Routing
Interchange optimisation
Techniques (Level 2/3 data, correct MCC, network token, right BIN routing) that qualify transactions for lower interchange categories.
Related terms
Interchange
The fee paid by the acquirer to the issuer on every card transaction, set by the schemes.
Level 3 data
Line-item transaction data (item code, quantity, unit price, freight) required to earn the lowest commercial-card interchange tiers.
Smart routing
Algorithmic selection of an acquirer or MID per transaction to maximise approval rate, minimise cost, or both.
Related guides.
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