Collections/Payment Processing

CDS Global, one of the nation’s largest billing and remittance processing providers, announces the acquisition of PayDQ, a leading provider of Electronic Bill Presentment and Payment (EBPP) solutions. This expansion to CDS Global’s product suite enables the organization to manage the comprehensive billing and payment processing needs of billers. From paper-based remittance processing and mailing services to e-billing and e-payments, including solutions for mobile, Interactive Voice Response (IVR), walk-in and remote deposit capture, CDS Global has become a one-stop shop for the marketplace.

Fundraisers typically don’t give much thought to this part of online donation processing systems until something goes wrong, as it has recently in several high-profile cases involving major for-profit companies. The reality is that online credit card processing is very safe and secure, thanks in large part to the Payment Card Industry Data Security Standards (PCI DSS) created by the PCI Security Standards Council (PCI SSC).

WikiLeaks announced via Twitter that it will now be accepting donations of Bitcoins, a wholly digital and theoretically untraceable currency. Bitcoins are created with cryptographic functions and then stored and exchanged without the help of banks. So in theory the currency prevents any institution from tracking the flow of money, and prevents any bank from either blocking transfers to a certain party or freezing anyone’s account.

Corduro, a global mobile payments provider, announced its new app for iPhone and Android devices. For the first time, sole proprietors, charities or retail establishments can leverage reader-free card payments via smartphone and tablet devices at a sharply lower cost and enjoy a host of social integrations that turn recurring payments into long-term relationships. The app is also an e-wallet that facilitates easy and quick payments to any individual or business on the Corduro network.

Austin, Texas (June 16, 2010) —

Convio (Nasdaq: CNVO), a leading provider of on-demand constituent engagement solutions that enable nonprofit organizations to more effectively raise funds, and PayPal today announced an agreement that will enable nonprofits to quickly and easily implement PayPal to collect donations online.

PayPal will be a part of Convio’s integrated services, making it simple for Convio’s 1,300 nonprofit clients to add PayPal to their site and collect donations. PayPal’s nonprofit services include comprehensive reporting tools and discounted rates for 501(c)(3) charities.