Course description
Nonprofit Recurring Payments: Best Practices and Compliance
Keep your nonprofit compliant with a better understanding of online payment requirements. Preauthorized recurring payments are a great way to collect monthly pledges or membership dues, but they also require the right technology and processes to ensure that you maximize the collectability and comply with the rules of the relevant oversight organizations such as NACHA, PCI Counsel and Government agencies. This topic helps the people responsible for managing or oversight of donation or membership payment processing understand best practices as well as technology and compliance issues associated with preauthorized payments. This information is critical for nonprofits and associations that either have or want to establish automatic payment systems for members or donors.
Learning Objectives
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Who should attend?
Training content
- Recurring Payment Basics
- Advantages of Recurring Payments
- Differences Between Credit Card and ACH PaymentsTechnology Considerations
- Authorization/Enrollment
- Secure Storage of Payment Information
- Declines/Returns
- Account Updating
- Types of Payment ToolsCompliance
- PCI Compliance
- NACHA Compliance (E-Checks)
- ROSCA ComplianceMethods to Encourage Preauthorization
Costs
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Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...