Home » Payments - Bill Collection » Collecting Direct Debit Bill Payments

ACH payments are now part of USA’s way of doing business

NACHA—The Electronic Payments Association - announced that ACH Network’s growth rate for 2017 was the highest since 2008.  In 2017, nine billion ACH credit transactions had a total value of more than $30 trillion and the more than 12 billion debit transactions had a total value of more than $16 trillion, as the infographic below shows:

In addition to ACH Network transactions, which are processed by ACH Network operators, financial institutions surveyed by NACHA reported 4.2 billion “on-us” ACH transactions.

Same-day transactions

Same-day transaction via the NACHA network grew 478% to 75million. Small numbers but growing very rapidly. 


CTMfile take: Death of the check in the USA is still a long way off.


This item appears in the following sections:
Payments - Bill Collection
Collecting Direct Debit Bill Payments
Collecting Payments on the Internet
Paying Payroll, Pensions & Allowances

Also see

Comments

No comment yet, why not be the first?

Add a comment