Credit Cards, PCards and Level 3 data
Here’s a post that talks about business more than business analysis. I have been researching what it means to process level 3 data for credit cards. For quite a while now. Finally today I had that “Oh!” moment and I want to share it because I have had trouble finding data. BasicsCredit Card processing is simple. I am assuming e-commerce here. 1. Customer enters credit card information (Number, expiry date, billing address, CVV)2. Site (Merchant) sends the information to a CC processor.3. CC processor talks to the issuing bank and authorizes the card4. Site (Merchant) gets paid by issuing bank5.… Read More »Credit Cards, PCards and Level 3 data