Visa recently published a reminder on the stored credential framework. Introduced in 2017, Visa designed the framework in response to the growing number of merchants and digital wallets storing cardholders’ payment credentials and using these for future purchases.
Stored credentials are information stored by merchants or other parties to process future cardholder purchases, such as when a cardholder provides their payment details to a hotel to cover future reservations, or to a retailer to instantly check out the next time they shop.
The stored credential framework requires you to take certain actions whenever you store a cardholder’s details for future use:
store_for_future_use
set to true
or set up an unscheduled payment agreement at the same time as you store the cardholder’s details. This will ensure that the stored information is validstore_for_future_use
flag in the request – we’ll manage this on your behalf as these payments will always require you to store the cardholder’s details As well as helping your business comply with scheme rules, issuers are more likely to authorize stored card payments that follow the framework.
If you need advice or support with updating your integration, please don’t hesitate to contact your Checkout.com representative and we’ll be happy to help.