CardOnFile (CoF)
About 117 wordsLess than 1 minute
2025-03-07
CoF
When card details are stored to simplify the checkout process for returning customers, this can be used for one-click payments, pay-per-use services, or any recurring payments that do not follow a fixed schedule. Regular payments that occur on a fixed schedule are called subscriptions. If merchants meet PCI Level 1/2 compliance, they can store card details themselves.
