SecurePeriodic allows real time processing of recurring credit card payments on specified dates that suit merchant requirements.

Periodic Payments can be configured in three ways:

Once-Off Payments are payments which will occur on a future date. These may be entered into SecurePay's system at any time, and will be automatically processed at midnight on the specified date. This option benefits businesses who take advance orders for goods or services. E.g. cable TV providers who wish to charge for pay-per-view events the day before the event takes place.

Day-Based Payments are recurring payments which occur every certain number of days. E.g. a company grants a user access to their website for 10-day intervals. If the customer does not cancel their membership, a new fee is deducted every 10 days.

Calendar-Based Payments are recurring payments which occur at calendar-defined time intervals, either weekly, fortnightly, monthly, quarterly, half-yearly, or annually. E.g. an internet service provider charges a flat-rate access fee to their subscribers on the 7th day of every month.

All these payments can be configured in SecurePay's periodic database, and set to start on a given date, and reoccur a given number of times. Periodic payments are configured from a web interface, inside the Secure Merchant Login Website, and encrypted using 128-bit encryption.

All credit card details are stored in SecurePay's database in an encrypted binary format, and are never stored in decrypted form on the system.

The merchant's name and details appear on the customer's monthly credit card statement, so your customer has a record of payments made. Periodic payments can be cancelled at any time via the web interface when they are no longer required.

Note, that it is necessary for merchants to have signed agreements from their customers before setting up periodic payments from their credit card.