Today In Data: ACH Network Sees Record Growth

By  |  April 17, 2017
 | 
NACHA ISO 20022 Confusion

As the world of eCommerce continues to skyrocket, so does the world of electronic payments. It’s likely that at the current rate, physical cash may become obsolete in the not-so-distant future.

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    The Electronics Payment Association NACHA announced significant increases in the ACH Network transactions.

    Here are the numbers:

    $25.6 billion | Amount of 2016 overall ACH monetary transactions

    5.3 percent | Percentage increase of ACH transactions from 2015 to 2016

    52 percent | Percentage increase in number of ACH same-day direct deposits

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    12 billion | Number of ACH debit transactions processed

    38.5 percent | Percentage of P2P payments increase


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