Chevron to Fight Card Fraud With Specialized Version of Falcon From HNC Financial Solutions

Business Wire, March 23, 1999

SAN DIEGO--(BUSINESS WIRE)--March 23, 1999--With one of the largest oil card programs in the United States, Chevron Corp. has decided to install HNC Financial Solutions' Falcon(TM) payment card fraud detection system to protect Chevron's 7 million plus portfolio from fraud losses.

HNC Financial Solutions will deliver a version of Falcon that is specially configured to detect the kind of fraud that is typical on private label oil cards.

"Chevron tries to select the best technology we can find to build the strength of our card portfolio," said Chevron's Chief Credit officer Steven Peth. "So we are pleased to be able to install an oil-card specific fraud detection solution."

HNC Financial Solutions President Michael A. Thiemann said, "Chevron is taking a leadership position in proving the benefits of oil-card-specific neural networks. We are gratified to be working with a premier issuer who appreciates the benefits of applying the best technology to enhance efficiency and profitability while providing cardholder protection."

A leading credit card fraud detection solution, Falcon is used by over 600 credit card issuers worldwide. HNC Financial Solutions entered the private label card arena with a specialized retail card version of Falcon for Sears, Roebuck. The agreement with Chevron demonstrates HNC's continuing commitment to providing solutions for private label cards.

About HNC Financial Solutions

HNC Financial Solutions, an HNC Software business unit, provides a powerful set of predictive business solution modules that address the mission-critical, customer-lifecycle management needs of financial institutions.

About HNC Software

With headquarters in San Diego, HNC Software Inc. (Nasdaq:HNCS) is a world leader in the development and delivery of predictive software solutions in client/server environments. HNC provides innovative predictive software systems in the financial services, retail, insurance information, electronic commerce, and telecommunications markets. For more information, contact Patsy Campbell, director of marketing, HNC Financial Solutions, 5930 Cornerstone Court West, San Diego, Calif. 92121, 619/546-8877. For investor relations hotline, call 800/396-8052.

Falcon is a trademark of HNC Software Inc.