The Post covers Obama’s fundraising and issues associated with raising contributions over the internet.
Sen. Barack Obama’s record-breaking $150 million fundraising performance in September has for the first time prompted questions about whether presidential candidates should be permitted to collect huge sums of money through faceless credit card transactions over the Internet.
The FEC issued an advisory opinion in 1999 to Bill Bradley for President, Inc. The opinion addressed contributions submitted by credit card through the internet. The opinion noted:
The Committee intends to use the services of an Internet credit card processing vendor which has the capability to compare the contributor information submitted to the Committee with the name, address and other billing information on file with the issuer of the contributing credit or debit card.