Norwest Corporation and Subsidiaries - Page 55

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          department for Norwest Financial, Inc. (Norwest Financial), a               
          Norwest Corporation subsidiary.  Norwest Financial is in the                
          consumer finance business and provides various types of lending             
          products, sales finance, and revolving charge products, as well as          
          data processing services to other unaffiliated consumer finance             
          companies in the industry.                                                  
               Before the development of Success, Norwest Financial Leasing           
          (the subsidiary of Norwest Financial for which Success was                  
          developed) used a system known as Infolease for its equipment               
          leasing business which was not meeting its needs.  The Infolease            
          system was causing delays for the users with respect to month-end           
          data processing which in turn required the system to be off-line            
          for approximately 3 days.  During the time the system was off-line,         
          users had to maintain records manually, and the data could be               
          entered only after the system was on-line and running again.  If            
          problems arose in the month-end processing, the system could be             
          down for 7 to 10 days.                                                      
               NFISG lacked the expertise to maintain or enhance the                  
          Infolease  system.  As  a  result,  NFISG  was  unable  to  make            
          improvements to that system.                                                
               The development of Success required NFISG to use the                   
          networking of various operating system platforms.  In Norwest's             
          leasing offices, where the end users were situated, minicomputers           







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Last modified: May 25, 2011