CAPITAL Corporate News

CAPITAL perfects credit-granting process with C.A.P.S.
June 15, 2005

SIOUX FALLS, SD, – CAPITAL Card Services, Inc. (CAPITAL), a leader in portfolio management and card outsourcing solutions, today announced the launch of its new automated credit-underwriting platform.

With CAPS™ (CAPITAL Application Processing System), CAPITAL adds another improvement to its servicing capabilities by being able to apply consistent, client-defined credit policies through its automated platform. With the use of CAPS, clients can be assured that the credit granting process will maintain its integrity by relying on its business rule-based architecture. CAPS allows clients to system-define every step and criteria for evaluating an applicant's credit profile, including the assessment of each and every field within a given credit bureau file as well as consumer-supplied information collected from the credit application.

"CAPS delivers a bullet-proof approach to the credit granting process and affords our clients a more cost-effective method to underwrite credit applications", adds Jeff Aegerter, President and CEO for CAPITAL. "We can ensure the consistent treatment of a client's business rules throughout the entire underwriting cycle."

CAPS has significantly expanded the business rule options made available to clients in defining their credit decision criteria, including the manner in which workflow is arranged.

"Years of expertise went into the design of this product and we're excited about the feature-rich options we have made available for our clients," said Roni Wegner, Vice President of Systems for CAPITAL. "CAPS increases the accuracy and speed of credit underwriting and sets the stage for our ability to offer an 'instant-approval process' to our client's customers within the very near future."

With CAPS, clients will see an immediate 5% reduction in processing costs from the previous solution and reap the benefits of a more robust decisioning platform, which is able to provide more customization of a client's credit granting rules.