Price-Comparison Websites to be Accredited by Ofcom
BillMonitor, a price comparison website that serves by highlighting cheaper mobile phone deals through the monitoring of online bills has been accredited by Ofcom, the telecoms regulator of the United Kingdom. The price comparing calculator of BillMonitor, had provided the watchdog a scheme logo for price accreditation to meet the terms of a stringent independent audit. The audit strives to help Ofcom as well as the other customers to know whether the information provided to them by the companies are up-to-date, accurate, comprehensive, transparent and accessible.
Incidentally, BillMonitor price comparison website becomes the first one of its kind to have their price comparison machine accredited by the regulator of telecoms. The operational mode of the service is all about the analysis of historical patterns to bode future usage. It keeps the users updated on various updated money saving policies, in accordance to the changing price plans of the networks.
Meanwhile, a research undertaken by Ofcom revealed that about 57 percent of the people were highly prone to go shopping, provided reliable information on calculating the cheapest deals as well as identifying the most economic store. Beside, 50 percent of the users were more likely to rely on a price comparison website that was accredited by Ofcom, according to the survey.
Alongside, a fresh price accreditation scheme logo also has been unveiled by Ofcom that could be used by all accredited services to display the reliability and transparency of their calculators of price comparison. The regulator had also accredited a broadband and digital TV price comparison website, apart from an exclusive broadband price comparison site, previously.
