- Direct Payment is ideal for recurring payments, including loan and insurance payments, newspaper subscriptions, health club membership dues, utility and cable bills, investments, and charitable contributions.
- Direct Payment goes by many names, including automatic bill payment, automatic debit, electronic bill payment, or direct debit. However you see it named, the process is always the same.
- Research shows that Direct Payment helps consumers save and invest more each month, reduce late payment fees, and donate to charitable organizations more regularly.
- Direct Payment improves cash flow, saves time, and enhances customer service and donor loyalty for companies of all sizes, including non-profit organizations and charitable institutions.
- Problems with Direct Payment are rare. If a problem ever does occur, it is easy to resolve.
- More than half of all U.S. households use Direct Payment for at least one recurring payment (according to NACHA). More than half of all U.S. households use Direct Payment for at least one recurring payment (according to NACHA). The number of Direct Payments increased to 2.75 billion payments in 2008, an increase of almost 5 percent. Four out of five consumers who use it say they are very satisfied with it. Four out of five consumers who use it say they are very satisfied with it.
- About 35 percent of FICO scores is based on payment history, including detail on timely payments and late or missed payments. A late payment can stay on your report for up to seven years. Direct Payment ensures that you never have a late or missed payment.
- Research shows that Direct Payment can save companies and non-profits an average of 11.5 cents per payment (versus checks) in reduced processing costs.
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For non-profits that rely on donations, fulfillment rates for pledges paid by Direct Payment average 98%- as much as 50% higher than with mail-based monthly donor programs.
"For us, Direct Payment is a win-win service. The university benefits through higher donor retention and gifts, and lower processing costs, and donors benefit through increased convenience. A high percentage of donors who give automatically through Direct Payment continue giving year after year. And many of them increase their contributions each year."
- The Ohio State University,
Columbus, Ohio
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