AFS continues to deliver superior technology and highest quality services that help our clients succeed and grow their business in a cost-efficient manner."

"The agreement with AFS underscores Fair Isaac's continued global leadership in providing world-class account management services," said Doug Clare, vice president for processor partnerships, at Fair Isaac. "It also gives us the opportunity to enhance our TRIAD services and bring the value of advanced decision management to issuers in untapped markets in the Middle East. Customer banks will benefit from the combined strengths and capabilities of Fair Isaac and AFS."

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About Arab Financial Services
AFS is the leading Arab company for electronic banking, personal payment instruments and related services. Established in 1984, AFS is in a strong financial position with backing from leading international financial institutions in the Arab World. The company pioneered the concept of outsourcing card processing in the region and was the first company to set-up an end-to-end state-of-the-art card-outsourcing environment in Bahrain. AFS is the largest payment card processor in the Middle East and North African regions. AFS is Principal Member of Visa and MasterCard Payment Associations and an authorized third party processor centre. Over 50 Banks in the region are connected to AFS's online card management integrated solutions. AFS offers diverse services ranging from "get-started" to fully-fledged on-going card processing & related services, assisting banks to issue Visa and MasterCard to their customers through sponsorship card programs. AFS offers flexible and customized solutions to suit the specific requirements of financial institutions in the region, including full Arabic language functionality.

www.afs.com.bhFor more information visit: 

For Further Information please contact:
AFS media contant:
Latifa Isa
Business Development & Marketing
Direct: +973 17 299726/290333
Email: latifa.isa@afs.com.bh

© Press Release 2006