Bandwidth:
The amount of electronic data that can be transferred through an electronic connection in a given time. For modems connected by telephone to the Internet, the modem's "speed" represents the maximum possible bandwidth of the connection, such 56.6 Kps (kilobits per second). Competent Web site operators strive to keep the size of Web page files low to conserve bandwidth and speed downloading.

Bank Card:
A plastic card that is widely accepted by merchants as a result of a standard set of rules for the authorization of its use, clearing, and settlement of transactions, used to credit an account for processing a sales transaction. The most common bank card is a credit card. Transactions are usually not profitable for amounts of less than $5 (U.S.); micro payment schemes are designed for much smaller increments of payment.

Bank Identification Number:
The digits of a credit card that identify the ISSUING BANK. Sometimes the first six digits. Often referred to as a BIN.

Bank Routing Number:
the first nine digits that appear across the bottom of a personal check, they identify the financial institution

Bank Service Fee:
EVO statement fee.

Basis Point:
One one-hundredth of a percent. DISCOUNT rates are expressed as basis points.

Batch:
A collection of credit card transactions saved for submitting at one time, usually each day. Merchants who do not have real-time verification systems must submit their transactions manually through a POS terminal. Batch fees are charged to encourage a merchant to submit his or her transactions at one time, rather than throughout the day.

Batch#:
Also known as SID or Submission ID. When FDRN receives a batch closure/settlement message from iBill, rather than use iBill's suggested BatchID number, FDRN instead identifies the batch request for its own uses by assigning it its own FDRN Batch Number. When speaking with FDRN representatives, you'll find they more quickly know what you're talking about when you begin the conversation by mentioning the FDRN Batch Number.

Batch Close:
The process of sending a batch to the financial institution for settlement.

Batch fee:
a fee incurred for settling each batch from the terminal.

Batch Processing:
A type of data processing where related transactions are transmitted as a group for processing.

Browser:
A software program used for locating, requesting, and displaying Web pages. Examples include Netscape Navigator, Microsoft Internet Explorer, and Opera.

Bundled Rate:
A discount rate which includes communication costs as well as transaction fees. Also referred to as a flat rate.