CoreCard Software Unveils Real-Time Collections Application

NORCROSS, GA – CoreCard Software, Inc., a *PaySys International Inc. spin-off and premier provider of next-generation credit card and merchant transaction processing applications, today announced the release of its real-time, debt recovery application CoreCOLLECT™ that enables credit card issuers and merchant acquirers to more efficiently manage and optimize their in-house and outsourced collections efforts.

With features that were refined based on stringent requirements from leading catalog and online retailer Fingerhut Direct Marketing Inc., CoreCOLLECT’s advanced queuing and reporting capabilities enable the automation, tracking and constant optimization of collections activities undertaken by in-house collections teams in real-time. Additionally, its unique unlimited hierarchy capability allows credit grantors to manage and optimize an unlimited number of outsourced collections agency relationships. Ultimately, CoreCOLLECT enables credit grantors to hone collections strategies in real-time for more efficient recovery rates.

Feature Highlights

• Flexible Payment Controls — a broad range of payment variances, multiple grace days and prepayments against promise to pay records can be developed
• Multiple Payment Schedules on a Single Account — each promised payment is marked as “Kept” or “Broken”
• Powerful queue assignment capability — accounts can be segmented into queues and then assigned and re-assigned to collectors according to an array of variables, in real-time
• Champion — Challenger Support
• Global Work Screen & Easy Navigation — collectors can view all pertinent account information on one screen
• Customizable Workflows — actions taken by collectors can be fully scripted and automated for more consistent and predictable outcomes
• Integrated “Rule Sets” — script definition tool automates manual activities and allow New activities to be added to existing scripts with little programming support.
• Flexible Re-queue Periods — each script can include multiple “outcomes” and each outcome may have its own re-queue period of minutes, hours, days, weeks or months. Re-queue periods apply to manual and automated outcomes
• Advanced Reporting — reports can be generated in real-time using industry standard reporting tool
• Integrated Letters — letters can be generated automatically or manually at any stage of the collection process as part of any scripted outcome. Full integration with MS Word is supported

Developed using CoreCard’s innovative CoreENGINE™ universal lending and credit transaction processing software platform, CoreCOLLECT offers credit grantors a scalable, flexible collections processing application that can be deployed, customized and operated at a lower total cost of ownership than UNIX or mainframe-based applications. CoreCOLLECT’s open architecture enables ease of integration with third-party applications such as interactive voice response systems, predictive dialers and payment gateways, etc. The application operates in a Windows environment on Intel-based commodity servers with Microsoft Sequel Server. Versions that support other operating systems including Linux and HP-UX are also available.

About CoreCard Software, Inc.
CoreCard provides real-time cardholder and merchant account management and transaction processing solutions for issuers and acquirers worldwide. Its 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 a subsidiary of Intelligent Systems Corporation (Amex: INS). For more information, call 770-564-8000 or visit www.corecard.com.

* PaySys International, Inc. is a wholly owned subsidiary of First Data Corporation.