B2B stands for Business to Business. In the credit card industry, these transactions are often referred to as Corporate, Purchase, Government Purchase or Business cards. For merchants who enter the required data in order for the card brands to facilitate these features, Visa and MasterCard have created special interchange rates for these card types and most MCC’s are eligible.

The card brands require certain enhanced data or Level II and Level III data to be sent with the settlement of the transaction. This data includes: • Level II data requires a valid sales tax amount, tax indicator, and if tax exempt, a valid tax ID • Level III data is line item detail, which includes item description, item quantity, item unit of measure, item freight/shipping amount, item commodity code, item discount amount, duty amount, product code, unit cost, discount per line item, and line item total. Fleet Purchasing, GSA Purchasing and Purchasing cards for fuel transactions, fuel data is required. Visa Fuel Data Requirements include business format code, type of purchase, fuel type, unit of measure, quantity, gross fuel price, and miscellaneous fuel tax exemption status. Although entering this data can save on Interchange costs, manually entering this data is time consuming and in most cases level III data isn’t supported on the merchant’s device.

Priority’s proprietary technology identifies the proper data fields necessary to meet the preferred interchange categories for participating card brands with no additional prompts or data for merchants to enter.

Since there is a significant savings in interchange by using this product, there is more room for margin! For example, for a transaction of $1,000, if the merchant is not using the MX™ B2B Interchange Optimizer App on a corp card, the interchange would be 2.95% which is $29.50. Using the MX™ B2B Interchange Optimizer App could qualify that same transaction at 1.90% which would be $19, or 110 basis points. You can now charge more interchange+ and still oer the merchant significant savings!

Yes, please contact your RM, or refer to your Schedule A for costs

Yes! AVS information is required for keyed transactions.

For Card Present Transactions, the Zip Code MUST match. For Card Not Present Transactions, the AVS doesn’t need to match, but must be entered. However, to minimize fraud an AVS match is highly recommended.

No, If the Customer AVS information is Vaulted, the AVS information will automatically be populated.

Merchants must settle all authorizations daily in order to qualify for the best rate.

Any MX product can utilize the MX™ B2B Interchange Optimizer App. This includes Quickpay, MX™ Express, Payment Links, MX™ Invoice, and our integrated terminal applications on the following terminals: Ingenico ICT 220, ICT 250, Desk 3500, Desk 5000, Move 5000. Additional devices coming soon!

This depends on the card processed and in some cases the ticket size. The average savings on corporate cards are between 60-90 bps. Please refer to the MasterCard Card Flow Diagram and Visa Card Flow Diagram for details on individual interchange rates.

All merchants EXCEPT the following: HIGH RISK DIRECT MARKETING (MCC 5962, 5966, 5967) TRAVEL AND ENTERTAINMENT Q A Q A • Restaurants (MCC 5812, 5814), • Hotels (MCC 3501-3833, 7011), • Car Rentals (MCC 3351-3441, 7512), • Truck and Utility Trailer Rentals (MCC 7513), • Airlines (MCC 3000-3299, 4511), • Cruise Lines (MCC 4411), • Passenger Railways (MCC 4112) • Travel Agents (MCC 4722)

The merchant statement is the best place to identify these card types, however the naming convention used depends on the processor that creates the statement. Please refer to the MasterCard Card Flow Diagram and Visa Card Flow Diagram for a list of card types and rates that you can reference on a merchant’s statement. Additionally, MX™ Connect provides detailed reporting by interchange category to help you identify merchants in your portfolio that will benefit from the B2B Interchange Optimizer.

Only merchants processing through the MX frontend/gateway and that have the MX™ B2B Interchange Optimizer App activated and installed will benefit from the MX™ B2B Interchange Optimizer App.