In a post titled, “How Billing can become a Revenue Generator“, the authors of Telco 2.0 cited the many possibilities for a Telco to use their transaction processing and billing capabilities in other verticals to help solve real business problems. The article first pointed to the reliability and security problems recently in the news about the Oyster Card (an electronic ticket system used by Transport for London (TfL). The article suggests that if a Telco had been offering they Oyster Card services such problems would be much less likely to occur because Telcos have developed the infrastructure to handle high volumes of traffic, we understand the importance of reliability of pre-paid systems, and we know all about the importance of security in payment systems too.
The article went on to cite how a Telco’s transaction processing and billing capabilities can provide significant value to other verticals to include Yield Management in the airline industry and another transport system run by the TfL that enforces traffic congestion charges.
We couldn’t agree more with the article and that is why earlier this year we launched our Transaction Services Platform (TSP) which is available through use of Jaduka’s Transaction Services API. We identified that businesses were having significant problems managing huge volumes of transactions in real-time; much like the article described. Rather than these businesses being able to focus on their own product development and services they were caught up trying to manage their transactions and billing for which they really didn’t have the infrastructure or knowledge to fully support.
Over the past 10 years we’ve developed a solution that has stood the test of time and continues to be future-proof. Using our own Transaction Services Platform we successfully process and bill for over 2 million calls a day, we manage transactions for well over 800 million user accounts, and we are processing close to a million API transactions any given day.
At NetworkIP, we understand the value of security and reliability. We have invested the dollars and resources to develop what is now an award winning solution that can manage your transaction processing and billing needs so your company can maintain its focus on its products and services.