Card on File
Product Overview
Credential-on-File (COF), also known as stored credential, refers to transactions where the cardholder has authorized the merchant to securely store their card details for future use. These stored card transactions enable merchants to initiate future purchases or recurring charges without requiring the cardholder to re-enter their card information. When a card is stored, the security code (CVV) does not need to be provided for subsequent transactions, streamlining the payment process while maintaining security and convenience.
Who is this for
The Credential-on-File (COF) feature is designed for merchants who want to enhance their customers' payment experience by securely storing card information for future transactions. This is particularly beneficial for businesses that offer subscription services, recurring billing, or any scenario where customers frequently make repeat purchases. It’s also ideal for merchants looking to streamline the checkout process, reduce cart abandonment, and improve conversion rates by eliminating the need for customers to repeatedly enter their payment details.
How it works
Availability
This feature it is available in Brazil, Colombia and Chile.
Integration
To learn more about how to integrate the card on file solution click here.
Getting help
We hope this article was enlightening, but in case we’ve failed to take out your doubts you have the following options to keep on seeking for answers:
- If you’re not our partner yet and would like to know more about our prices and conditions please fill our this form and our commercial team will get in touch with you.
- In case you’re already our partner please get in touch with our support team at integration@ebanx.com.