Level 3 Processing within Interchange Fee Optimization refers to the detailed transaction data provided for B2B transactions, including line item details such as quantity, price, and product description. By leveraging Level 3 Processing through GiaPay, businesses can qualify for lower interchange rates, resulting in significant cost savings on card transactions while ensuring compliance with payment industry standards.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.