What are card-on-file payments?

Card-on-file transactions are payments processed using a debit card number for a recurring payment or service with a merchant or service provider:

Examples:

• Online retailers (Amazon, Wayfair)
• Movies, music and eBook download services (Netflix, Pandora)
• Online payment services (PayPal, Digital Wallet)
• Prescriptions
• Clothing websites
• Cable or television service
• Utilities
• Music subsciptions
• Magazine subscriptions
• Radio subscriptions
• Gym membership
• Insurance premiums