By Jordi Castellvi, Director of Product Management, Clearing Services
The evolution from a standard IOT to bilateral IOTs has prompted many operators worldwide to become more and more creative in their IOT propositions. Not only has the number of bilateral IOTs increased (MACH has recently seen operators with more than 200 different IOTs implemented with their partners), but there also new types of IOTs emerging.
Some operators define tariffs in the currencies of their partners rather than in their own currency. Sometimes they even define prices in multiple currencies, for example in the partner currency for data services and in their own currency for the other services.
Another trend we are seeing is operators who have retail-driven IOT for data services. This is where operators agree to replicate at the wholesale level pricing models used for retail billing purposes. For example, operators agree to cap the maximum wholesale IOT per day and IMSI to enable the same model for retail purposes by the HPMN.
MACH has upgraded its clearing platform to support the following IOT models both for rating and for checking purposes:
1) Multi-currency IOT support in compliance with TADIG rules regarding IOT currency used in TAP
2) IOT prices for data over LTE, for those who want to charge differently data over LTE
3) Retail-driven data IOTs, such as capped amount per day and IMSI
Using the MACH services, you can implement new IOT models without the hassle of managing complicated and time-consuming credit notes and related reconciliation traffic reports.
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