March 2007

IATS is pleased to announce the launch of an ACH/EFT service. This new product will allow nonprofits the ability to collect donations directly from their supporter’s bank account.

“The rise of monthly giving programs has been significant in the last few years and IATS already helps organizations around the world collect these donations efficiently and cost effectively by credit card” said Tom Epplett, COO of IATS, “it was a natural next step for us to develop a way for the same organizations to collect these recurring payments directly from their donors bank account”.

ACH (Automated Clearing House) or EFT (Electronic Funds Transfer) is already a hugely popular method of payment in the UK, where recurring giving programs are one of the most popular ways to support a nonprofit.

"With the addition of this new ACH service" continued Tom "we are one step closer to being able to provide nonprofits with all of their donation processing needs, and as a result, reduce the amount of time and money spent administering donations."

For more information on this new service please click here  or call IATS at 866-300-4287.