Visa Level III Data Rate Question

Sincerely,
Robin Palmer
Heartland Payment Systems

Robin,

We forwarded your question to Rick Ricker, Director of Operations of 3Delta Systems, Inc., a company specializing in Level III payment processing. The company's Web site is www.3dsi.com. Editor

Ricker's answer is as follows:

This is a new Visa rate for all purchase cards. With GSA cards, if you have a "big ticket" transaction, i.e. over $5K, you will be in that rate bucket, which to-date only requires Level-II per the GSA contract. It works out that the big-ticket rate is nearly equivalent to the Level II rate for those GSA transactions from $5k to $8.5K.

Level III is required for corporate big ticket, the threshold of which is $10K and requires a $1000 1X sponsorship by the acquirer.

Level III for Visa is only for corporate (including government) purchase cards. MasterCard has a Level III qualification for business cards, but I don't know of any issuer that gets the data to the cardholder.

Rick Ricker
3Delta Systems, Inc.

Which ISOs Process with Which Processors?

Connie,

To the best of my knowledge, a list like this doesn't exist. If you are able buy it somewhere, we'd love to share it! Our subscription database is proprietary; we do not sell or rent the names. We have published an annual acquiring report, highlighting the largest processors. This report is available on GS Online in the GSQ archive at www.greensheet.com/gsq/Secured-/gsqv6n4.pdf .

Editor