In the world of telecoms, when a consumer makes an international phone call or receives a SMS from an app, from banks or from other services, these calls and messages are traded in wholesale between telcos just like commodities or securities.
These international calls are often referred to as “Voice Traffic” whilst such SMS is referred as “Application to Person (A2P) SMS Traffic”.
Telcos aggregate Voice Traffic and A2P SMS using specialist switching and routing equipment known as Switches and Message Centers. Switches and Message Centers are used to interconnect between telcos so that Voice Traffic and A2P SMS can be exchanged between one another.
A telco will use specialist software to manage the business and operation in order to provision, rate, route, bill and monitor the Voice Traffic and A2P SMS being traded with other telcos.
These markets and its trading activities are driven by price and quality, which are managed by the specialist software the telcos have deployed in their networks. Thus creating a dynamic trading environment, where a telco can pay its supplier X and charge its customer Y for either Voice Traffic or A2P SMS. As long as Y is more than X, the telco has made a profit.
The combined Voice and SMS markets represent $160 Billion in global annual revenues for the telecom industry. Due to the technical nature and large revenues of the industry, telcos have often employed large teams of people to manage the technical, sales and finance departments of such trading activities.
CommSettle is All-in-One software with managed Switches and Message Centers, that simplifies the user experience for telcos and industry professionals to provision, rate, route, bill, monitor and GET PAID for their Voice Traffic and A2P SMS.
The days of needing huge teams to manage your Voice or SMS business are in the past. On CommSettle, a single person can trade Voice Traffic and A2P SMS with thousands of other telcos, seamlessly managing technical elements and financial processes, saving time to focus on sales and revenue generating activity.
CommSettle delivers many automations, making the ability to trade Voice Traffic and A2P SMS simple and accessible to any stakeholder in the telecom industry, regardless of discipline, profession or experience.
CommSettle removes the barriers of entry into this marketplace for any entrepreneur ready to monetise their relationships in this industry.
CommSettle goes above and beyond, by delivering the solution with integrated bank accounts in the name of the telco and enforcing “Real-Time Settlement” of Voice Traffic and A2P SMS between telcos.
Telcos can trade with one another in a safe environment, without any risk of exposure from credit default and always being assured of payment, not monthly, weekly or daily, but in “Real-Time” based on the Voice Traffic or A2P SMS received.
So where a telco agrees to pay its supplier X and charge its customer Y for either Voice Traffic or A2P SMS. The telco will receive Y from its customer, and pay its Supplier X using CommSettle, without any risk of not being paid and locking in profits.
CommSettle is the only solution in the market that offers direct telco to telco REAL-TIME Settlement, without any third-party hubbing, in any currency (FIAT or Digital). The complexity of Voice and SMS networks is fully managed, simplified and delivered as a web app accessible from any device with internet access.
Every telco operating their Voice or SMS business on CommSettle is provided with a Switch or Message Centre, each with a Public IP address for SIP interconnects or SMPP Binds.
These are integrated with our software where you can provision interconnects/binds, rates, routing, and QoS based actions with automated rate management, billing, credit control and settlement of traffic exchanged via the integrated bank accounts Opt1mize provide.
Assume you’re selling your route to a customer, however, you’re unable to get credit terms approved nor is the customer willing to prepay. With CommSettle, as long as your customer has money in their bank account, you will be paid in REAL-TIME, into your own bank account based on the traffic the customer is sending you. When the customer runs out of money, the traffic to you is blocked.
Now put yourself in the shoes of the customer. You find a supplier, with a route and rate you like. The supplier won’t provide credit terms, and you’re unwilling to prepay. With CommSettle, you deposit funds into your own bank account, and your supplier is paid in REAL-TIME based on the traffic you send them. When your money runs out, the traffic to your supplier is blocked. You can, of course, deposit more funds to run more traffic.
Medii8 is banking infrastructure and financial technology developed by Opt1mize. Medii8 bank accounts are integrated with CommSettle creating an eco-system that automates settlement of trading activity for the telecom industry.
The Medii8 bank account is like any other bank account, where a telco would receive an Account Number for USD, EUR and/or GBP currencies as well as associated routing numbers (ABA/ACH, BIC or Sort Code respectively).
The Medii8 bank account is provided in the name of the telco to use simultaneously with CommSettle, and can accept SWIFT, GBP Faster Payments, EUR SEPA and USD ACH payment methods.
Opt1mize will perform a complete Know Your Customer and Anti-Money Laundering checks on ALL telcos joining the eco-system in line with our Anti-Money Laundering and Counter-Terrorism Financing policies.
When Opt1mize delivers the CommSettle solution, the telco receives a unified interface for CommSettle with Medii8 Online Banking. A telco can use Medii8 to manage beneficiaries and payments as well as any foreign exchange contracts where applicable.
The biggest risk to the success of your business is the ability of your customers to pay, but pay in a consistent fashion so that you can maintain your supplier relationships.
Sell your route to any telco using CommSettle within the Medii8 eco-system, as long as they have money in their Medii8 account, you are guaranteed to get paid the rate you offered. But paid in REAL-TIME.
