Enhanced card data refers to the additional information that can be attached to a credit card transaction when it is processed.
Transactions submitted with enhanced card data, level 2 and level 3 transactions, may qualify for lower Visa and Mastercard Interchange rates.
Level 1 card data is typically associated with consumer transactions. This type of transaction requires the least amount of data and provides limited transaction details to the card holder.
Examples of Level 1 data include:
- Merchant name
- Transaction amount
- Transaction date
Level 2 card data provides slightly more information than the standard Level 1 transaction and can be beneficial for commercial, corporate, purchasing, business, and government card holders. Transactions with Level 2 card data may qualify for lower Visa and Mastercard interchange rates than similar transactions submitted without this enhanced data.
Examples of Level 2 data include:
- Tax amount
- Customer code
- Merchant postal code
Level 3 card data includes the most detail and provides the highest level of transaction information. Merchants can use level 3 data to monitor and track transaction details for commercial, corporate, purchasing, business, or government cards. Transactions with Level 3 card data may qualify for lower Visa and Mastercard interchange rates than similar transactions submitted without this enhanced data.
Examples of Level 3 data include:
- Discount indicator
- Item description
- Product code
- Tax rate