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Term Definition
BAIBAI A Financial Services Group responsible for defining the Cash Management Balance Reporting Specifications. BAI1 and subsequently BAI2 were defined as the basis for agreement between a bank and its corporate customer on how data from the bank’s account processing software would be communicated to the customer’s account processing software.
Bar Coding
Bar Coding Encoding information using a series of black and white stripes. Bar codes are based on a series of parallel black bars and white spaces. New technologies include so-called two-dimensional bar codes that can store much more information than traditional one-dimensional bar codes.
Batch Control TotalsBatch Control Totals Ensures that batch processing has been performed correctly by comparing output to currency or quantity totals, record or document counts, or hash totals.
Batch ProcessingBatch Processing The processing of computer information after it has accumulated in one group or batch.
BaudBaud The rate at which the signal changes when data is transmitted. It is often the same as the number of bits per second.
Bill of ladingBill of lading (sometimes referred to as a BOL,or B/L) is a document issued by a carrier, e.g. a ship\'s master or by a company\'s shipping department, acknowledging that specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified.
BinaryBinary A system of numerical notation in which only the values of 0 and 1 are used.
Bisynchronous communicationBisynchronous communication, An electronic method of communication in which data is sent in blocks of characters and in both directions at the same time.
BpsBps, Bits Per Second - a measurement of how fast data is transmitted.
Business DocumentBusiness Document A set of information components that are interchanged as part of a business activity.
Business processBusiness process or business method is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers.
Business-to-Business (B2B)Business-to-Business (B2B) is a term commonly used to describe commerce transactions between businesses like the one between a manufacturer and a wholesaler or a wholesaler and a retailer i.e both the buyer and the seller are business entity. This is unlike business-to-consumers (B2C) which involve a business entity and end consumer, or business-to-government (B2G)which involve a business entity and government.

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