Reply to PTA issues

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[quote=Anonymous][quote=Anonymous]As a state leader for PTA, it is completely against the national standards of affiliation to use Venmo. According to the National PTA Finance Policies & Procedures Manual, cash received from donations should be deposited into the bank as soon as possible. If funds can't be immediately deposited, they should be securely locked on school premises, such as the school safe. Funds should never be kept in a member's home, or deposited into a personal account, school account, or the account of any other organization or group. PTAs should avoid using peer-to-peer (P2P) platforms such as Venmo, Zelle, or Cash App for banking needs. These platforms aren't developed to serve groups, especially nonprofits like PTAs, and do not support nonprofit accounts or offer bank level security. 
Instead, PTAs can use online payment collection systems designed for business use, such as PayPal, Square, Stripe or merchant account such as Givebacks (formerly Memberhub). Authorized expenses may be paid from this type of account as long as all PTA financial policies and procedures are followed. 
If a PTA accepts credit cards as a form of payment, they must comply with all rules and procedures required to stay in compliance with Payment Card Industry Data Security Standards (PCI DSS). Following these standards can protect PTAs from issues of liability and fraud.

If your PTA is collecting funds into any personal accounts or P2P accounts,  you risk losing your PTA charter and may face legal consequences as well.  I highly suggest that any PTA that is doing this stop and correct your process as soon as possible.  As someone who has seen this happen to our state,  it is a very drawn out process to try to obtain a charter again after it is revoked by National PTA. Please contact your state PTA for guidance and assistance when running your PTA. Forums such as these will not provide you with accurate information unless they are a board member of a state or National PTA.
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This is true except for Zelle which absolutely offers bank level security, standards and can be setup for use by groups.  Groups need to check with their bank if they offer it for their account.[/quote]

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