Business Card
Business Card:
A bankcard issued to companies for use by company employees. The liability for abuse of the card typically rests with the company, not with the employee.
B
Business Day
Business Day:
A day on which a Federal Reserve Bank to which a Member may send applicable items for presentment is open for business, other than a state bank holiday.
Browser:
Browser:
Short for ‘Web Browser,’ the tool (program) that allows users to surf the Web. The most popular Web browsers are Netscape Navigator and Microsoft Internet Explorer.
Biller Direct:
Biller Direct:
One of four models of electronic bill presentment and payment (EBPP). A biller establishes an electronic billing capability on its own Web site and provides its consumers with their billing information and the capability to make payments directly from the site. Other models include: Thick Consolidator, Thin Consolidator and Customer Consolidation.
Biller
Biller:
A company or organization that sends a bill or statement to a consumer, usually requesting payment for a product or service.
Billback
Billback:
A means of recovering or reducing interchange fees for transactions clearing differently than planned. The processing company (FDC) passes through the charges to the merchant.
Bill Service Provider (BSP)
Bill Service Provider (BSP):
An agent of the biller that provides an electronic bill presentment and payment service for the biller.
Bill Payment Service Provider (BPSP)
Bill Payment Service Provider (BPSP):
A financial institution or non-financial entity acting as an intermediary between the biller and consumer for the exchange of electronic bill payment information.
Bill Payment Provider (BPP)
Bill Payment Provider (BPP):
An agent (usually a financial institution) of the biller that originates and accepts payments on behalf of the biller.
Bill Payment Authentication Program
Bill Payment Authentication Program:
An Authentication Program for STAR Utility Bill Payments initiated via VRU or the Internet whereby the STAR Account Holder initiates a STAR Utility Bill Payment using a bill payor issued Authentication Token (e.g., bill payor account or other information on bill payor statement). (Effective June 1, 2003)
