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Industry Practice Transactions
Industry practice transactions are MITs performed as follow‑on actions to a previous CIT.
Although not all of them require stored credentials, repeated use of credentials
qualifies them as COF transactions.
These industry practice transactions and industry examples are available with your
processor:
- Delayed charges: Used to add charges after the initial transaction is complete. Examples: hotels (minibar, damages), car rentals (tolls), travel (post-trip charges), and health and wellness add-ons.
- Reauthorizations: Used when an authorization expires before fulfillment. Examples: long hotel stays, extended rental agreements, multi-week equipment rentals, and delayed subscription boxes.
- No-shows: Used when a customer fails to appear for a reserved service for these industries: hotels, rentals, healthcare missed appointments, and restaurant reservation deposits.
Business Center Transactions
Business Center
TransactionsYou can create an industry practice transaction in the
Business Center
by
requesting a new authorization. Go to the Transaction Management section and confirm
that the new authorization is a MIT. Choose one of these reasons for the
authorization:- Account Top Up
- Delayed Charges
- No Show
- Reauthorization
- Resubmission
IMPORTANT
These options are not available through all processors.
This process requires you to have already stored the customer's credentials from a
previous customer-initiated transaction. For more information on storing a
customer's credentials in the
Business Center
, see Customer-Initiated Transactions with Credentials on File.