Tuesday, 25 July 2017

MACH warns lack of roaming fraud protection could equal losses of $5bn

MACH
Tuesday 26 May 09

Luxembourg, 26th May 2009 – MACH, the leading provider of solutions to simplify and accelerate the creation and operation of the mobility supply chain, warned today that it expects roaming fraud to cost mobile operators $5 billion globally in 2009 as many operators around the world have yet to comply with NRTRDE recommendations. Consequently, fraud will shift to those who are less well protected. “Perpetrators of roaming fraud rely on poor operator visibility and slow inter-operator processes to profit at the operators&rsquo…

Luxembourg, 26th May 2009 – MACH, the leading provider of solutions to simplify and accelerate the creation and operation of the mobility supply chain, warned today that it expects roaming fraud to cost mobile operators $5 billion globally in 2009 as many operators around the world have yet to comply with NRTRDE recommendations. Consequently, fraud will shift to those who are less well protected.

“Perpetrators of roaming fraud rely on poor operator visibility and slow inter-operator processes to profit at the operators’ expense,” says James Stewart, Director of Fraud Product Management at MACH and Chairman of the Roaming Sub-Group of the GSMA Fraud Forum. “Many operators are re-evaluating the use of their existing fraud detection measures, looking for ways to reduce expenditure. Their margins are under pressure from increasing roaming tariff regulation and competition but they cannot afford to increase their exposure to fraud and their subscribers will not accept any disruption to service caused by fraud prevention.“

MACH clears two out of every three roaming calls on GSM and CDMA networks and settles more than 60% of global inter-operator wholesale invoice amounts. MACH has well over 300 NRTRDE clients, and a rapidly growing Fraud Protection client base that is doubling every 6 months.

“Minimising mobile fraud losses is about the rigorous execution of 4 key disciplines,” James Stewart went on to say. “It’s about timely visibility, quick analysis, intelligent investigation and rapid action.”

MACH’s range of fraud detection and prevention solutions comprising Data Express, Fraud Express and Fraud Protection, not only provides an early-warning mechanism for fraud prevention, they also provide the roaming data that allows operators to better understand customer behaviour. These strong fraud prevention measures enable MACH’s clients to reduce barriers to roaming, which helps them to increase their revenue from roaming subscribers.

MACH’s dedicated Global Roaming Competence Centre delivers near real-time visibility into the usage information for all roaming subscriber events. MACH detection systems are constantly updated to allow analysis based on the latest characteristics of fraudulent behaviour, enabling early identification and monitoring of suspicious subscribers.

MACH’s fraud protection systems reduce fraud losses by increasing visibility and reducing reporting time delays. At the same time, the cost of investment in new systems and new incoming NRTRDE data flows is eliminated.

Ends

Enquiries
Sophia Bødiker
Global Marketing Project Manager, MACH
spa@mach.com
+45 45902024


About MACH
MACH unlocks the potential of the mobile business eco-system by providing the core conductor which equips any industry player to enable and handle any tele-application or interaction, on any technology, anywhere in the world.

MACH’s suite of technology platforms simplifies and accelerates the creation and operation of the mobility supply chain. It is the conduit that connects the mobile market community and extends compatibility, quickly and at low cost, through a multi-faceted portfolio of solutions.

Through MACH, any industry player can harness market diversity and complexity to realise innovative business models and unlock consumer-centric services for the end user, regardless of location, device and technology.

Originally founded in 1987, MACH has merged with, and today incorporates the experience and expertise of, market-leaders such as Dan Net, Cibernet, End2End and PROGRATOR|gatetrade. MACH employs 1,000 people serving over 600 customers worldwide.

MACH is a proud member of the GSMA and CIBER industry organisations, the Wireless Broadband Alliance (WBA), WiMAX Forum, Rural Cellular Association (RCA), CDMA Development Group (CDG) and CTIA.


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