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FTS Supports the Dynamic Russian Billing Market

Home > News & Events > Press Releases > 2014 > FTS Supports the Dynamic Russian Billing Market

FTS Exploits its Convergent Billing and Charging Solutions to Successfully Support the Dynamic Russian Market

FTS emphasizes its strength in payments, MVNO, and M2M billing sectors

Herzliya, Israel | June 9, 2014:
 FTS, a global provider of billing, charging, policy control and payment solutions, today announced that it has seen an interest in its solutions growing steadily in the Russian market over recent months. Particular interest has been seen within the MVNO/MVNE, Machine-to-Machine billing, and payments sectors, which represent significant opportunities. Russian service providers are increasingly seeking BSS solutions that increase revenues while delivering an enhanced customer experience.

These sectors, which are often characterized by complex value chains requiring multi-level revenue sharing and partner support, are now turning to FTS to be a key technology partner to help improve efficiency and profitability. This is achieved by the employment of innovative billing solutions that are easily adapted to a service provider’s unique requirements and growth needs.
  • FTS’ convergent billing software provides MVNOs and MVNEs with a powerful billing solution that permits them to independently furnish innovative branded telecom services through pre-configured real-time promotions, pricing plans, loyalty programs, etc.
  • FTS’ M2M billing and policy control solutions can handle a complex range of business formations – telematics, smart grid and other utilities, entertainment, industrial and other areas within the Internet of Things, supporting revenue sharing between numerous parties in multi-partner environments.
  • FTS’ mobile money solution leverages FTS’ proven experience in the telecom billing industry to support the unique aspects of mobile money interactions. FTS’ mobile money solution supports any payment or banking process over the mobile network in real time, at any time. It offers a simple and effective user experience in which a customer is able to conclude a purchase, make payments, or transfer funds through a mobile device with a few simple steps.
  • FTS’ smart payments enabling solution automates the rating, billing and settlement functionality of payment systems, and provides payment service providers (PSPs), online merchants and merchant acquirers with the tools to focus on the e-commerce and m-commerce arena. FTS’ payment solutions enable sophisticated commissioning and revenue sharing models that empower companies to provide individualized payment solutions for a potentially unlimited number of partners in an environment of complex value chains.

“Based on a configurable billing and settlement engine, FTS’ billing solutions – providing multi-dimensional convergence – are ideal for Russian operators interested in expanding into the MVNO and machine-to-machine markets, as well as the realms of ecommerce such as mobile payments, online merchants and digital acquiring,” said Nir Asulin, FTS’ CEO. “Leap™ Billing has proved itself to be a versatile platform that is very suitable for a broad range of pricing and business models within and beyond the telecom sector. Furthermore, FTS provides a complete set of tools empowering service providers to independently manage their operations, with minimal vendor dependency, thereby substantially reducing costs and enhancing time to market.”

As a certified software vendor for the Russian market, FTS has the experience in integrating its applications with local vendors. This includes, for example, integration with network elements and other IT systems. FTS’ solutions are delivered via the cloud or on-premises models and run on a broad range of hardware and on Linux to keep costs to a minimum.

More information is available at http://www.fts-soft.com/category/fts-rus.


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About FTS

FTS works with telecommunications, content and payment service providers globally to help them manage complex transactions and relationships with greater flexibility and greater independence.  Analyzing every transaction from a business standpoint, FTS offers end-to-end and add-on telecom billing, charging, policy control and payments solutions to customers worldwide, and services both growing and major providers. FTS implements solutions, including convergent billing platform installations, in mobile, wireline, broadband, MVNO/E, payments, e-commerce, M2M/IoT, mobile money, cable, cloud and content markets. FTS’ BSS solutions dramatically lower the total cost of ownership (TCO) for telecoms and content service providers. For more information see http://www.fts-soft.com/ and follow FTS on Twitter @FTS_Billing.


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For further information please contact:

 
Joshua PR
Patrick Smith, Tel. +44 077 34 600 553, patrick.smith@joshuapr.com

FTS
Moshe Peterfreund, Tel. +972-9-952-6500, press@fts-soft.com
 

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FTS (Formula Telecom Solutions) provides convergent billing, charging, customer care, policy control and payment software solutions that have greater flexibility and provide greater independence for communications, content and payment service providers, resulting in a dramatically lower total cost of ownership (TCO).  FTS deploys its full range of end-to-end and add-on policy management, telecom billing systems, payment solutions and professional services in mobile, wireline, cable, wireless, content, M2M and the Internet of Things, cloud, broadband, e-commerce and m-commerce companies worldwide, including multiple converged, cross-network billing platform installations.