The New York State Bar Association to Offer New Member Benefits
Albany, NY, January 19th, 2016 – The New York State Bar introduced its newest member benefit with the addition of LawPay Credit Card Processing. LawPay allows bar members to easily accept credit and debit cards from clients.
The LawPay partnership will provide guaranteed legal protection of trust accounts and reduced processing fees for all bar members, as well as personal account management, personal service, client support, and PCI (Payment Card Industry) compliancy.
LawPay gives firms the ability to separate earned and unearned fees when accepting credit cards, essentially eliminating the risk of commingling attorney and client funds. This separation keeps firms compliant with the American Bar Association and most state bar guidelines for trust accounting. The ABA and IOLTA Guidelines require attorneys to handle transactions between their trust and operating accounts correctly.
With the LawPay program attorneys can accept credit cards with confidence knowing their transactions are handled correctly. As the only payment program specifically designed for the legal industry, LawPay has the experience and knowledge to give your firm complete support.
As a proud new member benefit to the New York State Bar Association, attorneys can trust their transactions to LawPay.
About the New York State Bar Association
For more than 135 years, the New York State Bar Association has shaped the development of the law, educated and informed the profession and the public, and responded to the demands of a changing society. Today, with a membership of more than 74,000 lawyers, representing every town, city and county in the state, the New York State Bar Association is the largest voluntary state bar organization in the nation.
The LawPay solution is designed to correctly separate earned and unearned fees to avoid commingling funds when accepting credit card payments. More importantly, LawPay contractually protects your client funds by restricting the ability of any third-party from debiting monies from a Trust or IOLTA account. LawPay works with over 90 bar associations across the country, including the American Bar Association, to ensure our program is up-to-date and in compliance.