Visa and MasterCard now require Level III data entry for all corporate card types, including corporate, purchase, procurement, and fleet cards.
Accounts receivable departments can retain 1% of the total amount of invoices paid with corporate charge cards, simply by entering Visa and MasterCard Level III invoice data; a savings of $1,000.00 in unnecessary downgrade fees for each $100,000.00 of corporate card payments processed.
PayTrace, a channel partner, has prepared this brief description and five-minute video to educate businesses regarding the ease of providing Level III data for their customers’ use:
- http://www.paytrace.com/flyers/PayTraceLevel_III.pdf
- http://dl.dropbox.com/u/27003654/Training%20Videos/Level3/Level3.htm