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Mastercard Commercial Interchange – Data Rate 1 and 2

Cardfellow

Most businesses will qualify for either the Data Rate 1 or Data Rate 2 interchange categories when accepting commercial cards. Both categories refer to how much transaction information is submitted when you run the card. the commercial card categories may be spelled out explicitly or they may be abbreviated.

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Visa Business Product 1 and Business Product 2 Interchange

Cardfellow

How to Lower Credit Card Processing Costs Commercial credit card transactions have different rules as well as different rates and fees. Its easy to miss qualifying for a lower-cost interchange category if you are not optimizing your commercial card acceptance.

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CEOs, Finance Staff On Opposite Sides Of The Accounts Payable Fence

PYMNTS

Adoption of electronic payments and commercial card programs also yields increased convenience, with most reporting access to rebates and incentives. Half said ePayments and commercial cards lowered processing costs, another area of cost savings for the enterprise.

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What is B2B Payments Processing and How Do You Implement It?

Stax

On the merchant side, B2B cards come with lower processing rates if you qualify for level 2 and level 3 card processing. These levels require you to provide more transactional data and when implemented properly, you can lower your credit card processing costs significantly.

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Capital One Gauges Payment Execs’ Tech Appetite

PYMNTS

The study, conducted by Capital One and the NAPCP — the Professionals Association for the Commercial Card and Payment Industry — found that payment professionals acknowledge the benefits of new technologies, including greater security, analytics, reduced costs and even new revenue streams.

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The Virtual Card Case For Nonprofits

PYMNTS

According to Vendor Centric, there are four key benefits for nonprofits when it comes to the v-card. Commercial cards are often a preferred payment choice among payers for their opportunity to build up rewards. Virtual cards, the report noted, can do the same. The first is cash rebates.

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From Checks to Digital: J.P. Morgan and Codat discuss the changing landscape of B2B payments

Tearsheet

This solution can reduce processing costs for suppliers with a digital direct settlement, leverage automation to enhance the reconciliation experience and often times will improve their DSO (Days Sales Outstanding) with customized terms. Can you provide a step-by-step example of its implementation?

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