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PURCHASING CARDS
More
companies today authorize and control corporate purchases
by placing purchasing cards in the hands of their employees.
Merchants who accept purchasing cards are able to provide
a value-added service to their business-to-business (B2B)
customers, increase customer loyalty and achieve preferred
supplier status.
Purchasing cards are an effective B2B solution that helps
corporations reduce the administrative costs associated with
authorizing, tracking, paying and reconciling small purchases,
while maintaining control over their company's purchasing
process.
Merchants who accept purchasing cards have the advantage of
attracting thousands of American businesses that process more
than $300 billion of business-to-business purchasing transactions.
Acceptance of purchasing cards allows merchants to capitalize
on the growing B2B opportunity by encouraging corporate customer
loyalty. Ignite Payments offers merchants purchasing
cards, Levels I through III.
Ignite Payments offers three purchasing card payment
solutions that enable suppliers to accept all major purchasing
cards from their buyers. Merchant suppliers also benefit from
Ignite Payments's 24/7 customer support.
Purchasing
card, Level I Level I provides businesses with limited
information. No additional information, other than what
data is captured in a transaction is necessary. Therefore,
no prompts or special point-of-sale equipment or software
is required.
- Date Cardholder name, accountnumber
Default accounting (if applicable) Supplier name,
location Supplier ZIP code
- Total dollar amount of purchase
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Purchasing
card, Level II
Level
II provides corporations with more control over the
purchasing process by capturing and transmitting additional
information. In addition to standard transmitted data,
Level II purchasing cards require:
- Separate
purchase and sales tax amounts
- Customer code/number (e.g., an accounting code or
purchase order number)
- Address Verification Service (AVS)
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Purchasing card,
Level III
Level
III requires processing software that enables merchants
to provide line-item details to the customers (e.g., discount
amounts, freight, duty, codes, descriptions, and other
identifiers) in concise transaction activity reports.
LinkPoint Purchasing PC Level III is a software application
that allows suppliers to provide line-item detail to corporate
customers, operates in the Windows environment, and enables
suppliers to navigate through the order-entry and payment
process. Detailed data reports provide a concise review. |
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