E-Commerce words Glossary
There are currently 5 names in this directory beginning with the letter B.
Bank
An institution that handles savings and checking accounts, issues loans and credit, and deals in government and corporate issued securities.
Browser
A client to a web server that allows the user to read hypertext documents on the World Wide Web. Netscape Navigator and Microsoft Internet Explorer are examples of popular web browsers.
Bank Account
An account that holds funds within a bank and is subject to additional deposits and withdrawals
Batch Settlement
Each time an order is placed, it is approved and added to a "batch". But the funds have not actually been charged against the credit cards nor transferred to the merchant's bank account. That happens when the business manager accesses the Backoffice Order interface to first "capture" the funds for orders in a batch and then to "settle" the batch. Capturing the funds causes the credit cards to get charged and the funds to be transferred to the merchant bank account.