Recurring Billing & Automated Payments

Many merchants believe that they need to store credit card information for recurring billing, refunds, chargebacks, customer service, marketing and analytics. This is not the case.

Advanced eCommerce and tokenization services negate the need for merchants to store financially sensitive credit card information while enhancing support, processing and administrative functions.

IP Solutions offers two solutions for recurring billing:

• The first being tokenization, where clients replace all of the client side credit card data with non-financially sensitive tokens. Clients then send batch payment files to IP Solutions with the surrogate value or token to securely initiate payment. Please note tokens cannot be reverse engineered.
•  The second option is to use our cloud-based automated recurring payments engine, where staff create customer records, assign payment instruments to each customer and then set a recurring payment schedule for each customer. The system then securely stores all of the details in the cloud (Australia) and automatically processes the payments as per the pre-defined schedule.

Please note our services can securely store and tokenize a diverse range of data, the most common being BSB / bank account details and credit card data, others examples being business details, customer details and scanned forms…