Stay Compliant with Regulations by Employing Trustworthy MVNO Billing Solutions

In the last few years, Mobile Virtual Network Operators (MVNOs) have become an integral part of telecom operations. These virtual operators form a very important link between the MNOs and subscribers by serving those customers who look for services with a difference. As it is impossible for mega operators i.e. MNOs to cater to the interests of each and every subscriber located in a particular region, a window of opportunity opens up for these virtual operators.

The Importance of Compliance in MVNO Operations

Although MVNO business is lucrative and has some perks, it also comes with many obstacles that need to be overcome for safe operation. The first and foremost requirement of MVNO and MVNE success is to create a differentiation in their services with respect to their competitors. And, equally important is their ability to follow the rules and regulations i.e. compliances that are laid down by the regulatory bodies. 

All telecom operations across the globe are controlled by the regulatory bodies e.g. FCC (Federal Communications Commission) in the USA. FCC lays down the compliances and has sovereign jurisdiction over areas such as fair competition, broadband access, radio frequency utilization, media operations, along with public and homeland security. Hence, it is fundamentally important for MVNOs to have the right OSS Telecom and MVNO billing solutions at their disposal, for which, it is crucial to have the right MVNE supporting your business.

Essential Features of B/OSS telecom and MVNO Billing Solutions

B/OSS telecom model of telecom operation keeps on evolving and so does the telecom billing. Hence, it is essential to employ a telecom services platform that comes with all the essential features to support modern-day telecom operations. Have a look at some of these features:

1.      Compliance adherence – Compliances conceptualized by FCC or other regulatory bodies keep on changing frequently. Therefore, your telecom services software should be able to update itself accordingly and make provisions for the new compliances.

2.      Cloud-based billing system – Nowadays, a cloud-based charging and billing system has become a necessity for telcos. With a virtual environment, you are able to scale exactly as per the requirements and handle peak charging requirements with considerable ease. Also, a cloud-based billing system stores vital customer information at several datacenters, which ensures the safety of information even when one site goes down.

3.      Convergence in billing – A convergent billing platform allows you to create a single invoice that reflects charges of all services. A single invoice is preferred by modern-day customers, especially millennials. Also, it brings in a new transparency into the billing procedure and evokes subscriber interest.

APIs – At any time MVNO and MVNE may require new functionalities to perform new tasks. In such cases, software customization can be quite an expensive proposition. A better option is to partner with an OSS telecom and MVNO billing solutions provider that offers APIs for different business use cases. In situations when you need a payment gateway partnership or a shipping service, you can simply launch the API and instantly start using services of your partnering vendor.