Today Fair, Isaac and Company, Inc. (NYSE: FIC) announced a multi-year alliance with Intuit Inc. (NASDAQ: INTU) to introduce millions of Quicken® software and Quicken.com customers to Fair, Isaac's credit empowerment tools, starting with easy access to Score Power® comprised of their FICO® scores and Equifax credit reports for snapshots of their credit health. Over two million consumers visit Quicken.com each month, and approximately 15 million consumers use Quicken software today.
As part of the agreement, Quicken and Quicken.com customers will gain direct access to www.myFICO.com which features Score Power, the only online credit management tool for consumers that provides Fair, Isaac's FICO credit score, their Equifax Credit Profile® and a personalized analysis of their score with suggestions for improving and maintaining it. ScorePower was jointly developed by Fair, Isaac and Equifax.
The FICO personal credit score service will be the exclusive direct-to-consumer personal credit score service promoted in Intuit's Quicken software and via Quicken.com during this relationship.
"Our alliance with Intuit will expand access to www.myFICO.com for a great many US consumers," said Sue Simon, Fair, Isaac vice president of myFICO. "It opens the way for people to take better control of their financial standing and attract the credit offers they deserve. In just eight months myFICO.com has received an overwhelming response from consumers who want to know and improve their credit potential. By helping its users access and understand their credit information, Intuit is adding value to its Quicken and Quicken.com products and helping its customers reach their financial goals."
The FICO score is the "gold standard" score used by the great majority of financial institutions to make billions of credit decisions each year, including more than 75 percent of mortgage loan originations. More than 40 of the nation's 50 largest financial institutions rely on the FICO score to determine an individual's credit worthiness.
About Fair, Isaac
Fair, Isaac and Company is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years. Headquartered in San Rafael, Calif.
Fair, Isaac and FICO are trademarks or registered trademarks of Fair, Isaac and Company, Inc., in the United States and/or in other countries. Score Power and Equifax Credit Profile are trademarks of Equifax, Inc. Intuit and Quicken are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other product and company names herein may be trademarks of their respective owners.
