A recurring payment is a credentials-on-file (COF) transaction in a series of payments
that you bill to a customer for a fixed amount at regular intervals that do not exceed
one year between transactions. The series of recurring payments is the result of an
agreement between you and the customer for the purchase of goods or services that are
provided at regular intervals. Recurring payments are also known as
subscriptions
.Mastercard uses standing order and subscription payments instead of recurring payments. See Mastercard Standing Order Payments and Mastercard Subscription Payments.
Recurring Billing Service for Recurring Payments
Do not use this document for the Recurring Billing service.
Use the
Recurring Billing Developer
Guide
. When
you use the Recurring Billing service, Cybersource
saves and
stores payment credentials for recurring transactions, ensuring compliance with
COF best practices.