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©2000 Intelligent Systems |
CoreCard's Private Label Card Management and Collections Applications Selected by Major Multi-Channel RetailerWed, July 09, 2003, NORCROSS, GA CoreCard Software, Inc., a PaySys International Inc. spin-off and premier provider of next-generation payment management and credit card transaction processing systems today announced that Fingerhut Direct Inc., a direct to the consumer marketing company, has selected the CoreISSUE Private-Label credit management and payment processing system and CoreCOLLECT, a credit management tool, to manage the Fingerhut credit portfolio. "Providing our customers with a broad selection of
merchandise with convenient financing options
while effectively managing our credit portfolio
and minimizing credit risks are keys to our
growth and profitability. Finding the right
credit management system is crucial. CoreCard
was the only software provider that met, and in
some instances, exceeded our functionality,
scalability and rapid deployment evaluation
criteria," said Brian Smith, president of
Fingerhut Direct. "Their integrated credit
offering and real-time capabilities will enable
us to provide superior customer service, offer
credit plans to our customers and allow us to
constantly fine-tune our collections
strategies."
As part of the evaluation process, CoreCard successfully
completed a five million account scalability
testing that was overseen by an independent
consultancy and conducted at a HP test lab. "We are pleased to have been selected by Fingerhut, a
company with many top-level professionals who
possess a wealth of knowledge and experience in
the credit risk analysis and credit management
arenas," said Leland Strange, managing
director at CoreCard Software. "We are
confident that this relationship with Fingerhut
will allow us to improve upon our already
feature-rich products and make them the envy of
the industry."
CoreISSUE Private Label is an issuing system for private
label card products with language and currency
localization capabilities. It provides
comprehensive account management functionality
and real-time processing of payments and
transactions including authentication,
authorization, clearing, settlement, customer
service, dispute management, statement
processing and letters generation.
CoreCOLLECT is CoreCard's solution for working and managing
delinquent accounts. It features next-generation
case management capabilities, customizable
workflows and support for automated monitoring
of payment schedules. Both applications are
browser-based and run on Intel-based hardware
with embedded fault-tolerance. Fingerhut Direct, Inc. is a direct to the consumer marketing
company selling a broad selection of general
merchandise. Products are marketed through
catalogs and the internet to millions of
consumers nationwide. Fingerhut Direct, Inc. is
owned and operated by FAC Acquisition in which
Tom Petters and Ted Deikel are the principals. For more information, visit www.fingerhut.com
CoreCard Software, Inc. provides real-time cardholder and
merchant account management and transaction
processing systems for the global financial
services industry. CoreCard's applications
automate, streamline and optimize business
processes associated with the set-up,
administration and management of credit card,
loan and merchant accounts, the processing of
transactions and the collections, recovery and
reporting functions associated with those
accounts. Headquartered in Norcross, Ga.,
CoreCard is funded by Intelligent Systems
Corporation. Other institutional shareholders
include Advent GECC, Capital Resource Partners,
Grubb & Williams and Oak Investment
Partners. For
more information, visit www.corecard.com
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