Application Programming Interface (API) – a set of routines, protocols, and tools for building software and applications. IDology’s API makes it easy to seamlessly integrate with your existing or branded website.
Application Service Provider (ASP) – a business providing computer-based services to customers over a network; such as access to a particular software application) using a standard protocol (such as HTTP).
Chip-and-Pin Cards – credit or debit cards that contain an embedded microcomputer chip that holds cardholder PIN data. To use a card, a customer must enter his or her Personal Identification Number (PIN), instead of his or her signature, to complete a transaction.
EMV – a global standard for credit and debit payment cards based on chip card technology taking its name from the card schemes Europay, MasterCard, and Visa – the original card schemes that developed it. The standard covers the processing of credit and debit card payments using a card that contains a microprocessor chip.
Extensible Markup Language (XML) – a markup language that defines a set of rules for encoding documents in a format which is both human-readable and machine-readable.
File Transfer Protocol (FTP) – is a standard network protocol used to transfer computer files from one host to another host over a TCP-based network, such as the Internet. FTP is built on a client-server architecture and uses separate control and data connections between the client and the server.
General Purpose Reloadable (GPR) – GPR prepaid cards serve unbanked and underbanked consumers who needed a safer and more convenient alternative to cash. GPR cards carry at least one of the major payment card network brands – American Express, Discover, MasterCard, Visa, or a PIN debit network – and can be used to make purchases at any merchant that accepts that card brand as well as to obtain cash at any ATM that connects to the networks. Cardholders must load value onto their cards before they use them for purchases or cash withdrawals, and they can reload value via electronic funds transfer or at a retail location that participates in a reload network.
IFrame (Inline Frame) – an HTML document embedded inside another HTML document on a website. The IFrame HTML element is often used to insert content from another source, such as an advertisement, into a Web page.
Interactive Voice Response (IVR) – a technology that allows a computer to interact with humans through the use of voice and dual-tone multi-frequency signaling (DTMF) tones input via keypad. IVR allows customers to interact with a company’s host system via a telephone keypad or by speech recognition, after which they can service their own inquiries by following the IVR dialogue. IVR systems can respond with prerecorded or dynamically generated audio to further direct users on how to proceed. IVR applications can be used to control almost any function where the interface can be broken down into a series of simple interactions. IVR systems deployed in the network are sized to handle large call volumes.
Internet Protocol (IP) – the principal communications protocol in the Internet protocol suite for relaying datagrams across network boundaries. Its routing function enables internetworking and essentially establishes the Internet.
Mobile Network Operator (MNO) – also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier, is a provider of services wireless communications.
Near Field Communication (NFC) – a set of protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish radio data communication with each other by bringing them closer than, typically, four inches from each other.
Optical Character Recognition (OCR) – the mechanical or electronic conversion of images of typed, handwritten or printed text into machine-encoded text. It is widely used as a form of data entry from printed paper data records, whether passport documents, invoices, bank statements, computerized receipts, business cards, mail, printouts of static-data or any suitable documentation.
Point of Sale (POS) – the time and place where a retail transaction is completed. It is the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. On a micro-level, many retailers consider a point of sale to be the area surrounding the counter where customer pay. POS is also referred to the capturing of data and customer payment at a physical location when the goods or services are bought and sold.
Public Key Infrastructure (PKI) – a set of hardware, software, people, policies, and procedures needed to create, manage, distribute, use, store, and revoke digital certificates and manage public-key encryption. The purpose of a PKI is to facilitate the secure electronic transfer of information for a range of network activities such as e-commerce, internet banking and confidential email. It is required for activities where simple passwords are an inadequate authentication method and more rigorous proof is required to confirm the identity of the parties involved in the communication and to validate the information being transferred.
Short Message Service (SMS) – a text messaging service component of phone, Web, or mobile communication systems. It uses standardized communications protocols to allow fixed line or mobile phone devices to exchange short text messages.
SIM Application Toolkit (STK) – a standard of the Global System for Mobile Communications (GSM) system which enables the Subscriber Identity Module (SIM) to initiate actions which can be used for various value-added services.
Software Development Kit (SDK) – a set of software development tools that allows the creation of applications for a certain software package, software framework, hardware platform, computer system, video game console, operating system or similar development platform.
Software as a Service (SaaS) – a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as “on-demand software”. SaaS is typically accessed by users using a thin client via a web browser.
Transmission Control Protocol (TCP) – a core protocol of the Internet protocol suite. It originated in the initial network implementation in which it complemented the Internet Protocol (IP). TCP provides reliable, ordered, and error-checked delivery of a stream of octets between applications running on hosts communicating over an IP network. TCP is the protocol that major Internet applications such as the World Wide Web, email, remote administration and file transfer rely on.
Under the Covers – parts of a transaction and technology that happen without the customer knowing.
User acceptance testing (UAT) – consists of a process of verifying that a solution works for the user.