The present disclosure relates to an automated, secure and reliable payment platform that allows recurrent transactions. Particularly, the present disclosure relates to system and method for supporting recurring payments for retail and commercial purchases in a four party arrangement. The method comprises: initiating (S310) a Visa Schedule Program (VSP) for transactions based on the user’s schedule(s); providing (S320) the user 110 an ability to create, program, and cancel the schedule(s); and generating (S330) an intuitive program schedule 280, due to which the card is not stored as card on file at merchant location, preventing fraud.

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Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.