Broken Payments: How to Keep More Recurring Revenue

Broken Payments: How to Keep More Recurring Revenue

stack of credit cards September 12, 2016 By: Darrell Dick

As associations increasingly offer recurring payment options to their members, customers, and donors, they face the accompanying challenge of declined credit cards due to expiration or reissuance. Some payment processors, however, are beginning to offer solutions to easily update cardholders' data and maintain their recurring payments.

Recurring payments and donations are what they sound like: payment transactions that occur over repeated, periodic cycles without interruption. They're not new when you think about it—utility providers and many nonprofits have been driven by them for decades. ...