Posts Tagged ‘B2B processing’
Capturing level II and III data if you accept commercial or government transactions
Did you know your company can qualify for lower interchange rates by collecting more information when you process a commercial, fleet, purchase, business or government credit card?
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Level 3 processing gives you the merchant the ability to process procurement or purchasing cards (cards used typically by larger companies and definitely by the government). Line item detail such as item descriptions, quantity, price, freight and other pertinent information required for streamlined accounting and business practices are required for Level III. This detail defines…
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