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 Card

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

    A card that charges no interest but requires the user to pay ...
  4. Credit

    1. A contractual agreement in which a borrower receives something ...
  5. Bank Card

    Any card issued against a depositary account, such as an ATM ...
  6. Recurring Billing

    When a merchant automatically charges a cardholder for specified ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Savings

    Retirement Savings Tips For Young People

    Learn how to avoid the bad habits that keep the average young adult from saving.
  2. Credit & Loans

    Take Control Of Your Credit Cards

    The plastic in your wallet doesn't have to hurt your finances. Learn how to manage it responsibly.
  3. Retirement

    Understanding Credit Card Interest

    Paying these rates can impact your disposable income and your investment returns.
  4. Savings

    Which Are The Best Credit Cards To Take To China?

    Credit cards are now much more widely accepted in China – and one issuer leads the pack, due to its deal with China UnionPay, the Chinese bankcard network.
  5. Credit & Loans

    Chase Sapphire Preferred Vs. AmEx Platinum

    Chase Sapphire Preferred has many rewards and is much cheaper. Is American Express Platinum worth its premium price? That depends.
  6. Credit & Loans

    How to Challenge & Win A Credit Card Dispute

    Found an error on your credit card statement? Five strategies to persuade the card issuer to fix it in your favor.
  7. Credit & Loans

    Review: Barclaycard Rewards MasterCard

    If you're looking for a rewards card and you have an average credit score, this one's worth investigating.
  8. Savings

    Avoid Credit Card Rewards Devaluation At All Cost!

    If you don't know how to redeem your rewards points, we'll show you the easiest way to avoid rewards devaluation this year.
  9. Credit & Loans

    Which Credit Cards Are Best In Europe?

    These cards avoid the main credit issues facing U.S. travelers to Europe – foreign transaction fees that make purchases more costly and no EMV chips.
  10. Credit & Loans

    Review: Discover Credit Cards

    Discover it cards still offer generous rewards and no annual fee. But how generous depends on which card you end up with, and what your credit score is.

You May Also Like

Hot Definitions
  1. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  2. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  3. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  4. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  5. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
  6. Fringe Benefits

    A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are ...
Trading Center