CliftonLarsonAllen No Longer Accepting Credit Cards

As of July 1, Minneapolis-based CliftonLarsonAllen (CLA) (FY13 net revenue of $563 million) will no longer accept credit cards as payment, according to the Albuquerque Business First.

According to Georgie Ortiz, managing principal for CLA’s Albuquerque, N.M., office, the decision was made following the increasing number of data breaches in major companies in an effort to protect sensitive client information.

“It was all based on client confidentiality and to make sure we had the data security around that information; that’s really why they did it,” says Ortiz. “They wanted to make sure that we didn’t have any of our client data exposed. The firm just wants to take a careful, conservative approach.”

The firm will accept checks and Automated Clearing House (ACH) payments, an electronic payment service that’s responsible for transactions such as direct deposit, payroll and vendor deposits.

Ortiz says that the firm will likely revisit technology policies as technology changes and determine and whether to start accepting credit cards as payment.