Level-3 Data is a MUST Have in Today’s Government Market
Most government contractors know importance of Level-3 data has become in the current market. And if by some chance you aren’t yet aware, you’ll need to learn very quickly.
Collecting and passing Level-3 financial data has rapidly become a necessity in the government contracting space.
Level-3 processing will soon be mandated for all GSA schedules, and your company should prepared. Here are a few GSA schedules that are now requiring Level-3
PoST Pilot Initiative – Point Of Sale Transactional Data
GSA has rolled out a pilot program across three Multiple Award Schedules to incorporate Point of Sale Transactional Data (PoST).
This pilot applies to select SINs under:
- Schedule 67 – Photo Equipment, Supplies, Services
- Schedule 51 V – Hardware SuperStore
- Schedule 58 I – Professional Audio/Video, Telemetry/Tracking, Recording/Reproducing, and Signal Data Solutions
- FSSI participants for the following business sectors: Office Supply; Print Management; Wireless Telecommunications; Domestic Delivery Services.Schedule contractors will be required to provide Level 3 transactional data on all orders placed with the GSA SmartPay Card holders.
Please refer to GSA’s website www.gsa.gov/post for more helpful information on this pilot.
Schedule contractors will have nine months from the date of award or contract modification to implement the Point of Sale Transactional Data (PoST) requirements.
✔ Reduce costs – Level 3 processing will save you 30%- 40% Visa and MasterCard have .
✔ High ticket savings – The more they spend, the more you save. Experience rates of 1.45% on orders of $6800 or more. When orders rise, your rates reduce.