FSSI is requiring that contractors provide Level III line item detail. Many contractors have been hesitant to implement level 3 feeling this will disrupt their current process and become a source of frustration.
The benefit level-3 processing will provide contractors is often overlooked. Level-3 processing will save you up to 85 basis points on the same transactions your currently processing. This could significantly lower your bottom line expenses for accepting GSA and Purchasing Cards.
Its important to work with a merchant service provider who has experience setting up a level III merchant account. Besides level-3 payment technology other factors are required to ensure you receive the incentivized pricing for passing level 3 data.
Revolution Payment Systems can help your company become compliant and ensure your merchant account is set up properly to receive the correct level 3 interchange.
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