Danish Telecommunications Operator Telia Chooses Lightbridge's FraudBuster to Combat Fraud.BURLINGTON, Mass.--(BUSINESS WIRE)--June 8, 1999-- System Designed To Keep Newly Converged Network The integration of the telephone system with IP-based data networks. See softswitch. (networking) converged network - A single network that can carry voice, video and data. One Step Ahead of Fraudsters Lightbridge, Inc. (Nasdaq:LTBG), a leading provider of customer acquisition and retention solutions for the global telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry, today announced that Telia Telecom A/S, the new Danish telecommunications operator and subsidiary of Telia Sweden, has selected Lightbridge's FraudBuster(R). Telia's network offers converged mobile and wireline services. Telia will use FraudBuster to reduce losses attributable to subscription and technical fraud and support proactive fraud management policies to safeguard itself in the future. FraudBuster not only combats the most pervasive pervasive, adj indicates that a condition permeates the entire development of the individual. types of subscription and technical fraud but also aids in detecting new types of fraud. "Telecommunications fraud is an international, borderless problem and can hit operators' profits hard," said Henrik Fabricius, division manager at Telia Telecom A/S. "Our strategy with FraudBuster is to always stay one step ahead of the fraudster fraudster Noun a person who commits a fraud; swindler ." "We have always taken fraud extremely seriously and established an anti-fraud department when we began offering services in Denmark to protect our network. By using FraudBuster we will be able to set the standards for how a cost-efficient fraud prevention operation should work and demonstrate a return on that investment in the near-term," he added. Prior to implementing FraudBuster, Telia operated a sophisticated billing system and had developed its own internal policies around it for combating subscription fraud. In order to support future growth they needed a more advanced software system specifically designed to protect the network and detect fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. behavior. "FraudBuster will make a significant impact on identifying fraud in the Danish market. It is an effective tool in detecting and managing fraud quickly to further secure an operator's network," said Lisa Modisette, managing director of Lightbridge Technologies, Ltd. (Lightbridge's European subsidiary). About Lightbridge Lightbridge, Inc. (Nasdaq:LTBG), based in Burlington, Mass., is a leading provider of software-based services that help global telecommunications carriers quickly acquire customers and retain them over time. Lightbridge has leveraged its credit processing expertise into solutions that help carriers quickly and cost-effectively provide bundled services through new channels. Telesto(tm), Lightbridge's network of integrated customer acquisition and retention solutions, provides best-in-class credit, fraud, churn churn: see butter. , channel and market performance solutions to such clients as ALLTEL Communications, AT&T Wireless Services, Global Telecom, KG Telecom, Omnipoint Communications, Orange plc, Powertel, Sprint 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. , TeleCorp PCS, TM Touch, Triton PCS and Western Wireless. It is the only complete, workflow-enhanced system for customer interaction in the converged telecommunications marketplace. Additional information on the Company can be found on the Web at http://www.lightbridge.com. About Telia Telecom A/S Telia in Denmark is one of the leading telecom suppliers in Denmark. Telia has more than 450,000 company and private customers and supplies the Danish market with fixed telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. (national and international), mobile telephony (GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. 1800), Internet solutions, datacom, cable-TV, telephone directories and other communications solutions. Telia had a turnover in 1998 of 1.5 billion DKK DKK In currencies, this is the abbreviation for the Danish Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Telia in Denmark is a 100% owned subsidiary of Telia AB Sweden, one of the leading suppliers of telecom-based information services See Information Systems. in the Nordic/Baltic region. Today, Telia AB has 6 million private persons and companies as customers. With more than 30,000 employees and sales of more than 50 billion Swedish Kroner, Telia is one of the largest groups in the Nordic region. FraudBuster is a registered trademark and Telesto, Lightbridge and the Lightbridge logo are trademarks of Lightbridge, Inc. All other trademarks are the properties of their respective owners. |
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