Visa

7286.278 - 7313.105 David Rosenthal

Visa builds an automated clearinghouse for themselves to do settlement electronically over the network. They end up calling this project Base 2 after Base 1, which was the first thing doing authorizations. This happens at the exact same time and place as when the Federal Reserve is building their own ACH system for checks, you know, automated clearinghouse, ACH, everything in the banking system.