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FICO Announces JPMorgan Chase's Participation in FICO® Score Open Access ProgramSAN JOSE, Calif., March 30, 2015 /PRNewswire/ -- FICO (NYSE: FICO), the predictive analytics and decision management software company, today announced JPMorgan Chase is offering FICO® Scores to its Chase Slate customers for free through the FICO® Score Open Access program. FICO® Scores will be available to all new Chase Slate Customers. Existing Chase Slate customers will gain online access to their FICO® Scores over the course of 2015 as part of a rollout starting in April. "FICO® Score Open Access is ramping up quickly and we're well on the way to our goal of giving all Americans their FICO® Scores for free," said Jim Wehmann, FICO's executive vice president for Scores. "Our program enables forward-looking lenders like Chase to provide an extremely valuable and popular benefit to their customers. In fact, many people are coming to expect access to their FICO® Scores. Chase's participation in the program reflects its commitment to consumer financial education and empowerment." "We want to help our customers make financial decisions with confidence," said Pam Codipoti, president of the Mass Affluent Business for Chase Card Services. "That is why we are providing our Chase Slate customers free access to genuine FICO® Scores, along with powerful educational information that can help them understand their credit standing and financial situation." Chase Slate cardholders will have access to updated FICO® Scores each month, along with tools and resources to help them manage their financial health. By empowering consumers, many lenders participating in FICO® Score Open Access have already seen greater customer engagement and satisfaction, as well as lower delinquency rates. Businesses bought more than 10 billion FICO® Scores last year, and the scores are used in 90 percent of consumer lending decisions in the US. FICO® Score Open Access is the first and only program to give consumers free access to the exact same FICO® Scores their lenders are using. This distinguishes FICO® Score Open Access from programs that offer other credit scores. FICO is the leader in credit risk scoring, and the FICO® Score is the standard measure of consumer credit risk. The largest credit card issuers, auto lenders, mortgage lenders and tens of thousands of other businesses in 20 countries rely on the FICO® Score for better decisions. About FICO FICO: Make every decision count™. Learn more at www.fico.com. For FICO news and media resources, visit www.fico.com/news. FICO and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries. Logo - http://photos.prnewswire.com/prnh/20111010/CG83314LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fico-announces-jpmorgan-chases-participation-in-fico-score-open-access-program-300057639.html SOURCE FICO |