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Level-3 Data, The MUST Have in Today’s Government Market

 

Level-3 Data is a MUST Have in Today’s Government Market

Most  government contractors  know  importance of Level-3 data has become in the current market. And if by some chance you aren’t yet aware, you’ll need to learn very quickly.

 Collecting and passing Level-3 financial data has rapidly become a necessity in the government contracting space.

Level-3 processing  will soon be mandated for all GSA schedules, and your company should prepared.  Here are a few GSA schedules that are now requiring Level-3

 

PoST Pilot Initiative – Point Of Sale Transactional Data

GSA has rolled out a pilot program across three Multiple Award Schedules to incorporate Point of Sale Transactional Data (PoST).

This pilot applies to select SINs under:

  • Schedule 67 – Photo Equipment, Supplies, Services
  • Schedule 51 V – Hardware SuperStore
  • Schedule 58 I – Professional Audio/Video, Telemetry/Tracking, Recording/Reproducing, and Signal Data Solutions
  • FSSI participants for the following business sectors:  Office Supply; Print Management; Wireless Telecommunications; Domestic Delivery Services.Schedule contractors will be required to provide Level 3 transactional data on all orders placed with the GSA SmartPay Card holders.

Please refer to GSA’s website www.gsa.gov/post for more helpful information on this pilot.

Schedule contractors will have nine months from the date of award or contract modification to implement the Point of Sale Transactional Data (PoST) requirements.

Level 3  data allows the government agency which owns the credit card to have more visibility of what is actually being charged. Where, when and what.  The  level 3 line item detail shows up on the governments bank statement giving them a clear description of products purchased,not just where and a dollar amount.
 
Additional Benefits of Level-3 
 
✔ Increase sales –  Government agencies are strongly encouraged to take into consideration whether a company can provide Level-3 line item detail when they select a supplier. Beat your competition
✔ Reduce costs – Level 3 processing will save you 30%- 40% Visa and MasterCard have .
✔ High ticket savings –  The more they spend, the more you save. Experience rates of 1.45% on orders of $6800 or more. When orders rise, your rates reduce.
✔ Level-3 Savings is not restricted Only to GSA but your Business-to-Business transactions.
 
Point-Of-Sale Discounts for GSA SmartPay Cards where one of the main objectives listed was: “Introduce Level 3 Data as the reporting source to the Federal Strategic Sourcing Initiative (FSSI)
 
 Contractors that want to remain successful must adopt the most efficient and cost-effective GSA-complainant technologies available
Learning the basics about level 3 and how to choose the right payment partner can have a big impact on your bottom line.  If you have questions on level 3 or  B2B merchant account feel free to call one of our payment professionals at 888 790 3450 or email info@revolution-payments.com
 
We welcome the opportunity to do a no obligation comparison with your current program. No obligation, just good information that will help you empower your business

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