These are the newest features for the Payflow Gateway.
Card on File (CoF). A transaction in which a cardholder authorizes a merchant to store their payment details and bill the stored account.
- Paymentech Salem
Online refunds. Today, cardholders have real-time, 24/7 access to their online banking apps through smartphones and other devices. They are more aware than ever of how quickly purchase information is updated to their account. However, cardholders also have become increasingly aware that the same flow of information does not exist on purchase returns (credits).
To provide the same level of information for purchase returns, card brands introduced an authorization on credit transactions. This provides card issuers with real-time information about returns to their cardholders.