Glossary: 117 software-led payments terms to know
Payrix
FEBRUARY 4, 2025
eCheck, PayPal, etc.) Interchange data (level 2 & level 3 data) Interchange (level 2 & level 3) data refers to specific transaction info submitted by merchants during transaction processing, aiding credit card companies in categorizing payment processors for various interchange rates. Android Pay, Apple Pay, Samsung Pay, etc.)
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