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ACH Network Volume Rose Nearly Six Percent in First Quarter of 2018

SAN DIEGO, CA – ACH debit and credit transactions totaled nearly 5.7 billion in the first quarter of 2018, representing a 5.9 percent increase over the same period in 2017, according to data released today by NACHA—The Electronic Payments Association®. The strong uptick demonstrates the widespread use of ACH payments as well as the increased use of Same Day ACH transactions.

Approximately 3.3 billion debit and 2.4 billion credit transactions were made in the first quarter of 2018. During this same period, Direct Deposit for payroll and other consumer credits represented the largest number of transactions at 1.7 billion, a 4.3 percent increase; 1.4 billion internet transactions were made, representing a 14.2 percent increase; business-to-business transactions totaled 848 million, up 7.6 percent; and person-to-person transactions were 28.7 million.

“The ACH Network is a vital component of the U.S. economy,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. “The robust growth demonstrates that the ACH Network provides substantial value to consumers, businesses and financial institutions that need to make payments.”

Same Day ACH transactions also realized substantial growth. In the first quarter of 2018, 42.6 million Same Day ACH payments were made (20.6 million debit and 22 million credit transactions), representing a 220 percent increase from the first quarter of 2017. Same Day ACH credits have been available since September 2016 and Same Day ACH debits went live in September 2017.

“A growing number of ACH users are enjoying the benefits of Same Day ACH,” Larimer continued. “NACHA is seeking to further enhance Same Day ACH capabilities by extending access later in the day, providing faster funds availability, and raising the dollar limit for Same Day ACH transactions.”

NACHA—The Electronic Payments Association is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, NACHA’s efforts benefit the providers and users of those systems. NACHA leads groups focused on API standardization, authors the Quest Operating Rules for EBT and is also the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2017, there was a total of nearly 26 billion ACH transactions. Of these, 21.5 billion ACH payments valued at $47 trillion moved across the ACH Network, and more than 4 billion were on-us transactions within financial institutions.

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