cVRP – Commercial Variable Recurring Payments

A business-focused form of Variable Recurring Payments that allow customers to authorize companies to take multiple account-to-account payments of varying amounts within agreed limits. Built on open banking, cVRPs are designed for commercial use cases like subscriptions, utilities, and ongoing service billing, offering more flexibility and control than traditional direct debits.

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VRP – Variable Recurring Payments

A type of account-to-account payment that allows customers to authorize ongoing payments with flexible amounts and timing within agreed limits. Enabled through open banking, VRPs provide a secure alternative to direct debits for subscriptions, utility bills, and other recurring payment use cases.

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IVR Authentication

The process of verifying a caller’s identity through an Interactive Voice Response (IVR) system using methods such as PINs, passwords, one-time codes, account details, or biometric voice recognition before granting access to services or sensitive information.

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Session Initiation Protocol / SIP

A communications protocol used to establish, manage, and terminate real-time voice, video, and messaging sessions over IP networks. SIP is commonly used in VoIP and unified communications systems to enable internet-based calling and multimedia communication.

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Cardholder Data Environment / CDE

The part of an organization’s systems, networks, applications, and processes that store, process, or transmit cardholder data. The CDE includes all connected components that could impact the security of payment card information and therefore fall within PCI DSS compliance scope.

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Compensating Controls

Alternative security measures implemented when a specific compliance requirement cannot be met exactly as defined, but equivalent protection is still achieved. In PCI DSS, compensating controls must provide a comparable level of security, address the same risk, and be properly documented and validated.

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PCI DSS 12 Requirements

The core security controls defined by the Payment Card Industry Data Security Standard to protect cardholder data and secure payment environments. They cover areas such as network security, access control, encryption, vulnerability management, monitoring, testing, and information security policies that organizations must implement to maintain PCI compliance.

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PCI DSS Report on Compliance (RoC)

A formal assessment document that confirms an organization meets the security requirements of the Payment Card Industry Data Security Standard (PCI DSS). Prepared by a qualified assessor, the RoC details how cardholder data is protected across systems, processes, and networks to support secure payment operations and regulatory compliance.

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Account-to-Account Payments / A2A Payments

Direct bank transfers where money moves from one bank account to another without using card networks or intermediaries. A2A payments are commonly used for fast, secure, and lower-cost transactions in e-commerce, bill payments, payroll, and peer-to-peer transfers.

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Merchant Services

Financial and technology services that help businesses accept and process customer payments. This includes credit/debit card processing, online payments, point-of-sale (POS) systems, payment gateways, and fraud protection.

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Call Centre

A call centre is a centralised system that manages inbound and outbound customer communications across phone and digital channels.

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Contact Centre

A centralised hub where customer interactions across various communication channels (e.g., phone calls, emails, live chat, social media) are managed and handled by customer service representatives or agents. Contact centres are integral to customer support, sales, and service delivery operations of organizations.

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PCI DSS 4.0

The latest version of the Payment Card Industry Data Security Standard defining security requirements for handling cardholder data.

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Descoping

The deliberate exclusion of certain systems, processes, or data from the scope of compliance or security assessments to reduce risk, complexity, or regulatory burden.

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SAD

Confidential card information—like full magnetic stripe data, CVV/CVV2, or PINs—used to authenticate transactions and must be securely protected.

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PCI SAQ

A tool that allows merchants and service providers to evaluate their compliance with Payment Card Industry Data Security Standards (PCI DSS).

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F2F

Refers to in-person interactions where both parties are physically present, commonly used to describe card-present transactions or direct customer service encounters.

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PCI

PCI simply stands for payment card industry. This financial industry segment includes all the various organisations responsible for storing, processing, and transmitting cardholder data. This includes both debit cards and credit cards.

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Amex

A branded payment card issued by American Express that enables purchases on credit, often paired with premium benefits, rewards, and direct issuer servicing.

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Contact Centre Channels

Distinct communication pathways—such as voice calls, email, chat, social media, or messaging apps—through which customers interact with a service team, each shaping how support is delivered and experienced.

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P2P Payment

A bespoke digital transaction method that enables individuals to send and receive money directly, tailored for fast and convenient person-to-person transfers.

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Payment Platform

A bespoke system that enables, manages, and processes transactions across multiple payment methods, tailored to a business’s operational and customer needs.

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Conversational IVR

A bespoke voice interaction system that uses natural language to understand and respond to callers, enabling more human-like, flexible conversations.

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AI Call Centre

A customer service operation that uses artificial intelligence to automate, assist, and optimize customer interactions across voice and digital channels.

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Service pages

Dedicated web pages or digital interfaces that provide detailed information, instructions, and resources about a specific product, service, or customer support offering.

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AI chatbot

An intelligent software system designed to simulate human conversation through text-based interactions. It uses artificial intelligence to understand user input, interpret intent, and generate relevant, natural responses — enabling automated, real-time communication that feels personal and conversational rather than scripted.

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