Wing Lung Bank Selects FBS Software

Equifax's International Expansion in Asia Accelerates

ATLANTA and HONG KONG, March 6, 1996 -- Equifax's FBS Software today announced that Wing Lung Bank of Hong Kong had licensed FBS' proprietary software systems for credit card processing and merchant portfolio processing and accounting.

Wing Lung will use FBS Software's products -- The Bankcard System and The Merchant System -- for managing all its bankcard issuance and processing needs. The decision by one of the Pacific Rim's leading banks marks an acceleration of Equifax's international expansion in the financial services field in Asia and the Pacific.

"Wing Lung is a highly regarded financial institution in Hong Kong and we are proud they chose FBS to help launch this new business endeavor," said Gary Shirley, FBS president. "FBS' credit card expertise will play a major role in the formation of their card operations and processing functions."

The Bankcard System is a flexible, on-line software system for mainframe computers that card processors can tailor to their specific needs. Real-time processing, fraud monitoring, enhanced customer service options and centralized account administration are just a few of the advantages the system provides.

The Merchant System, an adaptable, on-line software system for mainframe computers, makes merchant processing more profitable, from transaction authorization through billing. The system easily handles large volumes of transactions while maintaining processing speed and control.

Ms. Alice Wong, assistant general manager at Wing Lung Bank, said, "It was critical for our organization to select a company that offered reliable, cutting edge software systems and that had proven expertise in the bankcard business. We selected FBS because they provided both."

For more information on FBS Software, contact Mark Wingate, FBS vice president, at (404) 847-9988, or write to 1150 Lake Hearn Drive, NE, Suite 500, Atlanta, GA 30342, USA.

Hong Kong-based Wing Lung Bank is one of the premier financial institutions in Hong Kong.

Atlanta-based FBS Software develops and licenses mainframe and Unix-based software for payment card processing, merchant portfolio processing and collections. Incorporated in 1986 as First Bankcard Systems, the company became a wholly-owned subsidiary of Equifax Inc. in 1994. Leading financial institutions in the United States, Canada, the United Kingdom, Australia, Hong Kong, Thailand, and Turkey have turned to FBS for expert and innovative solutions in the collections and electronic payment industries.

Equifax Inc. (NYSE: EFX), committed to Global Information Leadership in the Information Age, is the leading provider of information services that help grant credit, authorize and process credit card and check transactions, insure lives and property and control healthcare costs. Established in 1899 in Atlanta, Equifax today employs 14,000 people throughout North and South America, the United Kingdom and continental Europe. Revenues for the 12 months ended Dec. 31, 1995, exceeded $1.6 billion.