Non-Profit’s Unique Payment Processing Needs

At the NACHA Mega Meeting, September 29-30, we listened to an esteemed trio of panelists, American Red Cross, Faith Direct, and Star of Hope; discuss nonprofit payment processing. During an economic period where overall charitable contributions are down, payment simplification is paramount for non-profits.  Americans gave more than $307 billion in charitable donations despite the economic conditions in 2009. However, total giving, when adjusted for inflation, was down 3.6 percent. This was the steepest decline since the Giving USA annual reports began in 1956.