AWS IVR Payments

AWS IVR Payments refer to a payment processing solution that uses Amazon Web Services (AWS) cloud infrastructure to support Interactive Voice Response (IVR) systems.

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Agent

In the context of technology, an agent can refer to a program or system that acts on behalf of a user, performing tasks or providing assistance.

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Alexa payment

Refers to payment transactions facilitated through Amazon’s virtual assistant, Alexa, often using voice commands or other interactions.

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Automation

The use of technology to perform tasks and processes without human intervention, often to improve efficiency and accuracy.

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Approved Scan Vendor (ASV)

An Approved Scan Vendor (ASV) is an organization authorized by the Payment Card Industry Security Standards Council (PCI SSC) to conduct external vulnerability scanning services for PCI DSS compliance validation

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AoC (Attestation of Compliance)

AoC refers to Attestation of Compliance. It is a document provided by a Qualified Security Assessor (QSA) or by an internal security assessor (ISA) after an organization has completed a PCI DSS (Payment Card Industry Data Security Standard) self-assessment or a full PCI DSS assessment. The AoC verifies that the organization has undergone the necessary assessments and meets the compliance requirements set by PCI DSS.

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Authentication

The process of verifying the identity of a user, device, or system, often used for secure access and transactions, typically through the use of usernames, passwords, biometrics, or other security measures.

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Agent-Digital

A term describing a digital or virtual agent, typically a computer program or AI system, that performs tasks or provides assistance in a digital environment.

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Cardholder Data (CHD)

Cardholder data refers to any information related to an individual who owns a payment card. This typically includes the cardholder’s name, primary account number (PAN), expiration date, and any other data relevant to processing a payment or verifying the identity of the cardholder. Protecting cardholder data is crucial to prevent fraud and maintain trust in electronic payment systems.

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Acquirer

An acquirer, also known as an acquiring bank or merchant bank, is a financial institution that maintains the merchant’s bank account and enables merchants to accept card payments from customers. Acquirers facilitate transactions by providing merchants with the necessary equipment and software to process payments.

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Credit Card Fraud

Credit card fraud is the unauthorized use of someone’s credit card information to make purchases or obtain funds, typically through theft, phishing, or hacking.

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Contact Centre

A Contact Centre (or Contact Center) is a centralized 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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Click to Pay

Click to Pay is a streamlined online payment method that allows users to complete transactions with a single click by using pre-stored payment and shipping information.

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Cashless

Cashless refers to a system or method of payment that does not involve the use of physical money, such as coins or banknotes.

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API

APIs (Application Programming Interfaces) are sets of rules and protocols that allow different software applications to communicate and interact with each other.

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Amazon Alexa

Amazon Alexa is a virtual assistant developed by Amazon, designed to interact with users through voice commands and natural language processing

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Agent Assisted Payments

Agent Assisted Payments refer to transactions where a customer interacts with a customer service representative or agent to initiate and complete a payment.

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Compliance

Compliance generally refers to adhering to rules, regulations, or standards set by an authoritative body or organization. In the context of payment card industry (PCI) compliance, it specifically relates to following the requirements outlined by the Payment Card Industry Data Security Standard (PCI DSS).

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Chargeback

A chargeback is a reversal of a credit card transaction, initiated by the cardholder’s bank or credit card company, typically due to a dispute or fraud.

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Crypto payments

Crypto payments are transactions where digital currencies, such as Bitcoin, Ethereum, or other cryptocurrencies, are used as a method of payment.

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Computer Speech Recognition

Computer Speech Recognition, also known as Automatic Speech Recognition (ASR), is a technology that enables computers and software systems to understand and interpret human speech

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Contactless payment

Contactless payment refers to a method of transaction that allows users to pay for goods or services without having to physically touch or insert a payment card or device into a point-of-sale (POS) terminal.

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Cortana

Cortana is a virtual assistant developed by Microsoft, similar to Amazon Alexa and Google Assistant. It is integrated into Microsoft Windows operating systems and available as an app on mobile devices.

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Chargeback Prevention

Chargeback prevention refers to strategies and practices used by merchants, businesses, and payment processors to reduce the likelihood of chargebacks.

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NFC (Near-Field Communication)

Near-Field Communication (NFC) is a short-range wireless communication technology that enables devices to exchange data over very short distances, typically up to 10 centimetres (4 inches).

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Data breach

A data breach is an incident where unauthorized individuals gain access to confidential or sensitive information, often leading to the exposure, theft, or misuse of that data.

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Fintech

Financial technology, encompassing innovative solutions and technologies in the financial sector.

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