Credit card refund from AR on creating a credit memo

AR (11.5.1) does not have functionality to refund credit card payments back to the card holders amount.
Has any one created a custom solution to automate credit card refunds after a credit-memo is created in AR? I mean actually crediting the cardholders account --- not just updating statuses within the Oracle apps.
Thanks for your responses.
- Tushar

DO you use ipayment with a thirdparty Payment vendor ?

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