Revolution payments, the United States-based payment processor and merchant account provider have streamlined its process of commercial cards and interchange fees with its new NetSuite Level III Credit Card Processing Solution. The company’s NetSuite with Level III processing solution provides with simplified payments process and reduces the interchange cost of accepting commercial cards.
The new suite which is the integration of NetSuite and Level III allows invoices to be marked when the transaction is approved. It automatically captures Level III detail to reduce costs on commercial and purchase cards and also post payments in Accounts Receivable (A/R) and General Ledger (G/L). The transaction can be run at the phase of deposits, refunds, credit and memos.
Revolution Payments in its press release said that using this level III data, the supplier can save 30-40% of processing fees on credit cards.
The latest suite is compatible with all the latest NetSuite versions and the latest desktop versions of NetSuite.