Base I

AAA

DEFINITION of 'Base I'

The data processing network used by Visa USA to process and provide authorization and authorization-related services for credit card transactions that occur through banks that are connected with Visa USA.

INVESTOPEDIA EXPLAINS 'Base I'

Base I was created in 1976 by Bank of America's IT staff. BASE stands for Bank of America System Engineering. The system was given this name because prior to 1973, Visa was known as BankAmericard.

RELATED TERMS
  1. Base II

    A data processing network operated by Visa USA for the clearing ...
  2. Credit

    1. A contractual agreement in which a borrower receives something ...
  3. Credit Card

    A card issued by a financial company giving the holder an option ...
  4. Charge Card

    A card that charges no interest but requires the user to pay ...
  5. Bank Card

    Any card issued against a depositary account, such as an ATM ...
  6. Credit Card Authorized User

    Definition of an authorized user of a credit card.
Related Articles
  1. Retirement Savings Tips For Young People
    Savings

    Retirement Savings Tips For Young People

  2. Take Control Of Your Credit Cards
    Credit & Loans

    Take Control Of Your Credit Cards

  3. Understanding Credit Card Interest
    Retirement

    Understanding Credit Card Interest

  4. 8 Common Refinance Mistakes
    Home & Auto

    8 Common Refinance Mistakes

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center