Don’t take risks by offering what you deem are small credit limits of $3k, sometimes even $5k to chase new business. A single bad debt of $3k, $5k or larger erodes your profits and working capital. Multiple bad debts can be catastrophic.
The same rule applies when chasing new routes from new vendors. Don’t be fooled by the low rates offered for prepayment. Bad debts can occur from prepayments that are not fully recovered.
Through a simple interface you can trade Voice and SMS with existing relationships on your agreed terms whilst introducing new customers and new suppliers with REAL-TIME settlement.
Very simply, by interconnecting (voice) or binding (SMS) your existing infrastructure to CommSettle.
If you’re selling routes via CommSettle, collect the traffic in CommSettle and payments in Medii8, and send the traffic to your existing infrastructure and money back your current bank account. Simply provision your interconnect or binds accordingly to allow this.
Alternatively, if you’re buying routes from another CommSettle user, send traffic from your existing infrastructure to CommSettle. As long as you have funds in your Medii8 account, your traffic will flow to your vendors in the Medii8 eco-system.
Yes, your money is completely safe!
Medii8 bank accounts are segregated and safeguarded ledgers meaning that your funds are held separately from the funds of Opt1mize. There is no relation between the funds in your bank account and Opt1mize, so no one can lay claim to money in your Medii8 account other than your company.
So no matter what happens to CommSettle, Medii8 or Opt1mize, the money in your Medii8 account will always belong to your company.
Yes, Opt1mize is currently an Electronic Money Institution Agent in the UK and Luxembourg.
What this means is that if your company is based in a jurisdiction supported under E-Money regulations, then you can use the Medii8 account to make payments to your suppliers or staff as well as receive payments from your customers.
Opt1mize will remain an Electronic Money Institution Agent until we have our operations and processes in place to become a fully regulated EMI with the Central Bank of Ireland.
If you have any questions regarding Opt1mize Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) policies, please email us at MLRO@opt1mize.com.
Our introducers are at the hub of our CommSettle community and Medii8 eco-system.
Opt1mize has been working closely with our introducers to refine the CommSettle solution. With their input and industry insight, we are able to deliver the User Experience available today.
Our introducers are experts with the CommSettle solution, therefore they can provide assistance and guidance on reaping maximum benefits from CommSettle as well as the Medii8 eco-system.
Opt1mize provides 1st Line Support direct to each CommSettle user via our Service Desk and Slack Channel. Our introducers do not have access to your software or your support requests. Your company data is protected under our Terms and Conditions and Privacy Policies.
Your introducer is your gateway to increasing your revenues, profits and cash-flow using the CommSettle platform and Medii8 eco-system. Contact your introducer today and discuss how your operation could benefit from CommSettle.
Our introducers are at the hub of our CommSettle community and Medii8 eco-system. They are experts with the CommSettle solution as well as the industry we serve.
If your company has the capabilities to become solution experts for CommSettle, and can demonstrate having the necessary experience and relationships to benefit the CommSettle community, then get in touch and let’s have a chat.
Coming very soon, we will be introducing 3 major innovations to benefit CommSettle users via the Medii8 eco-system. Opt1mize aims to bring traffic and liquidity to the Carrier Interconnect Trading industry, and we aim to do this with the following:Credit Insurance
Opt1mize is initially working with Euler Hermes on delivering Credit Insurance to the Medii8 eco-system.
The Credit Insurance solution will be delivered to telcos using CommSettle in the same manner and model as Medii8 fees, where we will collect a small percentage based on the revenue received from the Insured Customer.
Opt1mize aims to deliver the solution as a pay-per-use service as opposed to premiums that are often paid in advance of the policy going live.Trade Finance
Opt1mize is initially working with a global financial group that is ranked as one of the top 50 global asset managers with close to $400B in management.
The Trade Finance solution packaged with Credit Insurance will provide telcos using CommSettle with the ability to receive REAL-TIME payment for traffic received from the Insured Customer. This solution like Credit insurance will be delivered as a pay-per-use service.
Opt1mize is still finalising the operational and commercial model with the aim of disrupting the expensive Trade Finance providers serving our industry today. We are focusing our efforts on a legal and commercial structure such that CommSettle users are charged fixed rates based on the payment terms underwritten for Credit as well as removing penalties for members if or when debtors pay late.Markets
A CommSettle Market is where we transform a telco into an Exchange.
Through this Exchange structure, CommSettle users will be able to bid on live traffic from the Market and receive REAL-TIME payment. The Market solution is packaged with Credit Insurance and Trade Finance to facilitate REAL-TIME payments.
Opt1mize is working with two Tier-1 operators with traffic revenues in excess of $3B per annum on deploying the Market solution for their traffic and routes, initially based on a Proof of Concept model.
During Beta testing of CommSettle Markets, we will invite CommSettle users to interact with the Market solution.New Features - CommSettle and Medii8
In addition to the above Medii8 eco-system innovations, we will be delivering a number of additional features that we hope will improve the User Experience of CommSettle and Medii8:
For further information or insight for the new innovations and features we are currently working on, please speak with your introducer who can advise further.