Credentials on File (CoF) is an innovative solution that allows businesses to securely store customer payment details for on-demand or automatic future payments.Customers save their ABA account or their credit/debit card once, and they can make future payments without re-entering their card details or scanning a QR code using their Banking or Wallet app. It turns a multi-step checkout into a seamless, one-click experience.
Before booking a trip (e.g., PassApp), the user selects their linked ABA account. Once the trip ends, the saved method is charged.Customer Initiate Transaction
Food Delivery Checkout
A hungry customer (e.g., Grab) completes their order by selecting their stored Visa card at the final checkout screen.Customer Initiate Transaction
Instant Wallet Top-up
A user manually triggers a balance refill within a gaming or loyalty app by "pulling" funds from their linked ABA account.Customer Initiate Transaction
Parking Auto-Pay
When you leave a parking lot, the system automatically charges the parking fee to your saved payment method, so you don’t need to pay manually.Merchant Initiate Transaction
ISP & Utility Overages
An internet provider charges for extra data usage or "Add-on" packs at the end of a billing cycle based on the customer’s pre-authorized link.Merchant Initiate Transaction
Booking No-Show Fees
A boutique hotel in Siem Reap triggers a penalty charge if a guest fails to show up for a booking they secured with their "Account on File."Merchant Initiate Transaction