Level II Data Requirements

March 20, 2009

March 20, 2009

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Reporting Level II transaction data can result in lower interchange rates for purchases made with a corporate credit card. To qualify for level II the following data must be included with the transaction: Merchant Name, Transaction Amount, Date – these are all also required for level I and are captured and reported automatically by all […]

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Reporting Level II transaction data can result in lower interchange rates for purchases made with a corporate credit card. To qualify for level II the following data must be included with the transaction:

Merchant Name, Transaction Amount, Date – these are all also required for level I and are captured and reported automatically by all credit card terminals and point-of-sale systems.

Tax Amount, Customer Code (16 characters), Merchant Postal Code, Tax Identification, Merchant Minority Code, Merchant State Code – most terminals and point-of-sale systems can be programmed to report this information but oftentimes merchants that have the capability to include this data in the order do not because it is cumbersome, particularly if they are not using a point-of-sale system.

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