Equifax Card Solutions Selected By Asianbank In Philippines

ATLANTA and MANILA, August 27, 1997 -- Equifax today announced that AsianBank, one of the Philippines' leading financial institutions, has selected Equifax Card Solutions to provide the computer software to upgrade its credit card processing systems.

AsianBank will license Equifax FBS Software for its UNIX card processing system. By first quarter, 1998, when the installation is complete, Asian Bank will be able to offer its revolving credit customers greatly enhanced service and an array of credit card products. Financial terms of the new license agreement were not disclosed.

Larry Towe, senior vice president and general manager, Equifax Card Solutions, said, "Equifax expansion into the Philippines fits our global strategy for the Asia/Pacific region. We look forward to serving AsianBank in Manila as our first of many customers in the Philippines." Equifax's credit information and innovative decision solutions products will also be available to Philippine customers.

Dan Ibarra, vice president and card center manager of AsianBank, said, "AsianBank's entry in the credit card industry comes at an opportune time in light of the aggressive trends currently observed in the Philippine economy. We expect that the Equifax-FBS Software solution will provide significant support in this pursuit."

Equifax Card Solutions, based in St. Petersburg, Florida, is the leader in providing third-party card processing solutions to credit unions and independent banks throughout the U.S. Equifax also develops and licenses mainframe and Unix-based FBS Software for payment card processing, merchant portfolio processing and collections. Leading financial institutions throughout the world -- in the United States, Canada, the United Kingdom, Australia, China (including Hong Kong), Thailand and Turkey -- have turned to Equifax for expert and innovative solutions in the electronic payment industries.

For more information, contact Rob Smith, vice president, sales, at 813-556-9000 or write to 11601 Roosevelt Boulevard, St. Petersburg, Florida, 33716.

Equifax is a world leader in providing financial information and processing solutions, with global operations in consumer and commercial credit information services, payment services, software, modeling, analytics and consulting and direct-to-consumer services. The company serves many industries including banking, finance, retail, credit card, telecommunications and utilities and health care. Equifax was founded in 1899 in Atlanta and today has 10,000 employees around the world. It operates globally in 17 countries, with sales in 40 countries. Equifax (NYSE: EFX) revenues for the 12 months ended June 30, 1997, were just under $1.3 billion.