Priority Commerce Launches SeatGeek Integration to Help Teams and Venues Reduce Payment Costs

Key Terms

level iii transaction data technical

Level III transaction data is a detailed set of information sent with a commercial or government card payment that goes beyond basic card number and amount to include line‑item details, tax, shipping and billing addresses, purchase order numbers, and other invoice-level fields. Think of it like a grocery receipt attached to a credit card charge: it helps banks and merchants match, verify and classify purchases more precisely. For investors, the availability and processing of Level III data can affect payment processors’ fee revenue, merchant cost savings through lower interchange rates, fraud reduction, and the efficiency of corporate expense reconciliation.

interchange rates financial

Interchange rates are the fees set by card-issuing banks that are paid to them by the merchant’s bank each time a credit or debit card transaction is processed; merchants typically cover these costs through their payment service provider. Think of it like a small toll paid on each card sale where the issuing bank receives the toll and the merchant pays for access to card networks. These fees matter to investors because they influence retailers’ payment costs and are a major revenue source and regulatory focus for payment networks, banks, and companies that process card transactions.

card-not-present financial

Card-not-present describes a payment where the buyer’s payment card is not physically swiped or inserted at a point-of-sale—common with online, phone, or mail orders. For investors, it matters because these transactions carry higher fraud, dispute and processing risk than in-person sales, which can increase costs, reduce margins and affect revenue reliability, much like renting a car remotely rather than handing over keys in person.

card-present financial

A card-present transaction occurs when a payment card is physically presented to a merchant’s point-of-sale device so the cardholder’s identity and the card’s chip or magnetic stripe can be read directly. Like handing cash or a card to a cashier rather than paying remotely, card-present sales typically have lower fraud risk, different fee and authorization patterns, and rely on in-person hardware and workflows, which affects retailers’ costs, payment processors’ revenue mix, and operational risk assessments.

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ALPHARETTA, Ga.--(BUSINESS WIRE)-- Priority Commerce today announced a production-ready integration with global ticketing leader SeatGeek that gives sports and entertainment organizations access to Priority Commerce’s advanced payment capabilities.

The integration gives SeatGeek’s roster of more than 100 partners—including teams, venues, leagues, and other enterprise ticketing clients—the option to use Priority Commerce for payment processing.

At the core of the integration is Priority Commerce’s support for Level III transaction data, an advanced business-to-business standard that captures detailed line-item information. This capability allows participating SeatGeek partners to significantly reduce payment processing costs by unlocking lower interchange rates on eligible commercial card transactions.

In addition to cost savings, the integration connects Priority Commerce’s payment infrastructure directly with SeatGeek’s platform to support both card-not-present and card-present transactions. The result is a seamless payment experience across the full ticketing commerce ecosystem.

“Modern sports and entertainment organizations need a commerce partner that provides total command of their payments environment,” said Tom Priore, CEO of Priority Commerce. “This integration delivers the advanced tools teams and venues need to maximize their cash flow and optimize operational control to drive higher profits.”

“Priority Commerce is a strong addition to the SeatGeek platform,” said Chris Sanger, VP of Payments & Compliance at SeatGeek. “It gives our partners more choice in how they manage their payment operations, and access to new financial tools.”

About Priority Commerce

Priority Commerce delivers payments and banking solutions that power connected commerce. Through a unified platform of payables, merchant services, and banking and treasury, we help businesses manage money more effectively and unlock growth. The Priority Commerce Engine accelerates cash flow, improves working capital, reduces costs, and creates new revenue opportunities. Learn more about Priority Commerce (NASDAQ: PRTH) at prioritycommerce.com.

About SeatGeek

SeatGeek was founded in 2009 when three live event fans had the crazy idea that modern technology could improve the live event-going experience for everyone – fans, teams, and artists. Today, SeatGeek offers a trusted marketplace for fans to easily buy and sell tickets to the events they love and provides primary box office technology for some of the most prominent names in sports and entertainment globally.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260804663878/en/

Media contact
Alison Jones
alison.jones@prth.com

Source: Priority Commerce