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Now that same-day clearing is coming to the automated clearing house network, payments players are starting to parse the impact the faster settlement time will have on emerging payment methods that rely at least in part on the ACH. While many payments executives are enthusiastic about the change, some experts …
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Same-Day ACH Volume Maintains Growth Pace
Same-day ACH transactions helped fuel a strong first quarter for the automated clearinghouse network. Nacha, the governing body for the automated clearing house network, reported early Tuesday that same-day ACH transactions totaled 273.7 million during the quarter, a 47% increase from the same period a year ago. The dollar value …
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Booming Same-Day ACH Volume Is Up 22%
Volume for automated clearing house transactions cleared and settled on the same day they’re initiated increased 22.3% in 2023, signaling the embrace of same-day ACH by the payments industry, Nacha says. Same-day processing was launched nearly eight years ago. Nacha, a rulemaker for the ACH network, says overall ACH volume …
Read More »As Instant Payments Make Headlines, Same-Day Payments Continue to Lift the ACH
Growth in same-day automated clearing house volumes slowed in the second quarter, but same-day ACH is still posting impressive gains from 2022, according to the latest data from ACH governing body Nacha. Herndon, Va.-based Nacha says the second quarter saw 199.4 million same-day ACH payments, up 7.7% from 185.1 million …
Read More »It’s Continued Velocity for Faster Payments on the ACH As Same-Day Dollar Volume Grows 95%
Faster-payments networks are forming to take advantage of a perceived appetite among consumers and businesses to move money at a quicker pace, but one such service that has been available since 2016 is reporting booming jumps in volume. Nacha, the Herndon, Va.-based organization that manages the nation’s automated clearing house …
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Same-Day Payments Continue to Pay off in Volume Gains for the ACH Network
While the payments business moves toward real-time transfers, faster payments on the nation’s automated clearing house network continue their dramatic rise following a 10-fold increase in the transaction dollar limit earlier this year. Transactions cleared the same day they’re initiated totaled 176.6 million in the quarter ended Sept. 30, up …
Read More »A New $1-Million Same-Day Limit Makes Itself Felt in the ACH’s Latest Results
The U.S. automated clearing house network saw a double-digit increase year-over-year in transactions in the second quarter while dollar volume ballooned 94%, the network operator Nacha reported Tuesday morning. The volume of all transactions on the system, meanwhile, reached 7.5 billion, up from 7.3 billion in the first quarter. Helping …
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