Abstract: Large volumes of financial transactions are processed today across a variety of financial platforms including but not limited to debit cards, credit cards, prepaid cards, e-purse, Automatic Teller Machine (ATM) transactions, and Point of Sale (POS) cards. The vast majority of these relate to discrete transactions undertaken either by the user being physically present at a POS purchase or undertaking an online purchase. However, in many instances, particularly with respect to services, it would be beneficial if the user via financial transaction software systems and/or software applications could authorize periodic transactions in respect to the service and/or wares. It would be further beneficial if the periodic or recurring transactions could be established by the user at a POS and that the timescales of these transactions could be established with high flexibility.