It’s Level 3 or Bust as Visa’s Interchange Shift Rewires B2B Data
Published By pymnts B2B payments are becoming a data-rich world. That’s creating new challenges for data-poor businesses. As of Saturday (April 18), Visa’s Commercial Enhanced Data Program (CEDP) officially phased out its Level 2 interchange program, replacing the legacy incentive structures with a new interchange system that rewards one thing above all: high-quality, verifiable Level […]
Visa’s new program vexes merchants
Published By paymentsdive Since card giant Visa instituted a new program for assessing credit card interchange fees in October, some merchants have been blind-sided by higher expenses. While the card network, bank issuers and processors have been preparing for Visa’s new Commercial Enhanced Data Program all year, consultants say many merchants were unprepared for the […]
What Merchants Should Know About Visa’s Commercial Enhanced Data Program
Published By Payments Dive The credit card processing industry is undergoing a major change since Visa announced the Commercial Enhanced Data Program (CEDP), which went live in the U.S. in April. This new program replaces the legacy Level 3 and large ticket interchange structures with a system that rewards merchants for submitting cleaner, more accurate […]