By Jenny Cosgrave / Yahoo Finance
As Pope Francis arrives in the U.S. for a six-day visit , Catholic churches across the country have high hopes that his stopover will reinvigorate and offer fresh inspiration and spiritual guidance to their congregations.
But when it comes to the church's approach to receiving donations, its failure to adapt to easy online and mobile payment options means it is missing out on billions of dollars and suffering a "30-year dramatic downward slide," experts warn.
Some parishes, which still encourage members to give by cash and check, are missing out on hundreds of thousands of dollars every year said Patrick Coleman, CEO of online giving platform, GiveCentral, which has a client base that is 80 percent Catholic churches.
"We see that between check givers and online givers the average amount of giving over an entire year period is 35 percent more than those that give via cheque and about 90 percent more that give via cash," he told CNBC.