20.5k unique visitors in the last 3 days

Dollars and Cents

Incredibly, I have personally seen more than one telco get its currency units confused when setting up a rate. Pounds and pence, dollars and cents, there is difference of 100 times, and a mistake like that is bound to either cost a lot of money or upset customers an awful lot. An error as simple as that should not need to be caught by revenue assurance, so it says a lot about the nature of error and the lack of controls in telcos that it sometimes needs to be.Any customer might struggle to keep their patience with a telco that cannot understand the difference between dollars and cents. You can never tell if an audio clip posted to the web is real, but if it this audio clip is real you have to feel very sorry for this Verizon customer. It sounds too real to be staged if you ask me. Listen to this poor guy try to explain some basic maths and the difference between a rate quoted in dollars and a rate quoted in cents. This customer service call tells you everything you need to know about a business too lazy...

Incredibly, I have personally seen more than one telco get its currency units confused when setting up a rate. Pounds and pence, dollars and cents, there is difference of 100 times, and a mistake like that is bound to either cost a lot of money or upset customers an awful lot. An error as simple as that should not need to be caught by revenue assurance, so it says a lot about the nature of error and the lack of controls in telcos that it sometimes needs to be.

Any customer might struggle to keep their patience with a telco that cannot understand the difference between dollars and cents. You can never tell if an audio clip posted to the web is real, but if it this audio clip is real you have to feel very sorry for this Verizon customer. It sounds too real to be staged if you ask me. Listen to this poor guy try to explain some basic maths and the difference between a rate quoted in dollars and a rate quoted in cents. This customer service call tells you everything you need to know about a business too lazy to get its rates correct. What makes it worse is that they are then staffed by customer service staff who lack the ability or the sympathy to understand that their customer is right and their “computer” is wrong.

Eric Priezkalns
Eric Priezkalnshttp://revenueprotect.com

During his career, Eric has been a Director of Risk Management for a national telco, the Chief Executive of the Risk & Assurance Group, a Chief Marketing Officer for a software business, a consultant, a public speaker and the publisher of Commsrisk since its launch in 2006. Look here for more about the history of Commsrisk and the role played by Eric.

The comms providers that Eric has worked for include Qatar Telecom, Cable & Wireless, T‑Mobile, Sky and Worldcom. In addition to his proficiency at speaking about the current scamdemic, Eric is also a qualified chartered accountant and a subject matter expert in consumer protection, enterprise risk management, fraud prevention, data integrity and billing accuracy. Eric was the lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He can be reached through the contact form on this website.

Related Articles

The Commsrisk Global Fraud Dashboard


Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.

Get Our Weekly Newsletter by Email