Magnum Selected by Ford Motor Credit Company for Credit Data Retrieval and Processing Services

Magnum's analytic and credit software applications to benefit Ford Motor Credit's national network of dealers

ATLANTA, Oct. 7 -- Magnum, a leader in credit data access, analysis and decision applications, today announced that Ford Motor Credit Co., a subsidiary of Ford Motor Co., has selected Magnum to provide credit data analysis through its flagship licensed solutions CREDICHECK(R) and RapUp(R).

"The implementation of Magnum's solutions will enable Ford Motor Credit to make more accurate decisions on consumer finance loans," said Carl Eikhoff, chief executive officer of Magnum. "This will benefit their entire dealer network because they'll be better able to identify the profitable customers, and they'll be able to instantly offer finance products better aligned with the customer's qualifications."

Under this agreement, Ford Motor Credit will use Magnum's robust credit report retrieval tool, CREDICHECK, to quickly retrieve the most up-to-date consumer credit information from the major credit data bureaus. With Magnum's RapUp report data analysis tool, Ford Credit can create, maintain and update the characteristics used in its credit decision process. RapUp is so IT user- friendly; Ford Motor Credit's authorized employees will be able to make adjustments to credit policies themselves, without relying on costly IT personnel. Additionally, since Magnum rigorously maintains its interfaces with dozes of information providers, Ford Motor Credit will benefit from access to the most current content and products available.

"Flexibility is an essential aspect of our service offering for Ford Motor Credit," said Joe Cash, senior vice president at Magnum. "We've designed our solution set to be adaptable, which enables our customers to easily change their credit parameters to respond to market fluctuations. Magnum's constant communications with the credit bureaus ensures that we are working with the most current products, services and information these entities provide, which in turn affords Magnum's customers the most accurate data available."

About Magnum

Founded in 1976 as Magnum Communications, Limited, Magnum is a leader in credit data access, analysis and communications. The company offers a wide variety of products and services that enable lenders to make informed, automated decisions regarding credit risk. Using Magnum's powerful tools, clients can easily access and retrieve relevant data from a broad range of U.S. and international consumer and commercial data sources. Magnum enables its clients to maximize the value of this data to control both scoring attributes and decision criteria. For additional information about Magnum, please contact Ray Bridenbaugh at (770) 952-4940 or visit the company's Web site at www.magnum.net .