Batch Processing:

A type of data processing and data communications transmission in which related transactions are grouped together and transmitted for processing, usually by the same computer and under the same application.

Batch Header Ticket:

The identifying form used by the electronic submission merchant to indicate a batch of sales/credit slips (usually one day’s work).

Batch:

The accumulation of captured (sale) transactions waiting to be settled. Multiple batches may be settled throughout the day.

Batch Authorization Transaction System (BATS):

A system designed to allow certain merchants (for example, mail order merchants) to batch process authorizations on their own time schedules.

Base II:

The VISANet data processing systems, networks and operations that provide clearing, settlement and other interchange-related services to VISA members.

Base I:

The VISANet data processing systems, networks and operations that provide authorization and authorization-related services to VISA members.

Bankwire Transfer:

Transfer of funds to any bank within the Federal Reserve System.

Banknet:

The primary data transport communications facility that links all MasterCard customers and MasterCard data processing centers into a single online financial network (also called a packet-switching network). Banknet separates communications processing from financial applications processing, allowing an unlimited variety of financial applications to transmit messages over a single communications network.

Banking Business Day:

That part of any day on which a Member is open to the public for carrying on substantially all of its business functions, and which is not a legal holiday. The acceptance or approval by a Member of STAR Transactions through a STAR Terminal or acceptance of normal Settlement procedures on a given day shall not, of itself, establish that day as a Banking Business Day.

Bankcard Association:

A group of institutions formed for sponsoring a bankcard program, using a common processing and administrative center.

Bankcard:

A financial transaction card (credit, debit, etc.) issued by a financial institution.