W-LAN
Also know as Wireless Local Area Network. W-LAN allows the user to access the LAN even when the person is not in the office.

W3C
World Wide Web Consortium is an international organisation that defines the functions that will be included in Web languages.

Waiver
To intentionally or voluntarily give up the right to claim.

WAN
Wide Area Network is a network or group of networks that span a large geographical area.

WAN
Abbreviation for Wide Area Network. A network using common carrier provided lines (in contrast to LAN). See Local Area Network.

Wang
A stand-alone system developed to handle chargeback processing. Also called the Chargeback Image Processing System (CIPS).

WAP
Wireless Application Protocol is a free, unlicensed protocol for wireless communication that makes it possible to access Internet pages using a mobile telephone.

Watermark
Data added to the body of a file to attest to its origins, which is difficult to detect without a special code.

WATS
Acronym for Wide Area Telephone Service. This is typically a call free of charge for the person initiating the call.

Web Browser
A tool or program that allows users to surf the Web. The most popular Web browsers are Netscape Navigator and Microsoft Internet Explorer. See Browser.

Weibull Distribution
The Weibull distribution is one of the most commonly used lifetime distributions in reliability engineering. It can take on the shape of other distributions, depending on the value of its shape or slope parameter.

Weigand Wire
Magnetic media embedded in cards for access control applications.

Weight-of-Evidence
A quality index for a piece of information that indicates the strength of the information towards explaining the difference in the level of some binary outcome variable.

Weightings
The values that correspond to each attribute in a scorecard.

Weights
Numbers that are multiplied by database values to determine model or RFM scores.

Whipsawed
It applies to a trader who is caught in volatile price movements and makes losing trades as prices rise and fall.

White Mail
Mail received from a buyer or donor who has not included the response device, so you cannot determine the source code of the offer which promoted his purchase or gift.

Wide Area Network (WAN)
A network using common carrier provided lines (in contrast to LAN). See Local Area Network.

Will
A legal document detailing how the individual wants their assets and estate handled after their death.

Wireless Application Protocol
Also known as WAP. Wireless Application Protocol is a free, unlicensed protocol for wireless communication that makes it possible to access Internet pages using a mobile telephone.

Wireless Local Area Network
Wireless Local Area Network allows the user to access the LAN even when the person is not in the office. Also known as W-LAN.

Withdrawal
Money taken out of an account. The withdrawal may be in cash, by cheque or debit card, or by automatic withdrawal.

Won’t Pays
Debtors who have defaulted on payments and who deliberately choose not to pay for whatever reason. They usually have the ability to pay but not the intent.

Workforce Management Software
A software system that, depending on available modules, forecasts call loads, calculates staff requirements, organises schedules and tracks real-time performance of individuals and groups.

World Wide Web (WWW):
A hypermedia system that lets you browse through an unlimited amount of interesting information.

Write-off
A lender’s declaration of a balance as uncollectible bad debt, and/or the process of writing off uncollected loans from account receivable books.