June 18, 2014
Written by
James Davis
Written by James Davis
Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights. Read more

Reviewed by
Kathrine Pensatori
Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. Read more

Most Popular Cs of Recurring Billing

Recurring Billing Solution

Before implementing a specific recurring billing solution, a business must address each of the separate aspects, related to recurring payment platform implementation. Four key aspects to be taken care of are sometimes referred to as creation, compliance, conveyance and collections.

Particular important issues associated with creation component of the recurring billing process include types of subscriptions, payment plans and payment methods used by customers, as well as security of payment pages used for recurring billing.

PCI compliance component involves such critical issues as storage of cardholder data, tokenization methods to be utilized, and ownership of credit card data.

Conveyance of payments calls for establishment of relationships with payment gateways, payment service providers, acquirers, and, sometimes, for direct relationships with processors. A company may have relations with multiple of the listed types. Usage of soft (or dynamic) descriptors is another important issue related to conveyance component of recurring billing.

Collections component of recurring billing process is related to declined transaction recycling collection of debts. Functionality behind collections component must embed effective mechanisms for reconciliation, recycling of declined transactions, updating of cardholder information, dunning management and chargeback handling.

More detailed information on each of the listed components can be found in respective article “4 Cs of Recurring Billing” on Paylosophy.com.

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