19th November 2014
XINTEC, a global supplier of Fraud Management and Revenue Assurance solutions to the telecommunications industry, today announced that its unique PRISM database solution is to be deployed at Ventelo AS.
Ventelo is a provider of mobile and fixed voice services, and the largest Norwegian Mobile Virtual Network Operator (MVNO). The company has a B2B portfolio of mainly blue-chip customers, as well as a portfolio of B2C customers.
Ventelo selected the XINTEC PRISM database for its exceptional capability to detect International Revenue Share Fraud (IRSF). This particular fraud problem has the potential to inflict heavy financial losses on unprotected MVNOs and Mobile Network Operators around the world.
“We are very pleased to work with XINTEC to deploy this unique PRISM database solution to close the remaining gaps within our existing fraud detection capabilities. PRISM will help Ventelo protect its network and customers from the potentially crippling effects of IRSF, of which we have seen many devastating examples in other markets” commented Frode Berge-Eriksen, Billing and Fraud Manager at Ventelo.
Under the agreement, XINTEC will collect and process voice traffic call detail records using its powerful FMSevolution Fraud Management System (FMS), and will then interrogate the PRISM database “on the fly” to detect potential fraudulent call attempts before attacks occur.
PRISM is a database of approximately 40,000 regularly updated International Revenue Share test numbers provided by International Premium Rate Number (IPRN) resellers to test that a revenue share destination and number range can be connected from a given location. These test numbers, if used correctly in a hotlist, are an extremely useful tool to alert telecommunications operators of a pending or live IRSF attack.
“We are delighted to welcome Ventelo to the growing list of customers availing of our fraud protection services” notes Sean Killeen, XINTEC CEO. “PRISM has proven to be an effective, inexpensive and easily accessible early warning tool for both IRSF and Wangiri Fraud and we look forward to developing a close working relationship with Ventelo to deliver the full benefits of this solution.”