Foschini Celebrates Ten Years of TRIAD Success

Cape Town, 10 May 2005 – The Foschini Group, one of Africa’s largest fashion retailers, is celebrating their 10^th anniversary of implementing the TRIAD^TM adaptive control system today.

TRIAD, from Fair Isaac Corporation, is the world’s leading account and customer management system, providing sophisticated risk management and credit marketing functionality to banks, retailers, telecoms and utilities. Foschini uses a number of TRIAD decision areas which have generated significant year on year improvements in the customer management of their private label cards portfolios.

To commemorate this landmark event, Foschini, PIC Solutions and Fair Isaac personnel are celebrating at a TRIAD 10 Years Anniversary Lunch in Cape Town.

Terry Weyer, Credit Planning Director at The Foschini Group, states, “We have enjoyed major benefits from TRIAD over the last ten years and we look forward to more successful years to come. The combination of TRIAD software, PIC Solutions consulting expertise and our own risk management team has proven to be very successful in generating better credit decisions and results every year. Today’s anniversary lunch is for all those people that played a role in making TRIAD such a great success in our business.”

Stephen Leonard, Managing Director of PIC Solutions, adds, “We are impressed with the great results that Foschini has achieved from using TRIAD to manage their credit cards over the past ten years. Over this time, PIC Solutions consultants have developed a close working relationship with the Foschini credit and risk management team and we are delighted to be celebrating this TRIAD milestone with them.”