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Jersey Telecom acquires fraud fighter Spectrum Message Services

Jersey Telecom (JT Group) strengthens Mobile Intelligence Solutions with Spectrum Acquisition Jersey Telecom (JT Group), a government-owned global connectivity and business solutions provider headquartered in the Channel Islands, has expanded its Mobile Intelligence offerings by acquiring Spectrum Message Services, an Australian-based company.

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Spectrum specialises in connecting mobile platforms with transactional back-end systems and enjoys global partnerships with top-tier payment software and service solution providers. These collaborations facilitate the interactive communications between fraud detection platforms and consumers, improving customer service as well as efficiency, for financial institutions, retailers, and processors worldwide. Spectrum's flagship product, MoneyGuard, is a mobile alert system that has garnered significant popularity worldwide, serving clients in the US, Canada, Mexico, Europe, South Africa, Australia, and New Zealand. Spectrum’s customers process transactions for in excess of 120 million consumers using cards, accounts, and other electronic payment forms.

MoneyGuard is a multi-channel, multi-host solution designed to assist financial institutions in combatting fraud by alerting and communicating with customers through SMS, mobile apps, email, and voice. JT Group plans to seamlessly integrate MoneyGuard into its existing portfolio, enhancing its ability to protect customers from financial fraud and identity theft.

Daragh McDermott, CEO of JT Group, commented, " JT Group's vision is to connect our customers, and this strategic acquisition perfectly aligns with our commitment to using data-driven solutions to combat financial fraud. MoneyGuard's innovative features complement our existing Mobile Intelligence portfolio, bolstering our ability to provide effective communication channels in the dynamic world of financial transactions."

Gerard Vos, Managing Director of Spectrum, added, "This marks an exciting chapter for MoneyGuard. Our shared vision for combining mobile alert systems with mobile intelligence aligns perfectly, and we look forward to contributing to its further growth by adding our expertise to JT Group's initiatives in combating fraud whilst improving the overall customer experience."

With the addition of MoneyGuard to its product portfolio, JT Group solidifies its position as a leader in Mobile Intelligence, combining expertise and solutions to create a more secure digital future. JT Spectrum MoneyGuard | JT International (jtglobal.com)

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