The Michigan Automated Clearing House Association reported a 22.8% growth in its commercial transaction volume for 1993, well above the 16.4% national average.

The Detroit-based clearing house said its member financial institutions exchanged 86.2 million paperless debits and credits that originated in the private sector.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.