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ACH Payment Volume Grows to 20 Billion Transactions

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NACHA reported that 2011 ACH payment volume totaled more than 20.2 billion transactions, up more than 4% from a year earlier.

The increase was attributed to additional native electronic payments, more online payments by consumers and a rise in the use of the ACH Network for vendor payments and business-to-business transactions, NACHA said Thursday.

Native electronic payments, which are payments that start as electronic, increased about 5% from 2010. This indicates that more customers and businesses are making electronic payments rather than through cash or checks, Janet O. Estep, president and chief executive of NACHA, said in a news release.

Consumer-initiated entries transactions rose about 13% year over year. Direct ACH debit payments authorized through the Internet or a mobile device increased more than 9% and made up about 16.7% of the total network volume.

As for business-to-business transactions, CTX transactions grew by almost 13% and CCD transactions rose almost 5% from 2010.

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Comments (3)
Some other trends are noteworthy:

Healthcare related payments will add 2 Billion + ACH transactions to the network over the next few years as this industry seeks further administrative efficiency.

Third party processors (TPPPs) are also contributing to the ACH volume and we are consequently seeing increasing regulatory activity here (See related article) http://pymnts.com/news/businesswire-feed/2012/april/17/laru-corp-develops-a-solution-for-fdics-2012-third-party-payment-processor-tppp-guidance-20120417007115/

-rd

Posted by Rajiv_Donde | Thursday, April 19 2012 at 10:44AM ET
ACH processing is very popular nowadays.It has a lot of benefits,We can use it for direct deposits, bill payments, and for other such automated transfers.It is safe,money saver and takes less processing time.
Posted by Grace Smith | Monday, May 27 2013 at 1:25AM ET
< a rel='nofollow' href=http://www.ccrebills.com/ach-payment-processing.html">
ACH payment processing is the fastest-growing type of electronic payment.It reduces time and efforts and resources such as paper work,go to the bank etc.
Posted by houstonfisher | Monday, December 02 2013 at 6:52AM ET
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