It is the business practice of sending all clients' billing info to a separate company, who then does everything for you. It also allows a company to cut down on time and human resources spent on administrative tasks.
Inter-Asterisk eXchange (IAX) is a communication protocol used to initiate user sessions, similar to an SIP, in order to transmit and control streaming media, especially in Voice over Internet Protocol calls. IAX2 (the newest version) is a preferred method because of its flexibility, as it is compatible with a variety of codecs, and jitters and lag are minimal due to trunking and multiplexing, which means the amount of bandwidth and latency are also kept at minimal levels.