Base I

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.

BREAKING DOWN '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. Visa Card

    A credit, debit or prepaid card branded by Visa, a major payments ...
  3. Student Visa

    A special endorsement that is added to a passport that governments ...
  4. Bank Card

    Any card issued against a depositary account, such as an ATM ...
  5. Settlement Bank

    The entity that facilitates the exchange of money between the ...
  6. Universal Default

    A practice whereby a credit card issuer increases a credit card ...
Related Articles
  1. Credit & Loans

    How Visa Counts On Your Free-Spending Ways

    In a world where people lived within their means, Visa and its competitors would not exist.
  2. Stock Analysis

    How Visa Counts On Your Free-Spending Ways

    The credit card transaction business is so profitable, Visa Inc. doesn't even bother lending money. Here's how they make their money.
  3. Stock Analysis

    Why Visa Is a Solid Long-Term Bet

    Here's look at Visa, which has been an impressive performer since its IPO in 2008. It's now set to acquire Europe Visa.
  4. Entrepreneurship

    U.S. Visas for Entrepreneurs, Investors & Skilled Workers

    The options for getting a scarce U.S. visa. For the fourth year in a row, there will be a lottery for the H-1B visa for skilled workers.
  5. Retirement

    Your Visa Options for Retiring in Thailand

    Here are steps for getting a retirement visa in Thailand – plus other possible visas including a marriage visa and a one-year multiple-entry visa.
  6. Personal Finance

    Tips For Getting A Permanent Visa

    Many countries can help you establish a path towards residency. Before you move, read this article first.
  7. Credit & Loans

    Credit Card Review: BankAmericard (BAC)

    Examine an overview of the credit card lineup offered through Bank of America, each of which is a different version of the BankAmericard.
  8. Stock Analysis

    The Big Credit Card Companies Have Room to Grow

    With so many credit cards in daily use, credit card issuers have grown with their businesses.
  9. Credit & Loans

    How Credit Cards Built A Plastic Empire

    A decade before Mastercard or Visa existed, the first credit card company was introduced.
  10. Credit & Loans

    Comparing Credit Card Companies

    The four main credit card networks all have distinct strengths and drawbacks. Be sure you understand their unique traits before making a selection.
RELATED FAQS
  1. Which credit card company holds the honor of most profitable IPO?

    News of Visa's plans to go public created a buzz around Wall Street as soon as the papers were filed. The credit card giant ... Read Answer >>
  2. How can I get a 'pensionado' visa to retire in Costa Rica?

    Read about how you can obtain a pensionado visa to retire in Costa Rica, including what kinds of applicants the Costa Rican ... Read Answer >>
  3. Can I use a prepaid credit card to pay bills or to transfer money to other accounts?

    Learn how prepaid credit cards enable convenient bill payments and transfers. Explore different fees charged for such transactions. Read Answer >>
  4. How does the Best Buy credit card work?

    Learn how a Best Buy Visa credit card can provide consumers with 5 to 6% cash back in its stores and online, and provides ... Read Answer >>
  5. Why do credit card companies calculate revenue splits in terms of basis points?

    Discover how revenue splitting works and how credit card companies are able to utilize basis points in revenue splits to ... Read Answer >>
  6. What are the Investment options for an American citizen born in a NRI family?

    Since last two years, my wife and I are here in the USA (Houston, TX) on H1 and H4 visa respectively. Last August we were ... Read Answer >>
Hot Definitions
  1. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  2. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  3. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  4. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  5. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  6. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
Trading Center