A regular payment (other than a direct debit or standing order) collected from a customer's card account by an originator, in line with the customer's instruction. Recurring transactions are not covered by the Direct Debit Guarantee.
A credit card transaction, which has been permitted by a customer, that is periodically charged to the customer's account. . (i.e. weekly, monthly, quarterly).
a transaction processed to an ANZ card account by a merchant (retailer or service provider) on a regular basis under an authority given by the relevant account holder or additional cardholder (eg
A transaction that is periodically charged to the cardholder's account for ongoing goods or services, for which written permission has been granted by a cardholder to a merchant.
A transaction type in which cardholder's account (with prior permission) is charged periodically for recurring goods and services.
A transaction that is charged to the cardholder on regular scheduled intervals for goods and or services provided.
A particular type of transaction where the customer has authorised repeat debits to be taken from their credit card. To process these transactions, you will need a recurring transaction capable merchant ID. Some banks may refer to these transactions as continuous authority transactions
A transaction in which a cardholder has given a merchant permission to periodically charge the cardholder's account.
See: Recurring Billing, Recurring Payments. A transaction mode used for regular payments (monthly fees, subscriptions etc.).
A transaction charged to a cardholder's account (with prior permission) on a periodic basis for recurring goods and services, i.e., health club memberships.
the periodic removal of money from the account of buyer, proceeding on the basis of agreement.
A credit card transaction permitted by a customer that is periodically charged to the customer's account on a weekly, monthly, or quarterly basis.
An authority to charge a transaction to a credit or charge card at regular intervals (typically monthly), granted by the cardholder to a merchant, retailer or other service provider. The term 'recurring transaction' may apply equally to one of the transactions or to the authority under which these are charged. Also sometimes known as a Continuous Authority Transaction.
A transaction charged to the cardholder (with prior permission) on a periodic basis for recurring goods and services, i.e., health club memberships, book-of-the-month clubs, etc.