Your Check is Not in the Mail: Understanding Electronic Payment Methods for Receivables

CPE Credits: 
Session Time: 
Monday, May 20, 2019 - 2:40pm to 3:55pm
Field of Study: 

As more options for electronic payments become available, local governments may look to new technology as a way to better serve the public. The expansion of traditional online payment methods as well as new options like virtual wallets, mobile apps, self-service devices, and other payment applications, requires finance officers to understand both the benefits and limitations of each and to make decisions that balance the interests of the government and the customer service demands of the public. This session will explore the world of electronic payments, discuss the necessary internal controls and systems to accept different electronic payments, and walk through recommended receivables policies for local governments.