First National Bank of Omaha Selects Fair, Isaac's LiquidCredit Service for More Profitable Small Business Credit Decisioning

SAN RAFAEL, Calif., Sept. 4, 2002 --Fair, Isaac and Company, Incorporated (NYSE:FIC), the leading provider of analytics and decision technology, announced today that First National Bank of Omaha will utilize its LiquidCredit(R) decision engine to make faster, more consistent and efficient decisions in commercial card originations.

First National, one of the nation's top commercial card issuers, will use Fair, Isaac's browser-based credit risk decisioning solution to process applications and offer credit and purchasing power to small business customers. By accessing Fair, Isaac's newest SBSS(SM) 5.0 commercial card risk models embedded within the LiquidCredit service, First National will be able to significantly reduce credit decision turnaround time and book more loans while reducing origination costs and loss rates.

"We are committed to providing our customers with fast, highly personalized, quality service," said Jim Shanahan, Vice President, Commercial Card Division at First National Bank of Omaha. "Fair, Isaac's LiquidCredit service supports that commitment and can be integrated into our existing infrastructure. It provides the most powerful predictive capabilities in commercial card lending available today and will enable us to respond more effectively to our customers' needs while improving overall operational efficiency."

LiquidCredit decision engine uses the combined power of Fair, Isaac's Small Business Scoring Service(SM) (SBSS(SM)) credit risk models and the latest decisioning technology for account origination. The SBSS Model suite offers maximum adaptability and predictive power for a variety of credit scenarios, including flexible risk assessment according to credit product and multiple options in selecting the type of small business customer data. LiquidCredit service quickly and seamlessly integrates into clients' existing application systems and allows them to design and implement analytically-driven strategies that can be executed in real time -- in as little as a few seconds -- to consistently and automatically make decisions that lead to improved business performance.

"Commercial card credit grantors face high expectations from the marketplace. They must respond to applications very quickly, in real time, with offers tailored to the customer's specific needs. Yet, they also must limit costs and losses," said Raffi Kassarjian, Vice President of Global LiquidCredit at Fair, Isaac. "The LiquidCredit service is designed to address precisely these challenges. It provides First National Bank with the infrastructure and business intelligence they need to increase their speed to market and boost volume."

About Fair, Isaac

Fair, Isaac and Company (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 14 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 Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health. As of August 5, 2002, HNC Software Inc., a leading provider of high-end analytic and decision management software, is part of Fair, Isaac. For more information, visit

Headquartered in San Rafael, California, Fair, Isaac is traded on the New York Stock Exchange (NYSE:FIC) and for the fiscal year ended September 30, 2001, reported net income of $46 million on revenues of $329 million.

About First National Bank of Omaha

First National Bank is a division of First National of Nebraska, a multi-state holding company located in the heart of downtown Omaha. First National Bank has been serving Omaha and surrounding communities for more than 130 years. With nearly $13 billion in managed assets and over 7,000 employees, First National of Nebraska ranks as one of the largest bank holding companies west of the Mississippi River. First National of Nebraska serves over 6.6 million customers in all 50 states, with more than 50 banking locations in Nebraska, Colorado, Kansas, South Dakota and Texas.

Except for historical information contained herein, the statements contained in this press release that relate to Fair, Isaac, including statements regarding the future delivery and performance of its products, 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 the company's ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships with key alliance partners, its ability to continue to develop new and enhanced products and services, competition, regulatory changes applicable to the use of credit and other data, the possibility that the anticipated benefits of its recent merger with HNC, including expected synergies, cannot be fully realized, the possibility that costs or difficulties related to the integration of its business and HNC's business will be greater than expected, 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, 2001, and Form 10-Q for the period ended June 30, 2002. 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, LiquidCredit, Small Business Scoring Service, SBSS, HNC and FICO are trademarks or registered trademarks of Fair, Isaac and Company, Incorporated, in the United States and/or in other countries. Other product and company names herein may be the trademarks or registered trademarks of their respective owners.


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