Level-3 Line-item Detail

Level-3 line-item detail was designed to support business-to-business and business-to-government credit card use. Level-3 line item detail provides specific purchase information such as Item Description, Quantity, Unit of Measure, Price, and more. This information is very useful to key agency personnel to help streamline accounting and business practices and to merge payment data with electronic procurement systems.

Level-3 information contrasts with the basic data that appears on a Level-1 consumer credit card statement (like the ones you probably receive) - which consists of only the Transaction Date, Dollar Amount, Merchant Name, and City/State. Level-1 information is often inadequate to document business-to-business and business-to-government transactions.

Ninety percent (of Purchasing Managers) reported that receiving Level-2 / Level-3 data from a supplier is important when making a purchase card transaction using electronic purchasing. (Source: Visa USA survey)

Level-3 line item detail information provides:

• A basis for electronic commerce
• Simplified transaction accounting and reconciliation
• Capability to audit purchases and ensure policy compliance
• Information for supply and commodity management

Click here to view a Level-3 features comparison chart