Abu Dhabi – MENA Herald: Emirates Data Clearing House – one of the leading data clearing houses in the MENA region – has signed a partnership deal with XINTEC to use its new world class fraud detection software, FraudStrike. The partnership will add significant value to EDCH’s global customers by providing protection from International Revenue Share Fraud (IRSF), which last year cost the telecommunications industry over $10.7bn.
IRSF is a result of fraudulent use of International Premium Rate Numbers (IPRN), which can generate huge, illegal revenue. This growth in fraud has been fueled by an increase in the number agents that can resell IPRNs, which have increased by 480 per cent in the past five years. FraudStrike is a specific package comprising a database of over 200,000 test-call numbers, and a set of detection techniques developed exclusively by XINTEC to ensure early detection and prevention of IRSF incidents. The result is a major saving in revenue for operators across the globe who are struggling to keep pace with ever-evolving fraud threats.
Commenting on the partnership, Hani Ghibeh of EDCH, said “EDCH customers can now benefit from FraudStrike’s unique fraud detection software, which offers major revenue savings and enhanced protection against unnecessary revenue losses. It is easy and quick to install and provides instant results, making it easily accessible for our customers. We look forward to working with team at XINTEC to deliver this enhanced value added service to our customers over the coming months.”
Rob Durran, general manager, XINTEC, said “We’re delighted to partner with EDCH and deliver FraudStrike to the company’s extensive network of mobile operators across the globe. Together we can offer them unrivalled protection against IRSF, but with none of the cost and resources required by more traditional fraud detection systems.”