recently announced that its new “Debit Only” card payment method product is now available through all its payment acceptance channels.
Organizations that don’t want their customers to rack up debt as a result of their payment but still want to offer the processing security and convenience of a card can take advantage of this new product can be after attaining permission from the card associations.
“Many churches believe that creating debt in order to tithe or contribute to the church for other needs such as building programs go against the teachings of their faith. Heretofore, the congregation members could only make these contributions by check or cash. Now with this payment product, the church member can use their bank card association's branded check card as a method of payment or use our ACH payment processing rather than the inconvenience and insecurity of cash,” said Michael Long, PDS CEO, in a statement.
He added, “Any of our current churches that are enrolled today as ACH only will be candidates for this offering as are any other churches that have completely avoided on-line giving as they previously had no real solution until now.”
Recently, Payment Data announced that the fourth quarter of 2011 set a record for transactions processed by the company. The fourth quarter's ACH (electronic check) processing volumes were the highest in the history of the company with transaction volumes showing increases of 118 percent when compared to third quarter of 2011.
ACH returned check transactions increased 125 percent compared to the same period. Credit card processing volumes for fourth quarter were also the highest of any quarter in the previous two years.
During the month of December, the company saw credit card dollars processed increase by 40 percent over November of 2011 and increased by 26 percent over same period in 2010. 2011's ACH processing volumes were the highest in the history of the company. The year's ACH transaction volumes were up more than 800 percent as compared to 2010.
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Rahul Arora is a TMCnet contributor. He has worked as an editor and freelance writer for several reputed organizations in India. To read more of his articles, please visit his columnist page.
Edited by Jennifer Russell
