Recurring Billing subscriptions support installment payments (see Installment Subscriptions) and recurring payments (see Recurring Subscriptions).
A subscription ID, also known as a payment token (see Secure Acceptance), which you can store on your server, is a unique identifier that cannot be reverse-engineered. It is generated to replace sensitive card and billing information.
Recurring Billing protects sensitive cardholder information in order to comply with industry standards and government regulations and can prevent the theft of card information in storage. The Recurring Billing solution is compatible with the Visa and Mastercard Account Updater service. All payment information stored with CyberSource is automatically updated by participating banks, thereby reducing payment failures. See the Account Updater User Guide (PDF | HTML) for more information.
|
Recurring Billing can be used only to collect scheduled payments from customers, not to disburse payments. |