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Credit Card Re-bill Without Storing the Customer’s Credit Card Number

Posted by Alex Neir on Tue, November 29, 2011 @ 12:20 PM
Credit Card Re-Bill

How does a business re-bill a customer’s credit card after a purchase has been made? Doesn’t storing the customer’s credit card information open up potential liability for a business if that information is breached? These are very common questions related to payment processing with credit cards.

A credit card re-bill is common for businesses that have repeat customers or recurring billing options. It is often an added convenience to offer customers the ability to retrieve their credit card information rather than re-entering it.

For a business to store customer credit card information there are strict Payment Card Industry Data Security Standards (PCI-DDS) that must be adhered to. Credit card information is a primary target for identity thieves and as a result has come under stiffer protection regulations. Designing a properly protected and compliant credit card storage system can be an expensive and cumbersome undertaking.

So how can my business store customer credit card information cheaply and securely?  

The simple answer – outsource the storage. By letting a third party store the customer’s credit card information the business gains all benefits of card information retrieval with zero liability. Outsourcing credit card data storage is a simple, fast, cheap and headache free option that is offered by a number of providers as part of their gateway services. A few of the companies offering this service include The Maxx Payment Gateway, Network Merchants and Authorize.Net.

How does it work? 

Customer credit card information is stored off-site on secure computer servers managed by the company offering the service. Each individual customer’s information is accessible via an online interface or your businesses website (cloud service). A unique key is used to access the customer information and retrieve the credit card details for re-bill purposes. This functionality is typically pre-built and offered as a plugin to the overall virtual terminal or payment gateway service. Since the sensitive data is stored off-site with secure encryption used for retrieval, PCI compliance is maintained and your businesses liability is minimized.

Proper storage of sensitive information entrusted to your business is an important responsibility. Please contact our knowledgeable staff for more information about a credit card re-bill solution for your business. (800)917-8026

Tags: Payment Gateway, PCI Compliance, Credit Card Re-Bill