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To: Bouf who wrote (87805)	8/4/1999 12:55:00 PM
From: DanielleC	Respond to of 119973

Policy Management Systems Corporation AnnouncesMarketing Agreement with InfoGlide Corporation Fighting Fraud Before the Claim is Paid COLUMBIA, S.C., Aug. 4 /PRNewswire/ -- Policy Management Systems Corporation (NYSE: PMS) (PMSC) announced today a business relationship with InfoGlide Corporation of Austin, Texas, bringing powerful fraud detection technology to the worldwide insurance industry, including self-insureds and third party administrators. PMSC has agreed to remarket InfoGlide's Fraud Investigator(TM) and Tornado products, enabling PMSC's clients to proactively search across multiple databases in their efforts to detect fraud. The agreement was signed in the second quarter of 1999. PMSC, InfoGlide and the National Insurance Crime Bureau (NICB) are integrating InfoGlide's powerful Java-based search technology with the NICB database and PMSC's next generation claims systems to provide proactive fraud detection. PMSC evaluated the major fraud detection systems in the industry. It selected InfoGlide after rigorous reviews and interviews with the leading insurers and vendors in the industry. Steve Francis, vice president of PMSC's Claims and Benefits Solutions Business Group, said, "There were many tools out there, but the InfoGlide technology cross-searches multiple databases instantly, reducing the chances of paying a fraudulent claim in the first place. We will continually add intelligence to their core technology to revolutionize proactive fraud detection." "PMSC is incorporating the Similarity Search Engine(TM)(SSE) into its world class claims systems to fight fraud at the first notice of loss," said John J. Valentine, CEO of InfoGlide. "Previously, all fraud discovery has been after the fact -- after the claim was paid." The Fraud Investigator and Tornado products are based on InfoGlide's unique, patented Similarity Search Engine, which is capable of integrating and searching millions of records in disparate databases within an insurance company. The SSE eliminates the need to reformat and "scrub" data before it can be used, thus dramatically reducing implementation time and effort. Incomplete and "dirty" data can then be searched easily for exact or similar matches. The SSE measures the degree of similarity and ranks the results based on how closely they match the target. Entire profiles, including many data elements such as name, address, date of birth, social security number, and vehicle identification number can be searched simultaneously to find a "best match." This is particularly important since clever criminals constantly change key identifiers to avoid detection. "With more business being transacted through eCommerce, there is a greater need for instant notification of potential fraud," said Francis. "Even 15 minutes is too long. Proactive, real-time searching is vital to any insurer who will process claims via the Web." The NICB is a not-for-profit organization dedicated to combating insurance related crime. It receives support from approximately 1,000 property & casualty insurers and self-insured companies. NICB agents work in partnership with insurers and law enforcement to identify, investigate and prosecute organized rings, corrupt professionals and repeat offenders. InfoGlide is implementing fraud detection with leading insurers and data warehousing, services, ERP, and platform vendors to extend the value of the company's products and services, including the Similarity Search Engine. Information on InfoGlide's products and services is available at infoglide.com, by e-mail at info@infoglide.com, or by phone at (800) 338-2441. PMSC, headquartered in Columbia, S.C., is the leader in providing enterprise and electronic commerce application software, professional services, and outsourcing designed to meet the needs of the global insurance and related financial services industries. Information on PMSC and its products and services can be found on the World Wide Web at pmsc.com . SOURCE Policy Management Systems Corporation CO: Policy Management Systems Corporation; InfoGlide Corporation; National Insurance Crime Bureau ST: South Carolina, Texas IN: CPR INS SU: LIC 08/04/99 11:52 EDT prnewswire.com