DENVER--(BUSINESS WIRE)--eWise today announced the entry of Secure Vault Payments to the nonprofit market at the 48th Annual Association for Fundraising Professionals International Conference. FamilySearch International has signed a pilot agreement with U.S. Bank to evaluate Secure Vault Payments (SVP) as a secure and convenient online payment option for FamilySearch.org patrons to make online donations.
Secure Vault Payments is a safe, secure and private online payment network developed by NACHA — The Electronic Payments Association® and eWise, a provider of online payment & personal financial management solutions.
“FamilySearch is enthusiastic about the integration of the Secure Vault Payments pilot project into its online donation process,” said Ransom Love, senior vice president of strategic relations for FamilySearch. “Secure Vault Payments could provide a step into the future of e-donations for FamilySearch because it significantly lowers any costs or risks associated with financial e-transactions. Our e-donation customers will appreciate not having to disclose their bank account information online when making a charitable contribution — a benefit provided through SVP’s technology.”
The only payment method designed specifically for the unique security and convenience requirements of online payments and e-commerce, Secure Vault Payments allows donors to make online donations through their financial institution’s online banking site without enrolling, registering or sharing any account information with the nonprofit organization. The financial institution authenticates the donor and provides the nonprofit with real-time authorization and confirmation of ACH transactions, typically at lower processing fees.
“Secure Vault Payments is a natural fit for the nonprofit market,” said Richard Brierley-Jones, Executive Vice President of eWise. “Nonprofit organizations consistently face restrictive budgets with growing program needs. Secure Vault Payments helps them to reduce costs while offering a superior payment option.”
Nonprofit organizations interested in joining the Secure Vault Payments network should contact Dean Seifert, Senior Vice President, eWise, at email@example.com.
FamilySearch International is the largest genealogy organization in the world. Millions of people use FamilySearch records, resources, and services to learn more about their family history. To help in this great pursuit, FamilySearch has been actively gathering, preserving, and sharing genealogical records worldwide for over 100 years. FamilySearch is a volunteer-driven, nonprofit organization sponsored by The Church of Jesus Christ of Latter-day Saints. Patrons may access FamilySearch services and resources free online at FamilySearch.org or through over 4,600 family history centers in 126 countries, including the main Family History Library in Salt Lake City, Utah.
eWise is partnering with NACHA to provide the Secure Vault Payments network, utilizing its Online Banking ePayments (OBeP) technology and account management services. eWise is a payments and online financial management solutions provider with a reputation for providing innovative solutions that make transacting online easier and more secure. eWise offices in US, UK, China and Australia support some of the world’s top 50 financial institutions with solutions delivering outstanding, proven ROI for its customers and a better online experience for millions of end-users worldwide. For more information, visit www.ewise.com.
About NACHA — The Electronic Payments Association
NACHA manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data. The ACH Network serves as a safe, secure, reliable network for direct consumer, business, and government payments, and annually facilitates billions of payments such as Direct Deposit and Direct Payment. Utilized by all types of financial institutions, the ACH Network is governed by the NACHA Operating Rules, a set of fair and equitable rules that guide risk management and create certainty for all participants. As a not-for-profit association, NACHA represents nearly 11,000 financial institutions via 17 regional payments associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholders to enable innovation that strengthens the industry with creative payment solutions. To learn more, visit www.nacha.org and www.securevaultpayments.org.