What is another term for additional commercial card data?

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Prepare for the Certified Compensation Professional (CCP) Electronic Transactions Association (ETA) Exam with flashcards and multiple choice questions. Each question includes hints and explanations to enhance your understanding. Get ready for your CCP exam today!

Level 2 data refers specifically to additional commercial card data that provides more detailed information about transactions made with commercial payment cards. This type of data includes information such as tax amounts, invoice numbers, and other details that are relevant for businesses to track expenses, manage budgets, and conduct reporting more effectively.

Commerce often requires a higher level of detail to ensure better financial management and compliance. Level 1 data typically encompasses basic transaction information, such as the transaction amount and merchant category, but does not include the supplemental details found in Level 2 data. By having access to Level 2 data, businesses can streamline their reconciliation processes and gain deeper insights into their spending patterns, which is essential for effective budgeting and forecasting.

Transaction data and account data are generally broader terms that may not specify the additional level of detail associated with Level 2. As such, they do not specifically denote the type of detailed commercial card data that Level 2 represents.

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