SOURCE: BluePay, Inc.

BluePay, Inc.

March 08, 2010 09:00 ET

BluePay, Leading Provider of Merchant Account Services, Introduces Level 3 Processing for Merchant Accounts

Leading Chicago Payment Processing Company Adds Level 3 Processing for Detailed and Secure Business-to-Business Transactions

CHICAGO, IL--(Marketwire - March 8, 2010) -  BluePay, a leading provider of merchant processing services for industries such as retail, restaurant and e-commerce, announced recently that they have expanded their business-to-business transaction capabilities to include Level 3 processing. For companies dealing with government purchases, B2B transactions, or corporate purchasing accounts, Level 3 processing provides the detailed reporting customers need, while also delivering lower processing rates (as low as 1%) for the merchant. By offering this detailed level of credit card processing, BluePay is able to provide a more convenient and accurate approach to business transactions and reporting.

"Our goal is to provide customers with the most convenient and secure processing solutions available, which includes helping businesses reduce costs and improve revenue. With Level 3 processing, companies can make business-related purchases at a significantly lower transaction rate. Because of the additional information fields required to qualify for Level 3 processing, companies not only save money on transactions, but also receive more accurate reporting for better business," says Kristen Gramigna, Director of BluePay.

Not all gateways are certified to handle Level 3 processing, which requires 12 total fields of data to transmit in order to process credit card payments. In addition to the supplier name, sales tax amount and customer code collected though Level 1 and 2 processing, Level 3 transactions require information such as quantities, product codes and descriptions, and duty amount.

In addition to providing detailed reporting on business-to-business and business-to-government transactions, Level 3 purchasing cards allow the customers -- businesses, government representatives, organizations and corporations -- to control the types of transactions made on the card by limiting the types of business through which purchases are made. This advantage eliminates the risk of inappropriate spending on the company credit card.

"At BluePay, we're committed to helping businesses run smoothly and efficiently through secure networks and comprehensive services. From small-business owners to large corporations, we're here to make processing credit cards more convenient, accurate and affordable for everyone. Our wide range of services, including nonprofit processing, accounting integration and Level 3 processing capabilities, further establishes BluePay as a one-stop solution for secure payment processing," says Gramigna.

About BluePay: Dedicated to connecting merchants with great payment processing tools, BluePay (http://www.bluepay.com) understands the need for quick, easy, and inclusive payment solutions. BluePay is a full-service, Tier 1 credit card processor based out of Naperville, Illinois, with offices and data centers located across the United States. They leverage extensive industry experience and a comprehensive suite of credit card merchant account services to provide a complete system of credit card processing solutions with competitive rates.

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