Skip to Content

Tag Archives: Level-3 and contractors

Government Contractor Lending Programs: Another Arrow in the Quiver for Banks

Many banks, especially in the Washington, DC area, have developed special programs for lending to federal contractors.  These include Virginia Commerce Bank, John Marshall Bank, First Virginia Community Bank, Capital Bank, Virginia Heritage Bank, Sandy Spring Bank, Xenith Bank, United Bank, Access National Bank, Cardinal Bank, Bank of Georgetown, and Freedom Bank of Virginia.  These institutions understand that working with businesses that have the government as their main customer requires specialized knowledge and expertise.

Washington Technology had an article about one… Read More »

Government’s Federal Strategic Sourcing Initiatives Gets More Momentum

A memo released by the Office of Management and Budget (OMB) on December 5, 2012 focused on continuing to new direction on federal procurement practices. As OMB’s Deputy Director Jeffrey Zients notes in his Dec. 5 memo, “One key way agencies have saved money is by pooling their spending, either by centralizing the agency’s contracting decisions or by using government-wide strategic sourcing vehicles, in order to lower prices and reduce duplication and reduce administrative costs.” Building on established… Read More »

More Strategic Sourcing Is Coming! Are You Prepared?

In a recent article at the Federal Times, Sarah Chacko wrote about the impending changes to the Strategic Sourcing Initiative.

The GSA implemented Strategic Sourcing Initiatives to reduce costs and improve the overall procurement experience. According to the GSA, FSSI has been implementing strategic sourcing solutions for the government since 2005.  The initiative has proven results that include cost savings, improved management visibility and adoption of industry and government agencies best practices. The initiative also has helped improve government management of commonly purchased goods… Read More »

Government Charge Card Abuse Prevention Act Finally Passed

In previous posts, we have mentioned that a new law was in the works that would require federal agencies to put new safeguards and controls on government charge card use by federal employees.  As Jack Moore of Federal News Radio reports, the Government Charge Card Abuse Prevention Act of 2012 was signed into law on October 5th, and agencies will now face stricter rules for issuing and tracking government charge cards.  The legislation was introduced by Sen…. Read More »

The Confusion Behind Level 3 (Part 2)

In an earlier article, I wrote about how the cost of processing a credit card (the interchange) is dependent on multiple factors such as the type of card issued, how it is processed, and the type of business that it is used in. Taking the data that is required a step farther, below is a summary of the required data elements that make up all levels of processing:





Merchant Name



Read More »


In a recent blog ( at GovLoop, Jaime Gracia writes that:  “A recent protest decision . . . illustrates the reality of the federal budget: price is the most important factor in source selection decisions.”  And : “Firms will need to tighten belts even further, as cutting the margins to the bone is the only way firms can expect to win business.”   It is evident that cutting costs by as little as one percent could mean the difference between… Read More »

The Confusion Behind Level 3

Often times when the subject of level 3 processing comes up, a blank stare and glazed eyes all of a sudden come to life. Many government contractors just don’t understand the nature of how credit card transactions qualify with the credit card processing networks, let alone how the money magically appears in their bank account or how the fees that they are charged for those transactions are calculated.

While Visa/MasterCard Interchange tables, the mechanism that determines how much the card transactions… Read More »

Why Level-3 Data is a Must Have in Today’s Government Market

If you are a government contractor, you know how important this issue of Level-3 data has become in the current market. And if by some chance you aren’t yet aware, you’ll need to learn very quickly, as collecting and passing Level-3 financial data has rapidly become a necessity in the government contracting space.

The benefits provided by Level-3 data are compelling. Level-3 data allows government contractors to save 40-50% off of their charge card processing fees. Level-3 data provides granular purchase… Read More »