What is Level 2 data processing?

Asked by: Darryl Koch  |  Last update: November 16, 2025
Score: 4.1/5 (40 votes)

Level 2 data processing is more secure than Level 1 because it includes additional data elements that help verify the authenticity of transactions, reducing the risk of fraud and chargebacks. The enhanced data capture also provides better tracking and accountability for each transaction.

What does Level 2 data mean?

Level 2 stock data shows all of the orders that have been placed at prices below the best bid price or above the best ask price. These are limit orders that could be executed if the price of a stock were to fall or rise.

What is the difference between level 1, level 2, and level 3 processing?

In credit card processing, there are three levels of processing that decide the qualification of a transaction: Level 1, Level 2, and Level 3. Each level has its requirement for the amount of information needed to complete a transaction. The higher the level, the more information is required.

What is the difference between Level 2 and Level 3 data?

Level 2 data includes additional information, such as the tax amount, merchant's postal code, and customer code. Level 3 data includes even more information, such as line-item details of the transaction, including product descriptions, quantities, and prices.

What is Level 2 data classification?

Level 2 is restricted data that is available for disclosure, but only under strictly controlled circumstances. Such information must typically be restricted due to proprietary, ethical or privacy considerations.

Level 2 & 3 Data Processing

19 related questions found

What is Level 1 and 2 data?

In conclusion, both Level 1 and Level 2 data provide valuable information to traders in the financial markets. While Level 1 data is widely available and provides a basic view of the market, Level 2 data offers a more detailed view of the market depth and the identities of traders placing orders.

What is PII level 2?

♦ Level II – Sensitive Information: Moderate requirement for Confidentiality and/or moderate or limited. risk of financial loss, legal liability, public distrust, or harm if this data is disclosed.

Does Amex get level 3 data?

Requirements for Level 3 data

American Express: does not offer Level 3 commercial card processing.

What is Level 2 data in payments?

Level 2 processing is designed for business and government transactions that require additional data. This level involves collecting more detailed information beyond the basics of Level 1, such as the customer's tax ID, purchase order numbers, and specific sales tax information.

What is level 2 and level 3?

Level 2 – GCSE at grades 9 to 4 (A* to C), or intermediate apprenticeships. Note that a full Level 2 qualification is considered to be the equivalent of 5 GCSEs (including English and Maths) at grades 9 to 4 (A* to C), rather than single qualifications. Level 3 – Advanced apprenticeships, T levels, A Levels.

What is Level 3 data processing?

Level 3 Processing was originally invented to prevent excess government spending. It allows invoice information, including line-item details, to be passed to the cardholder's bank statement. Credit card issuing banks assign certain interchange fees for different types of cards.

What are Level 1 Level 2 and Level 3 processes?

The approach breaks down Process Mapping into three levels of detail. A Level 1 map shows the process at its highest level with a focus on the “what”, a Level 2 map shows the process in more detail with a focus on the “who does what”, and a Level 3 map focuses on the transactional level with a focus on the “how”.

What are the 3 levels of processing?

Part of Norman's theory, the three levels of processing are visceral, behavioral, and reflective; they provide an approximate model of human cognition and emotion [DOET].

How do you get Level 2 data?

You can get level 2 data by subscribing to our paid data packages or individual market data add-ons. Learn more about real time market streaming data and pricing. Please note: Level 2 data is only available on Questrade Edge platforms (images below are from Questrade Edge Desktop).

What is Level 2 data recovery?

If a HDD circuit board has been damaged or needs to be swapped in order to complete the recovery then we consider it a level 2 recovery. If the user has encrypted their data we also consider it a level-2 recovery.

Is level 1 better than level 2?

Level 1 courses provide basic knowledge, and are ideal if you're new to a subject area. Level 2 courses are slightly more advanced and begin to build specialist knowledge.

What are Level 2 data?

Level II is a general term for a range of stock data that can provide enormous insight into a stock's price action. It can tell you what type of traders are buying or selling a stock and where the stock is likely to head in the near term.

What is level 2 and 3 processing?

Level 2 credit card processing is similar to Level 3 processing, but with less requirements. Just like with Level 3 data, merchants are required to input additional data fields – but typically, the required fields are easier to enter and there are fewer fields to deal with.

What is level 2 billing?

Definition and Purpose: Level II of the HCPCS is reserved for products, supplies, and services not captured by CPT-4 codes. This includes specific items like ambulance services, durable medical equipment, and prosthetics used outside a physician's office.

What is level 2 credit card data?

Along with Level 1 data, such as personal consumer card transaction data, Level 2 data includes tax amount, tax indicator, tax ID, customer code, and shipping information. Different data is collected based on whether the card is American Express®, Mastercard®, and Visa®.

What is the minimum credit score that Amex will approve?

If your credit score is too low to get the American Express credit card your heart is set on, take steps to boost your credit until you have a FICO Score of 670 or higher and you have a better chance of approval.

What is the difference between Level 2 and Level 3 market data?

Level II typically shows up to the 5-10 best bid and offer prices. Level III quotes add greater market depth by providing up to 20 of the best bid and ask prices. Users, primarily brokers and market makers, can also input data directly.

What is level 1, 2, 3 data?

Level 1 includes standard transaction data, such as, date, card number, and total order amount. Level 2 includes Level 1 data plus enhanced transaction data, such as customer reference number, invoice number, and sales tax amount. Level 3 includes Level 2 data plus line item details.

What is Level 2 reporting?

Level 2 Reports reflect statewide (Level 2) data in the Student Information Repository System (SIRS). These reports are made available through distributed applications at the Level 1 Regional Information Centers (RICs) and Big 5 City District data centers, and are aggregated to the region at which they are hosted.

What is a Level 2 data center?

Tier 2: A Tier 2 data center has a single path for power and cooling and some redundant and backup components.