Recurring Payments and 3RI
Learner designs recurring payments, including mandates, merchant-initiated transactions, and 3RI flows, and explains authentication, consent, and failure handling for repeat charges. Learner applies this skill in realistic banking scenarios, with clear examples and correct terminology throughout.
Recurring payments and 3RI: subscriptions, system-triggered payments, and the myCommerce project.
What You Can Do After This Chapter
Learning objective. Learner designs recurring payments, including mandates, merchant-initiated transactions, and 3RI flows, and explains authentication, consent, and failure handling for repeat charges. Learner applies this skill in realistic banking scenarios, with clear examples and correct terminology throughout.
Practical assessment. Learner designs a recurring payment for a 15 dollar monthly subscription, covering first payment authentication, mandate creation, and subsequent merchant-initiated charges. Learner then handles three failures, an expired card, insufficient funds, and a revoked mandate, stating the retry rule, the customer message, and the next action for each failure. Learner submits all work with sources, calculations, and assumptions stated clearly, and reviews the result against the chapter checklist before submission.
Expected deliverables.
- Recurring payment design document
- 3RI flow diagram
- Failure handling table for three failures
- Mandate and consent record template
Completion criterion. Learner covers authentication, mandate, and merchant-initiated steps correctly, and handles all three failures with the right retry rule and message. Completion is judged on accuracy, completeness, and clear written explanation throughout.