Clearnet Combats Fraud Using Lightbridge's FraudBuster; Canadian Carrier Dramatically Minimizes Fraud Loss Per Case On Its PCS Network.Business/Technology Editors BURLINGTON, Mass.--(BUSINESS WIRE)--April 18, 2000 Lightbridge, Inc. (Nasdaq: LTBG), a leading provider of customer acquisition, retention and risk management solutions for the converged telecom market, today announced that Clearnet Communications Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : NET.A; Nasdaq: CLNT CLNT Concordant Literal New Testament (translation) ) is using Lightbridge's FraudBuster(R)to dramatically minimize fraud losses on its digital Clearnet PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. and Mike networks. Clearnet, a leading Canadian digital wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. company, has been able to catch the majority of fraudulent accounts within 10 days of activation using FraudBuster. Compared to an industry average of thousands of dollars in losses per case, Clearnet has reduced its own fraud loss per case to under $215 (C$300). Currently with more than 600,000 subscribers and expecting to double that within two years, Clearnet is taking proactive measures In antiterrorism, measures taken in the preventive stage of antiterrorism designed to harden targets and detect actions before they occur. to protect its bottom line. "It is imperative for a carrier to be able to quickly activate and implement new subscribers while keeping fraud off the network," said Robert McFarlane For the Canadian politician, see . Robert Carl "Bud" McFarlane (born July 12, 1937), was National Security Advisor to President Ronald Reagan from 1983 to late 1985 and was one of the major players in the Iran-Contra Affair. , Clearnet's executive vice president and chief financial officer. "Through the customization and optimization of FraudBuster, we have been able to maintain a lower headcount in our loss prevention department while maximizing our current analysts' productivity by prioritizing alarms." Lightbridge's FraudBuster allows the carrier to maintain a constant evaluation of the customers' call usage behavior and trends. When suspicious activity appears, an alert is generated. The system detects fraud by monitoring and analyzing how customers use their phones, including when, where and how long the calls are made, roaming details and equipment and network-related information. "Minimizing fraud is a common concern for start-up carriers to established carriers expanding their subscriber bases," said Brian Connolly Brian Francis Connolly (5 October 1945 - 9 February 1997 [1]) was a Scottish rock vocalist, best known as the lead singer for the glam rock band, Sweet. Early life , senior vice president of sales and marketing at Lightbridge. "We empower carriers such as Clearnet with the tools necessary to streamline their fraud departments and catch those subscribers with no intent to pay before it effects the carriers' bottom line." About FraudBuster FraudBuster is a fraud detection and profiling system that not only combats the most pervasive types of subscription and technical fraud but also aids in detecting new types of fraud. The solution choice of more than 30 PCS and cellular operators worldwide, FraudBuster collects call detail records to create individual subscriber usage profiles. It then updates, references and analyzes the profiles on a call-by-call basis to uncover any abnormal activity which may indicate fraud. FraudBuster, designed to handle installed growth, has a distributed architecture for global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. . A highly versatile solution, FraudBuster supports both analog and digital transmission standards, and it is installed and in production in GSM, AMPS, CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. , TDMA (Time Division Multiple Access) A satellite and cellular phone technology that interleaves multiple digital signals onto a single high-speed channel. For cellular, TDMA triples the capacity of the original analog method (FDMA). and iDEN environments worldwide. About Lightbridge Lightbridge, Inc. (Nasdaq: LTBG), based in Burlington, Mass., is a leading provider of software, transaction management and consulting services that help telecom carriers quickly acquire customers and retain them over time. Lightbridge has a flexible solution for service provisioning and customer interaction in the converged telecom market. The Company provides a fully integrated workflow and transaction management process for carrier business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets necessary to quickly initiate bundled service offerings to high value, low risk customers. Lightbridge's Telesto(R), a network of integrated customer acquisition, retention and risk management solutions, leverages these provisioning capabilities with best-in-class credit, fraud, churn, channel and market performance offerings. Lightbridge's clients include ALLTEL Communication, AT&T Wireless Services, CTBC CTBC Computer Take Back Campaign CTBC Cape Town Bridge Club (South Africa) Telecom, Global Telecom, KG Telecom, Omnipoint Communications, Orange plc, Powertel, Sprint PCS, TeleCorp PCS, Telia Telecom A/S, TM Touch, Triton PCS and Western Wireless. Visit http://www.lightbridge.com for more information. About Clearnet Clearnet is a leading Canadian wireless communications company that operates two digital wireless communications networks: Clearnet PCS and Mike. Founded in 1984 and a public company since 1994, Clearnet is an independent Canadian controlled and managed company. For further information, please visit the web site at www.clearnet.com. FraudBuster, Telesto, Lightbridge and the Lightbridge logo are registered trademarks of Lightbridge, Inc. All other trademarks and registered trademarks are the properties of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion