Financial clearing and settlement is one of those intricate processes that a Mobile Network Operator (MNO) has to handle. Apart from the costs, complications and the need for in-house expertise, mandatory compliance to GSM regulations makes financial clearing a complex and cumbersome operation. Outsourcing such a complex, time-consuming process to a reliable provider like MACH saves a considerable amount of money, manpower and hassle for the MNOs.
Keeping in mind the need for more efficient clearing and settlement services, MACH has launched a series of enhancements to its industry leading financial clearing and settlement solution for mobile operators. Version 2.0 streamlines the clearing and settling of all roaming, SMS Interworking (IW) and mobile content transactions for mobile operators, offering even more control and greater visibility of the entire process. Enhancements include features such as integrated settlement of mobile content traffic, SMS Interworking traffic, Integrated wholesale discount management and enhanced business intelligence tools that provide MNOs with full visibility.
The new MACH solution enables mobile operators to easily settle with content and application stores in the currency of their choice, drastically simplifying a complex process involving multiple currencies and large numbers of content partners. When coupled with its Mobile Payment Gateway solution, which enables subscribers to pay for content and apps through their mobile phone bill (a method proven to improve payment success by up to 13 times when compared with credit card payments on mobile phones*), MACH is one of a very few providers who can now offer a global settlement capability integrated with one click billing.
In the words of Bernard Eymael, Business Development Director at MACH: “The ability to react and reconcile is fundamental to today’s mobile operators. Outsourcing financial settlement transactions means that they are able to not just simplify but also to significantly speed up the process – receiving one financial statement which captures all roaming, SMS IW and mobile content payments.”