Dual Message Account Funding Transactions (AFTs) to Establish a Recurring Payout Transaction (CIT)

Account Funding Transactions allow a payment service provider to debit funds from a cardholder's Mastercard or Visa account to fund a non-merchant account. This is typically used to load funds onto prepaid cards and electronic wallets.

Dual Message Account Funding Transactions (AFTs) provide the following benefits:

Using the credential-on-file transactions, customers can set up recurring transfers, for example transferring $50 to the customer's wallet each month. To set up such a transaction, the customer needs to create a Customer Inititated Transaction (CIT) that establishes the frequency, amount and duration of the recurring transfer. This information is then saved so that follow on Merchant Initiated Transactions (MITs) can occur on the customer's behalf.