Oracle has announced its 5G-ready cloud-native Converged Charging System to provide fast online and offline charging for any service or payment model. That means service providers can charge users in real-time for rich 5G communications and digital lifestyle offers. This can range from charging for VR cloud gaming to a video health check with a medical professional.
As part of Oracle Communications monetization portfolio, the Converged Charging System provides real-time transaction processing using Oracle Coherence – the in-memory data grid technology.
According to the company, this enables the system to operate at extremely high performance and speed by collocating data with the rating and balance management processing in one centralized location – eliminating time moving data back and forth.
While designed to scale with the needs of 5G, the system also works with 2G, 3G, and 4G, helping to ensure charging reliability regardless of the network.
The Oracle Converged Charging System supports any payment type—prepaid, post-paid, and hybrid – and can rate and charge for any attribute or metric, such as bandwidth or data volume. This allows service providers to create personalized offers, plans, bundles, and subscriptions for any mobile or IoT-enabled device.
In addition to consumer-focused business models, the system is built to support charging for enterprise businesses, governments and B2B2X (business-to-business to any number of end-users) use cases with very large and complex hierarchies, such as charging across multiple departments or pay structures.