What Is A Card-On-File Transaction?

Originally published by TokenEx. Written by Valerie Hare. In today’s digital age, more businesses are offering contactless payment methods for customers, such as card-not-present (CNP) transactions. CNP transactions grew 23 percent in 2021 and will continue to gain speed due to the convenience of paying remotely. This includes all types of companies, from gas stations to hair salons. Card-on-file (COF) transactions are a convenient solution that saves time, energy, and money for businesses an...

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