ACH Network continues its growth in 2019

Wednesday 8 May 2019 11:23 CET | News

NACHA has announced that the ACH Network’s number of payments in Q1 2019 increased 5.8% from 2018, and the daily average volume of payments increased 7.5%.

The ACH Network’s volume exceeded 100 million ACH payments per day for the first time in February 2019.

ACH volume in the first quarter was 6 billion payments: 3.5 billion debits and 2.5 billion credits. Internet-initiated payments rose 10.3% to 1.6 billion. There was registered an increases of more than 9% in both B2B payments overall and in healthcare claim payments, to 927 million and 78 million, respectively. According to the press release, there was also a more than 25% jump in P2P transactions to nearly 36 million.

In addition, there were 52.7 million Same Day ACH payments, up 24% from the same period in 2018.

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Keywords: ACH network, Nacha, ACH payments, online payments, B2B payments, P2P payments, US
Countries: World

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