2055-10 MMM via eCHECKs as of 05-31-10


TOPIC Helping with DEPUTIZED  Money Pledges                                                                ORIGINATED  May 31, 2010

TOPICAL OVERVIEW:   Dialog about using electronic resources to assist Donors complete their money pledge
                   agreements with
DEPUTIZED Missionaries.

       FILE: 2055-10                                                                                                                               UPTDMarch 09, 2012

From  Jim Bramer
    I am convinced that all of us should be using all of our available tools to have money timely come to a Missionary Unit as a Donor completes their financial pledge.  I have outlined below a way to do this, but please grasp these terms before you read the balance of this.


     >>    Missionary Unit =  A DEPUTIZED Missionary including their family
     >>    MMM = Missionary Money Management
     >>    HLPER = A remote person (Often a HOMER) who serves the Missionary Unit as their agent
           via the use of the Internet to care for some of these MMM transactions
     >>    eCHECK = An electronic check via the Debit Card process
     >>    DONOR = Money supporter who has agreed/pledged to make a repetitive money donation
           to this DEPUTIZED Missionary Unit.
     >>    DEPUTIZED = The authorized individual Missionary Unit (it usually is a family) serving via
           the Missionary Agency who must go out and "raise" their financial support.
     >>    Missionary Agency = The corporate Ministry ---- A  501 � (3) ---  tax exempt organization
           under which the Missionary Unit is serving


      Also please take to time to digest the general ideas FOUND HERE before you read here about a step further as the HLPER electronically sees that an eCHECK is written for the periodic donation by the DONOR to the DEPUTIZER Missionary Unit account at the Missionary Agency.
      Please note that it is NOT the Missionary Unit (DEPUTIZER), or the Missionary Agency, who takes the eCHECK electronic action.   It is the remote HLPER who does all of this electronically as they make sure that the donation is timely processed so that the DONOR does not have to remember to do it and the DEPUTIZER  Missionary Unit can concentrate on important Ministry activities ----- but they can count on the pledge money coming in timely during the time of the pledge.

                                                                       Features Clarification

     a>     The eCHECK process is the same as the DONOR electronically writing a check
           to the Missionary Organization via the pre-authorized Plastic Debit Card process
     b>     The HLPER uses Email to give the DONOR a three day advance notice of
            the upcoming action that the HLPER is going to take.
     c>      If the HLPER hears nothing back then the HLPER completes the eCHECK
            process and the money is electronically transferred from the DONOR�s bank to
            the Missionary Agency�s bank as it is credited to the DEPUTIZER Missionary
            Unit�s account.
     d>      But if the DONOR does not have enough money in their bank for this eCHECK,
            or, if the DONOR prefers this process,  then the donation is electronically processed
            to the Missionary Organization�s bank via the DONOR�s Credit Card system

       All of this resembles what has been described in the Contemporary SCHAR effort when you CLICK HERE.

From Onliner:

        If I understand this process correctly,  the overall objective is to see that the Missionary has their promised donation-money on time.   Plus the process of doing this is passed along to a HLPER who simply does it on behalf of both the Donor and the Missionary using this eCHECK tool, or process.  By doing this it is one less essential administrative task that the Missionary no longer is required to do, etc.  
        This could materially assist the Missionary, but how does this benefit the DONOR?  
From Jim Bramer
        Of course,  such action is not feasible for some of us old timers who are not comfortable with all of this.  
        But we are assuming that the Donor is accustomed to using the various contemporary resources that enables them to do such things as  the following:
        1>       Receive and Send Email --- doing applicable Internet researching, etc.  
        2>       Going to a vendor's website and arranging for an electronic payment that is
                automatically charged to the Donor's Bank Account as their bill is repetitively paid
                in this manner.
        3>       Going to the website of a Church or a Missionary Organization and allowing
                them to electronically charge the Donor's bank account and credit theirs as you
                make a repetitive donation, etc.
        4>       The Donor goes Online at anytime and views the equivalent of their Bank Statement
        5>        Uses either the Credit Card or Debit Card plastic resources to do the bulk of
                 any of their buying

From Onliner:     
          OK ----  that makes sense, but why not have the Donor use such contemporary means and have the money go directly to the Mission Organization like some do in the above 3> process.
From Jim Bramer

        This is possible, but this MMM process involving a committed HLPER and the overall Plastic process is another option that folk might be more comfortable with.   For example, some Donors like to righteously use their Credit Cards and get benefits like free Airline miles
From Onliner:     
      Thanks, Jim ......   thank you for presenting some more means to accomplish these things.

          As most of you know, at  www.bcidot.org   we dialog by email with Onliners regarding Ministry Finance (MinFin) matters.  Above are what we call "Edited Onliner Dialogs", or edited versions of actual dialogs with some of you;  but we have honored your privacy and not used your name or that of your Ministry.  Our purpose is to make topical MinFin  information available to any interested  Ministry Finance Team  so we all can learn from these perspectives.   Thanx - Jim Bramer, Retired Auditor-CPA  - Proverbs  9:10