Finauren breaks down Visa’s new program, including the current timelines, how we plan to support it, and how it will affect Level 2 and Level 3 transaction processing rates.
CEDP explained
Visa has announced its new Commercial Enhanced Data Program, which aims to improve the overall quality of the additional data that is submitted to qualify corporate and government card transactions for discounted processing rates, and reward merchants for the accuracy of the enhanced data they submit.
Visa will be using this new detailed level of transaction data to automate reconciliation, provide information to assist with card program auditing, help scan for cardholder misuse or abuse, adjust corporate policy, and more.
What this means for Level 2 and Level 3 transaction processing
Visa is increasing the data requirements for Level 3 interchange rates, and will be verifying the data to determine if merchants qualify. With the new program, Visa is also eliminating Level 2 as an interchange tier and will expand the BINs that qualify for Level 3. This new program will affect our Level 2 and Level 3 interchange optimization feature and the processing fees/rates applied to those transactions.
What Finauren is doing to comply
As your B2B payment experts, Finauren has always been focused on making B2B payments as simple and seamless as possible. We are committed to compliance and data quality, and have been working closely with Visa and the processing networks to make sure we update our platform ahead of the date that the new program goes into effect. Our platform will continue to help merchants submit quality line item data for transactions, with minimal user intervention, to qualify for the best possible rates.
CEDP timeline and key dates as published by Visa
April, 2025
- Visa Commercial Solutions (VCS) will start to verify merchants by validating merchants’ Level 2 and Level 3 data accuracy
October, 2025
- Level 3 qualification will apply
- New Level 3 interchange rates go into effect
April, 2026
- Visa will expand the types of cards that qualify for Level 3
- Level 2 interchange rates discontinued by Visa
Where to go with questions
As each processor’s participation and enforcement may vary, please first check with your processor with any questions on what data to submit, supporting the changes, etc.
Finauren will also provide continuous updates to our partners, integrators, and merchants, including information on how the updates will affect your Finauren account and/or services.
CEDP Preview: What can your (invoice) data do for you?
A preview of the changes coming to help qualify transactions for reduced Level 3 rates under Visa’s new Commercial Enhanced Data Program (CEDP) As previously posted, Visa has announced its new Commercial Enhanced Data Program (CEDP). The goal of the program is to improve the quality of the data that is submitted to qualify B2B and…
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