\n
The commercial world has something to teach churches. Patricia Clark, writing for the Bloomberg News, April 21, 2015, wrote the following: Why We Still Use Checkbooks to Pay the Rent.<\/p>\n
In 2007,Arlington (Va.)-based property management company Avalon Bay Communities made a seemingly obvious decision. The company stopped accepting rent at its apartment buildings, and started making tenants send payments to a centralized office. Renters could put checks in the mail or use a new online system to transfer payments from one bank account to another. Eight years later, 89 percent of the company’s 80,000 tenants pay their rent by electronic transfer.<\/p>\n
It makes sense. Electronic payments save landlords the time spent waiting for postal service, as well as the trouble of processing checks. For tenants,electronic payments mean they can pay rent the way they already pay most bills. Across the U.S. economy, check use fell57 percent from 2000 to 2012, according to the most recent data from the Federal Reserve. That’s particularly true for young renters, according to payments-industry giant First Data, which found that more than 20 percent of millennials have never used a check to pay a bill.<\/p>\n
Most young renters only have a checkbook to pay the rent, says Jonathan Eppers, chief executive at RadPad, a Santa Monica (Calif.)-based startup that facilitates electronic rent payments.<\/p>\n
A survey published by the National Multifamily Housing Council found that 79 percent of renters would prefer to pay electronically. Checks, as a common way to pay rent, will almost certainly go away, eventually.<\/p>\n
This is typical of what is taking place in the habits of how people make payments. The church shouldn’t have its head in the sand.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Make Contributions More Convenient The commercial world has something to teach churches. Patricia Clark, writing for the Bloomberg News, April 21, 2015, wrote the following: Why We Still Use Checkbooks to Pay the Rent. In 2007,Arlington (Va.)-based property management company Avalon Bay Communities made a seemingly obvious decision. The company stopped accepting rent at its… Continue reading Electronic Payments<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-134","post","type-post","status-publish","format-standard","hentry","category-blog","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8FugP-2a","jetpack-related-posts":[{"id":459,"url":"https:\/\/rdsadvantage.com\/v1\/electronic-funds-transfer-etf-payments\/","url_meta":{"origin":134,"position":0},"title":"Electronic Funds Transfer (ETF Payments)","author":"admin","date":"12\/16\/2013","format":false,"excerpt":"Make It Easier And Faster Now you can make your payments to RDS Advantage and RDS Connect on-line, using Electronic Funds Transfer (ETF). No checks to write No mailing No schedules to remember No cost to process or pay Make recurring monthly or single payments Uses ACH processing (Automated Clearing\u2026","rel":"","context":"In "Blog"","block_context":{"text":"Blog","link":"https:\/\/rdsadvantage.com\/v1\/category\/blog\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":455,"url":"https:\/\/rdsadvantage.com\/v1\/nearly-80-of-u-s-noncash-payments-are-now-electronic\/","url_meta":{"origin":134,"position":1},"title":"Nearly 80% of U.S. Noncash Payments Are Now Electronic","author":"admin","date":"01\/08\/2014","format":false,"excerpt":"A study by the Federal Reserve 2009-2010: Electronic payments (those made with cards and by ACH) now collectively exceed three-quarters of all noncash payments while payments by check are now less than one-quarter. The increase in electronic payments and the decline of checks can be attributed to technological and financial\u2026","rel":"","context":"In "Blog"","block_context":{"text":"Blog","link":"https:\/\/rdsadvantage.com\/v1\/category\/blog\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":473,"url":"https:\/\/rdsadvantage.com\/v1\/understanding-creditdebit-card-processing\/","url_meta":{"origin":134,"position":2},"title":"Understanding Credit\/Debit Card Processing","author":"admin","date":"07\/02\/2013","format":false,"excerpt":"Two different types of businesses handle credit\/debit card transactions: Payment Processors and Aggregators. Payment Processors are primary payment gateways. They are the middleman between main processing banks and vendors. RDS chose Vanco because it is a PCI-compliant gateway. More than 12,000 religious and nonprofit organizations nationwide currently rely on Vanco\u2026","rel":"","context":"In "Blog"","block_context":{"text":"Blog","link":"https:\/\/rdsadvantage.com\/v1\/category\/blog\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":457,"url":"https:\/\/rdsadvantage.com\/v1\/receive-gifts-and-payments-electronically\/","url_meta":{"origin":134,"position":3},"title":"Receive Gifts and Payments Electronically","author":"admin","date":"12\/20\/2013","format":false,"excerpt":"Give your members the convenience of on-line contributions and payments. On average, people pay by check for only 5% of their payments. Vanco Services is integrated with your RDS accounting system to automate data entry. People can make debit or credit card and ACH (electronic fund transactions) contributions and payments\u2026","rel":"","context":"In "Blog"","block_context":{"text":"Blog","link":"https:\/\/rdsadvantage.com\/v1\/category\/blog\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1154,"url":"https:\/\/rdsadvantage.com\/v1\/not-just-another-app\/","url_meta":{"origin":134,"position":4},"title":"Not Just Another App","author":"admin","date":"10\/07\/2016","format":false,"excerpt":"The goal in designing the Unite App was not to just have another church app. The goal was to provide churches with a tool that accomplishes these initial features: Help members, pastors and staff become better acquainted Make it easy to visit and communicate with each other Enable convenient ways\u2026","rel":"","context":"In "Blog"","block_context":{"text":"Blog","link":"https:\/\/rdsadvantage.com\/v1\/category\/blog\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":969,"url":"https:\/\/rdsadvantage.com\/v1\/fast-checks\/","url_meta":{"origin":134,"position":5},"title":"Fast Checks","author":"Dick Webber","date":"01\/22\/2016","format":false,"excerpt":"New application for fast check processing Streamlined entry with fewer input requirements. Expenses are not recorded until the check is written and posted. No need to select invoices for payment because checks are written and posted directly from the entry. Only one posting is required. No knowledge of Transaction Codes\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/rdsadvantage.com\/v1\/category\/news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/posts\/134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":2,"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/posts\/134\/revisions"}],"predecessor-version":[{"id":630,"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/posts\/134\/revisions\/630"}],"wp:attachment":[{"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/categories?post=134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rdsadvantage.com\/v1\/wp-json\/wp\/v2\/tags?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}