Businesses processing Level 3 transactions could see interchange reductions as shown in the example below.
Compliance: Government and Industry Regulations
For large transactions, Level 3 data is a minimum requirement. There are often stringent reporting rules attached to institutional purchases, and any business unable to collect Level 3 data may be disqualified from bidding. That means Level 3 capability not only ensures compliance and reduces risk but also unlocks a valuable door if you are looking to respond to government and industrial proposals.
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