Posts Tagged ‘level 3 processing requirements’
Level 3 Processing and GSA
If you sell to the government sending Level 3 line item detail with your credit card transactions could save you up to 40%
+ Read MoreMasterCard Commercial Payments Account
MasterCard Commercial Payments Account, is as an alternative payment solution to checks for business-to-business payments
+ Read MoreGovernment Agencies encouraged to choose vendors who process Level 3 Data
The Government has not mandated Level 3 processing yet, however GSA has added level 3 processing as a requirement for some contracts. Whether required to pass level line item detail or not, If properly set up Level-3 provides significant advantages for merchants who process commercial and government credit card transactions. Its not only for your…
+ Read MoreProcessing Government Purchase Cards
Sending level 3 line item transaction detail can lower a suppliers transaction cost by up to 40%
+ Read MoreLevel-3 “transactional” Data
Level-3 “transactional” Data (Line Item Detail) is additional payment information entered on commercial and government transactions. It defines what is being purchased, who is involved, how the transaction takes place and combines this information with basic payment data and sends it along with the payment transaction. Visa and MasterCard created special interchange rates as a…
+ Read MoreProcessing Government Credit Cards
Revolution Payment Systems is a leading advocate and Level III payment processor to Government Vendors and Contractors.
+ Read MoreProcessing Level-3 line item detail
Many merchants are under the assumption that just because they are sending level 3 transaction detail they are automatically getting level 3 interchange. I often talk to merchants who are unwilling to engage in a conversation and state ” I have level 3 processing and were good”
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