U.K. Charity Direct Debit Cancellations Highest Ever in August

Press release (Sept. 8, 2011) London — The Charity Direct Debit Cancellation Rate for August 2011 has been recorded at an all time high at 4.58% in the U.K. This is the highest cancellation rate seen in the month of August since Rapidata Services Plc, the charity transactions processing agency, began tracking regular giving trends eight years ago in 2003. The figure exceeds the August 2008 mid-recession figure of 4.4%.