Wednesday 13 July 2011

Cheques Campaigning success for IoF

The announcement that cheques will be kept as a valid payment method following the Payment Council's investigation into their future is a major success for charity fundraisers and the Institute of Fundraising 'save our cheque' campaign.

According to an announcement on the Payment Council's website "cheques will continue for as long as customers need them and the target for possible closure of the cheque clearing in 2018 has been cancelled."

Simon Morrison, Director of Marketing and Communications at the Institute of Fundraising, comments:

'We are delighted that the Payment Council has disposed with the proposed end date for cheques.

'This will make a world of difference to a lot of our members, especially as some charities currently receive up to 80% of their funding by cheques. For a large cohort of donors cheques are a preferred method of donation.

'However, the next generation of secure payment still needs to be investigated by the Payments Council.'

(Source: Institute of Fundraising)

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