business support systems (BSS) for Communications Service Providers (CSPs), has
launched a new release of its Revenue Operations Centre (ROC) Fraud Management
solution
The 7.4 version of Subex’s ROC Fraud Management solution
introduces inline controls for preventing subscription fraud, transaction fraud
and equipment loss at point of sale.
Telecom operators have been involved in money
transactions and it is important for them to have strict policy controls to not
only detect, but prevent fraudulent transactions occurring.
With the help of inline transaction controls, operators
can validate any transaction request in real time and prevent fraudulent
transactions from being processed.
The newest version of our fraud management
solution includes the ability for operators to carry out real-time checks at
the transaction request stage and subscriber acquisition stage and thus
prevents fraudulent transactions and handset loss,””said Sudeesh Yezhuvath,
chief operating officer at Subex.
ROC Fraud Management helps wireless and wireline
operators eliminate known frauds, uncover new fraud patterns, minimize fraud
run time, augment internal controls and support continuous fraud management
process improvement.
The company has implemented a new inline control
framework, which enables service providers to carry out proactive checks on a
new subscriber at the time of customer acquisition.
In result of that, the Point of Sale (PoS) staff will no
longer need to wait until the fraudster is provisioned and detected through
behavioral rules and profiling. The PoS staff can make real-time decisions and
accept, decline or refer any subscriber to prevent fraudsters from entering the
network.
Recently, Subex announced its tie up with Telekom Slovenije, a provider of mobile, fixed
and IP communications, multimedia content, and services to residential and
business users.
As per the agreement, Telekom Slovenije will be expanding
the Subex Revenue Operation Centre (ROC) Fraud Management solution across its
entire group. Telekom Slovenije has presence in Croatia, Bosnia and
Herzegovina, Montenegro, Kosovo and Macedonia.
editor@telecomlead.com
