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Network Merchants Inc (NMI) Adds to its Enterprise Product Portfolio by Launching Level III (Enhanced Data) Processing
Aug 25, 2009 (10:08 AM EDT)
SCHAUMBURG, Ill., Aug. 25 /PRNewswire/ -- Network Merchants Inc (NMI) today announced the launch of Level III Processing, which enables merchants to pass extended transaction data required for certain industries and card qualifications.
Level III Enhanced Data Processing is used by Government and large corporations to make business-to-business and business-to-government purchases. Merchants can use this enhanced data to better understand purchasing patterns, improve purchasing performance, and monitor employee compliance.
NMI's Level III service offering includes a fully functional API (Application Programming Interface). "The Level III API significantly increases the amount of ancillary data that can be saved with a payment transaction," said Matthew Schmidgall, NMI's Chief Technology Officer. "Not only will merchants appreciate better discount rates but the powerful Network Merchants data engine gives them the ability to retrieve this extensive data about their transactions any time in the future," Schmidgall added.
In addition to Level I data - account number, transaction date, purchase amount, supplier category code, supplier name, city, state, and ZIP code - Visa and MasterCard provide enhanced data on purchases of goods and services.
"The advantages of accepting purchasing cards are compelling for level III processing and one major advantage includes significantly lower processing fees," said Ted Cucci, NMI's Chief Operating Officer.
Network Merchants Inc builds e-commerce payment gateways for companies that process retail and online transactions in real-time anywhere in the world.
With an exceptional team of software engineers, NMI created, maintains and delivers a substantial suite of payment solutions through a unique channel of distribution. This channel is comprised of financial institutions, ISOs/MSPs, payment processors, VARs, e-commerce developers and hardware manufacturers interested in retaining their existing merchant-customers and acquiring new business. With an easy to integrate transparent and private-label program, Affiliate Partners maintain their own look and feel while providing merchants with efficient and secure payment processing solutions. For more information, please visit HASH(0x888330) .
Contact: Network Merchants Inc 800-617-4850 firstname.lastname@example.org
SOURCE Network Merchants Inc
CONTACT: Network Merchants Inc, 1-800-617-4850, email@example.com
Web site: http://www.nmi.com/