Revolution Payment Systems

• August 23, 2010

  MasterCard acquires DataCash for $520 million in cash The company said Thursday that it will pay $520 million in cash for DataCash Group, which provides merchants with electronic payment and fraud prevention services.

• June 17, 2010

  New IRS Reporting Requirements for Business Introduction & Overview The Housing and Economic Recovery Act of 2008 is a new federal

• June 10, 2010

  NCR to Acquire Radiant Systems Processor NCR and Radiant Systems have announced a definitive agreement for NCR to acquire Radiant Systems for $1.2 billion.

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Level 3 Solutions

Challenging economic climates force companies to continually seek new efficiencies and to explore new cost cutting methods that will improve the bottom line. Improving your Accounts Payable (AP) process has become increasingly important in an era of tightening credit where adequate cash flow and greater control over company payables are critical in sustaining business operations and maintaining liquidity.

Commercial Credit Cards are being used to replace costly and inefficient paper-based processes. The benefits of accepting these cards include improved payment time from 30-60 days to next day with Revolution Payment Systems next day funding option. With Revolution Payment Systems you no longer have to worry about floating funds or costly collection expenses.

Setting up your business to accept commercial, business and government payments is very different from establishing a retail/MOTO account.

Complexity in how rates are determined can have a great impact on your bottom line. Using a merchant service provider with limited experience in setting up B2B & B2G merchant accounts, means that you will not receive the incentive rates.  Many factors impact the accuracy of processing the correct codes and ultimately qualifying your company for the best rates, making it imperative that you work with Revolution, a seasoned B2B & B2G specialist.

If any of your customers include: Government Agencies; other Corporations; Universities or similar Organizations, you are a perfect candidate for Revolution’s “Level-3 Processing System.”

Card Knowledge Level-3 Purchase Card Data

Level 1

“Level-1” card data is typically associated with consumer transactions and provides limited purchase data back to the cardholder.

Level 2

“Level-2” data adds more information to benefit the corporate/government/industrial buyer, but the number of fields is limited because of the restricted data capture capabilities provided by most hardware-based Point Of Sales (POS) terminals.

Level 3

“Level-3” (also known as Level III) line item detail, is equivalent to the information found on an itemized invoice, requires greater system capability and is provided through 3Delta Systems' payment applications.

Comparative Example*

Merchant Name	Level 1	Level 2	Level 3
Transaction Amount (Total)	•	•	•
Date	•	•	•
Tax Amount		•	•
Customer Code (30 Char)		•	•
Merchant Postal Code		•	•
Tax Identification		•	•
Merchant Minority Code		•	•
Merchant State Code		•	•
Ship from Postal Code			•
Destination Postal Code			•
Invoice Number			•
Order Number			•
Item Product Code			•
Item Commodity Code			•
Item Description			•
Item Quantity			•
Item Unit of Measure			•
Item Extended Amount			•
Freight Amount			•
Duty Amount			•

(*)This table is provided only for illustrative purposes and should not be construed as a listing of all the possible fields associated with each data level or that every processor will support all the possible data elements.

Corporate purchasing card transaction payments are priced differently from consumer credit card transactions. The key to obtaining the best rates for these transactions is to include line item detail or ”Level-3” information. Level-3 information details the items purchased such as Item Part Number, Description, Quantity, Unit of Measure, Price and more. Level-3 transactions carry lower interchange rates because these cards are used in a B2B or B2G situations, and the volumes attributed to fraud, chargebacks, etc, are less and the costs are lower. In addition, the merchant is incented to provide the increased data to support industrial buyers and improve their card accounting.

Revolution’s Payment Gateway offers multiple ways to process and manage Purchase Cards and Credit Cards. And while Revolution Payment Systems is the established leader in processing Level-3 data, our flexible payment gateway also processes Level-2 and Level-1 transaction data.

To set up a demo or to see how Level-3 processing can reduce your monthly processing expenses call 1-888-790-3450 Solutions that Pay