| jjAbb Glossary |
| Word/ Term |
|
Abbreviation |
|
Description |
| jjAbb Behavioural Marketing System |
jjAbb BMS |
The Behavioural Marketing System that facilitates the jjAbb business |
| jjAbb Points |
jjAbbs |
The points traded in the jjAbb BMS |
| jjAbb Pty Ltd |
jjAbbCO |
The company that operates the jjAbb business |
| jjAbb |
|
A new paradigm / market in behavioural marketing, offering innovative ways to generate sales, provide customers with meaningful benefits and grow business. |
| jjET/POS |
|
jjAbb electronic transfer at point of sale |
| jjET/POS Terminal |
jjET/POS |
An independent terminal that the card information is passed through to facilitate |
| Direct Deposit jjAbbing |
DDjj |
Is a one way jjAbb Account to jjAbb account jjAbb deposit. It is a process similar to paying a bill through internet banking. |
| On-Line jjAbbing |
O-Ljj |
Is where a jjAbb merchant sells goods and services via a web portal over the internet and allows the trading of jjAbbs on-line via this facility. |
| Face to Face jjAbbing |
FFjj |
Is where people interact face to face in the buying and selling of goods and services and the trading of jjAbbs. A customer must present his or her card and pass it through a jjET/POS to facilitate the giving or receiving of jjAbbs. |
| jjAbb Merchant |
jjM |
Is a jjAbb merchant who both issues and acquires jjAbbs in their business. |
| Acquiring jjAbb Merchant |
AjjM |
Is a merchant who sets up initially to acquire jjAbbs only. An acquiring only merchant cannot redeem jjAbbs for cash until they have begun to operate as a jjM. |
| jjAbb Factory |
jjF |
The area in the jjAbb BMS where jjAbbs are created after the merchants cash has been deposited and cleared from the jjAbb Independent Secure Account jjISA |
| jjAbb Independent Secure Account |
jjISA |
An independent financial institution entrusted with managing the jjAbb asset so that a merchant can redeem their jjAbbs for cash at anytime anywhere in the world. |
| jjAbb Transaction Record Keeping System |
jjTREK |
All jjAbb Merchant and Member account information is housed in the jjTREK. All jjAbb records are housed in the jjTREK. If an account in the jjTREK does not have enough jjAbbs to support a requested transaction, the jjTREK will notify the jjET/POS that a transaction is declined |
| jjAbb Data Mining center |
jjAbbAcus |
The jjAbbACUS is where jjAbbCO stores all the marketing data generated via jjAbb transaction |
| jjAbb Own Discounting |
jjOD |
jjAbb own discounting is when a member wants to use their jjAbbs to offset the purchase price of an item. In essence, it is a payment that is processed in part with cash or credit, using traditional methods and in part with jjAbbs. |
| jjAbbs Issued |
jjAbbIS |
The process and the button on the jjET/POS that indicates that jjAbbs are being given from the merchant to the member. |
| jjAbbs collect |
jjAbbIT |
The process and the button on the jjET/POS that indicates that jjAbbs are being collected by the merchant from the member. |