Automating Clearing and Settlement: BASE II and III

  • David L. StearnsEmail author
Part of the History of Computing book series (HC)


This chapter describes how NBI solved the other half of their operational problems: clearing and settlement. It describes the creation of BASE II in 1974, the first electronic clearinghouse for bank-issued payment cards. It also covers the failed attempt to create a software package for the member banks, known as BASE III.


Optical Character Recognition Edit Package Counter Space Stanford Research Institute American Banker 
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Copyright information

© Springer-Verlag London Limited 2011

Authors and Affiliations

  1. 1.Seattle Pacific UniversitySeattleUSA

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