In just a couple of months, Visa’s new Commercial Enhanced Data Program (CEDP) takes effect. The goal of the program is to reduce fraud and improve the quality of the data that is submitted to qualify B2B and B2G transactions for discounted processing rates.
As your B2B payment experts, we are committed to helping merchants comply with the new CEDP requirements and qualify for the best interchange rates.
Introducing the New PayTrace Product List Feature
We are excited to announce the launch of our new Product List feature, which helps merchants:
- Enter their full catalog of products into the PayTrace Virtual Terminal
- Submit enhanced data with each transaction
- Comply with Visa’s new CEDP requirements
How to Create a Product List
We have created a step-by-step user guide and video walkthrough that show how simple it is to create a custom product list. Check them out now and then get started!
- Log into the Virtual Terminal at https://paytrace.com/login.pay
- Click “Account” in the menu on the left
- Select “Enhanced Data”
- Create your custom product list
Visa CEDP and the PayTrace Product List
For a demo of the new product list feature, as well as an overview of the upcoming CEDP requirements and how they will impact Level 3 transaction processing, check out our video below.
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Questions
For questions about CEDP or the new product list feature, please contact Customer Support at support@paytrace.com or at 1-888-806-6545.