GSA Vendors Are Saving Up to 40% on Credit Card Processing Fees By Utilizing Level3 Data Processing
The Government Services Administration, also known as the GSA introduced their Level 3 processing program in 2011 to streamline PCI compliance on SmartPay credit card purchases.
April 7, 2014 (Newswire.com) - The Government Services Administration, also known as the GSA introduced their Level 3 processing program in 2011 to streamline PCI compliance on SmartPay credit card purchases. Although adopting this program isn't mandatory as of now, plans are underway to make this a compulsory requirement for all GSA/MAS schedules. The GSA promises savings up to 40% on credit card processing fees by adapting to Level 3 Data.
Level3 Data provides for the collection of additional data requirements to process payment. Besides, data required by Level 1 and Level 2 submissions, Level 3 data includes information on tax amount, merchant post code, ship from postal code, invoice number, order number and more. This additional data allows for more effective government purchasing and results in credit card processing savings for the selling merchant. Agencies like GSA Credit Card Processing can help companies selling on GSA contracts to set up a merchant account easily and almost instantly. GSA Credit Card Processing solutions include a cloud based system, where the process is as simply as the merchant choosing from a drop down list and set up the account. After set up merchants experience no additional cost and actually save money on each transaction processed.
Until the introduction of GSA Credit Card Processing's cloud based solution, the problem with implementation was that most existing terminals were not configured to process Level3 Data. GSA Credit Processing offers selected merchants a no obligation and free assessment to determine a merchant's system Level 3 capabilities. For most merchants, implementation takes only minutes and can fully integrate with the merchant's existing process.
About GSA Credit Card Processing:
GSA Credit Card Processing was founded by Matthew Dore, an expert in the credit card processing industry for more than a decade. GSA Credit Card Processing is an independent organization providing credit card payment solutions to suppliers of goods and services to the GSA and other government agencies. To learn more, visit, http://www.gsacreditcardprocessing.com