Intec Selected as Billing Transformer Partner by World-leading Financial Services Company in Multi-Million Dollar Deal
Today, Intec, announced it signed a strategically important eight-figure contract, with one of the world’s premier financial services companies. Even though the entire financial terms were not disclosed, the multi-million dollar agreement covers the supply and implementation of Intec’s Convergent Billing, Customer Management, and Mediation solutions. These market-leading integrated solutions will provide the financial services company with critical competitive advantage by supporting flexible pricing plans for new payment business models, delivering an extended range of current and future fee structures, and enabling this organization to rapidly roll-out new offers targeted at specific customer groups.
“Intec was selected after a very comprehensive evaluation of the leading billing, pricing, and customer care vendors,” said Intec Vice President of North America Fred Brott. “Intec’s track record of quality and on-time delivery to large organizations like AT&T, Deutsche Telekom, and Verizon, combined with the flexibility of the solution, were key factors in winning this contract.”
The telecommunications industry has a long history of supporting complex pricing models. These companies charge for a wide range of transaction types and apply fee structures based on multiple factors specific to both the transaction and the customer. The increasing consolidation in the financial services industry is now driving demand for similar sophisticated pricing and billing solutions.Intec’s solution will form the core of the customer’s pricing and billing transformation program. Transaction records from numerous network sources are collected by Intec’s mediation system for correlation, duplicate checking, enrichment, and the generation of billing events. These enriched records are then passed to the Intec pricing, billing, and customer management system to be priced (on an individual, aggregate, regional, and contract-level basis), billed, invoiced, and settled.
“This new contract win is proof of the sophistication and power of the Billing and Customer Management technology Intec has developed for the Telecom industry,” said Intec CEO Andrew Taylor. “Intec’s technology handles daily transaction volumes in the billions: it supports configurable business logic so that our customers have the flexibility to design unique price plans and it has the power to support the most complex fee structures in real time. This need for high-volume, real-time payment processing is becoming increasingly common across other industries where the quality and accuracy of billing data are critical to customer and partner satisfaction alike.”
About Intec
Intec is a global provider of business and operations support systems (BSS/OSS).
For more information, please visit their website: http:www.intecbilling.com
Related Articles:
- Intec Wins ICT Company of the Year Award Intec Telecom Systems, one of the world’s leading providers of Business Support Systems (BSS) solutions, is the recipient of the ITAG ICT Company of the Year, for Intec’s IT Centre of Excellence based in Galway. ITAG (Information Technology Association Galway), the premier IT association of Ireland, cited Intec’s track record of excellence across all aspects of [...]...
- MetraTech to Supply Billing and Customer Care for Financial Services Infrastructure Provider DTCC The Depository Trust & Clearing Corporation (DTCC) has selected MetraNet™ 6.0, MetraTech’s innovative billing and customer care product, to support its expanding global portfolio of products and services, MetraTech. For its customers, DTCC services more than $1.88 quadrillion in securities transactions a year, which necessitates the use of highly complex discounting algorithms across equally [...]...
- Polkomtel Extends Intec Billing Solution Contract Intec, a global provider of business support systems (BSS) solutions, has won a significant contract extension with Polkomtel, the operator behind Poland’s largest GSM network, PLUS, for Phase 2 of its NBS (New Billing System) project. In a multi-million Euro deal the contract involves the extension of Intec’s Convergent Billing solution (Singl.eView), to service Polkomtel’s [...]...
- Leading Analyst Firm Recognizes Amdocs for Charging, Billing and Partner Management Systems Amdocs (NYSE: DOX), the leading provider of customer experience systems, has been identified by Stratecast, a division of Frost and Sullivan, as holding the largest global market share in service-provider charging, billing and partner management systems. This was reported in Stratecast’s recently-published research series(1) on global billing. “With its strength in addressing the end-to-end billing functions, [...]...
- Intec Receives Award in China for Convergent Mediation Solution Intec, a global provider of business and operations support systems (BSS/OSS), has been recently awarded the prestigious ‘Best Convergent Mediation Product’ honour for its Inter-mediatE product, from Billing China (www.billingchina.com), China’s leading BSS/OSS media outlet. This is the third consecutive year Intec has won the award. The judging panel of senior level officials from local operators, [...]...
- Benin Telecoms SA Chooses Intec for Interconnect Billing and Mediation Intec, a global provider of business and operations support systems (BSS/OSS) has been selected by Benin Telecoms, Benin’s incumbent telecommunications operator, to deploy Intec’s market-leading InterconnecT billing and Total Service Mediation settlement solutions. The implementation will ensure best-in-class operations to deliver a superior customer experience, while preventing revenue leakage and securing increased revenue streams. A robust, [...]...
- Colombia’s ETB Signs Multi-Year Billing Agreement with FTS FTS (LSE: FTS), a global provider of billing, CRM and policy control solutions for communication, content and service providers, recently announced that ETB (Empresa de Telecomunicaciones de Bogot ), the largest local telephone company in Bogot and the second largest telecommunications company in Colombia, has signed an agreement to extend services and support for [...]...
- Connectiva Signs Deal with Videotron to Combat Fraud, Revenue Leakage, Revamp Billing Verification Connectiva Systems Inc., an award-winning provider of revenue and risk management solutions, has told OSS News Review that Videotron, a leader in Canadian Telecommunications, will implement its ONEREViEWTM 5.0 platform. With Connectiva’s integrated Fraud and Revenue Management platform, Videotron can monitor traffic over its wireless, Internet, and cable services, effectively reverse and prevent revenue leakage and [...]...
- Astellia Releases 2008 Financial Results Astellia, leading provider of monitoring solutions to maximize Quality of Service (QoS) management and performance of mobile networks, has announced turnover of 24.98 M€ for 2008, an annual increase of 20%. The net profit ratio is 13% and this provides support for foreign investments aimed at speeding up international expansion (+49%). The net result has [...]...
- City of Chicago Deploys MetraTech’s Billing and Partner Settlement Solution MetraTech Corp., the innovative charging, billing, settlement and customer care product provider has recently announced that its MetraNet™ product has been deployed by the City of Chicago as the billing and partner settlement solution for the Chicago Department of Aviation. The Chicago Department of Aviation includes O’Hare Airport, one of the world’s busiest. The [...]...
