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 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.
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