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From a Press Release dated July 21, 2025, Reston, Virginia In the second quarter of 2025, the ACHNetwork experienced robust growth, driven largely by the continued expansion of SameDayACH. The network processed 8.7 billion payments totaling $23.3 billion total ACHpayments in Q2 2025, totaling $23.3
A cash shortage, a payment delay, and limited payment options. Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). EFT and ACHpayments are fast, secure, and hassle-free.
Smart business owners are discovering that alternative payment methods can solve many of these issues while actually improving the customer experience. There are payment solutions that work better for you and your customers. You need to know about alternative online payment methods. Looking for ways to cut processing costs?
The payment industry is packed with jargon that sounds like it was made to confuse youterms like interchange optimization, chargeback ratio, and merchant acquirer get thrown around like everyones supposed to know what they mean. But unless you work inside a payments company, you probably dont. Customer The person making a payment.
Headlines trumpet the arrival of instant payments, real-time rails, and millisecond processing times as if velocity were the sole measure of progress. Yet this singular focus on speed misses a fundamental truth: enterprises dont just want faster payments—they want smarter, more reliable, and more strategic payment systems.
HERNDON, Virginia, July 18, 2024 – SameDayACH reached new heights of payment volume and value as the modern ACHNetwork posted significant volume and value increases in the second quarter of 2024, Nacha reported. billion ACHpayments in the second quarter, an increase of 6.3% There were 8.3
ACHNetwork Records Strong Growth in 2023 as SameDayACH Surpasses 3 Billion Payments Since Inception mkahn@nacha.org Wed, 02/14/2024 - 01:01 Image Media ACHNetwork Logo with background
NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-DayACH for all financial institutions and their customers. The value of the payments was $4.5 local time, while funds from certain other ACH credits will be available by 9 a.m.
17, 2024 – SameDayACH volume soared 67.5% in the third quarter of 2024, and total ACHNetworkpayment volume rose 7.4% million SameDayACHpayments in the third quarter; the value of those payments rose 38.8% RESTON, Virginia, Oct. There were 355.2 to $844 billion.
23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of SameDayACH ushered in three settlement windows, enabling ACHpayments to be received sameday. via all banks and credit unions. The Road To Process Improvement.
NACHA, the steward of the ACHNetwork, announced Tuesday (Feb. 19) that last year was a milestone year for the ACHNetwork with payment volume climbing to close to 1.5 billion payments. In a press release , NACHA said it is the fourth year in a row that the ACHNetwork added more than 1 billion new payments.
NACHA, national administrator of the ACHnetwork, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. In the latest example, PayPal Holdings Inc. and The Clearing House as partners.”.
And pay the very sameday. NACHA, the payments association behind the ACHNetwork, said Tuesday (Nov. million SameDayACH transactions occurred in October, the first full month after the initial Sept. The total value of those same-daypayments came to $4.9 15) that 3.8
Payment solutions company GreenBox POS has announced a new SameDayACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release. Usually, an ACHpayment issued before the day’s 6 p.m. million payments.
Nacha's request to the Fed to extend submission times for its Same-DayACHnetwork was far from routine for two organizations that had worked together for decades.
The Electronic Payments Association (NACHA), steward and rule maker of the ACHNetwork, recently provided the SameDayACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of SameDayACH transaction volume — some 52 percent, or 6.8
Led by strong growth in SameDayACH and business-to-business (B2B) payments, the ACHNetwork securely handled 31.5 billion payments valued at $80.1 trillion in 2023.
NACHA – The Electronic Payments Association – announced Thursday (Nov. 1) that automated clearing house (ACH) payments totaled more than 5.6 In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. billion ACH debit and close to 2.3 percent increase.
And how fast will people get used to fast — as in faster payments? NACHA, with its SameDayACH offering, is leading the charge for faster payments in the U.S., That year “as a whole,” said Estep, “showed both the continued growth as well as the evolution of the ACHnetwork.”. How fast is fast enough?
From a Press Release dated April 23, 2025, Reston, Virginia The ACHNetwork reported significant growth in both standard and SameDayACH transactions during the first quarter of 2025. This demonstrates continued momentum in electronic payments, with significantly rapid growth in SameDayACH.
In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. SameDayACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?
Hollywood metaphor (almost) aside, there’s another industry near and dear to the Faster Payments Tracker ’s heart, and it’s also producing sequels these days. payment system has embarked on the financial equivalent of a film trilogy with its SameDayACH initiative, an initiative which will bring big changes to the ACHNetwork.
The Electronic Payments Association (NACHA), steward and rule maker of the ACHNetwork, just released findings from the SameDayACH transaction volume data for Sept. SameDayACH is an industry initiative toward faster payments. The results are in.
NACHA wants to quell any anxieties about the rollout of SameDayACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. The association released the latest data on the rollout of SameDayACH thus far with a new report today (Feb.
Transaction volume on the EPN ® system, the ACHnetwork operated by The Clearing House Payments Company L.L.C., in 2024, continuing the trend of yearly ACH volume and value growth. ACH commercial volume last year. per year, as businesses and consumers continued to embrace electronic payments.
On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. According to the data, the number of ACH transactions in 2016 topped 25.6 Overall, B2B payments make up 15 percent of ACHNetwork volume, NACHA found.
Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern SameDayACH and new ways of making ACHpayments easier to use, the release stated.
Forty is the new faster — payments, that is. More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. is now capable of receiving and enabling this same-day capability.
New data shows that the ACHNetwork processed 21.5 It is the third year in a row in which the number of new ACH transactions increased by more than one billion. And the network’s growth rate for last year is the highest since 2008. And the network’s growth rate for last year is the highest since 2008.
US-based National Automated Clearing House Association (Nacha) has revealed growth in SameDayACH and B2B payments, moving 7.5 billion payments in Q2 of 2022.
When it comes to payment rail innovation, transaction speed is often the catalyst driving change. ’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. Same-Day Boosts ACH Adoption.
Phase One of SameDayACH will officially launch in the U.S. It was then that NACHA proposed the shift to settling three times a day, ve days per week, to give consumers and businesses access to more efficient transactions. Final steps toward Faster Payments. And get something done they did.
According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACHNetwork as “thriving.”. More people than ever are benefitting from SameDayACH. billion ACH debit and nearly 2.3
SameDayACH has been a focus for banks since it was proposed in early 2014. Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept SameDaypayments, with the option to originate them. 23 to go smoothly is that the ACHnetwork is already being used by banks and consumers.
With the SameDayACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay.
During the fourth quarter of 2018, ACHNetwork volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-dayACHpayments also reached a new level. billion ACHpayments happened in Q4 last year, including 3.5
The latest data from Nacha found a new record-high growth rate for adoption of ACHpayments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACHpayment to the deployment of SameDayACH.
ACHNetwork volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. NACHA — The Electronic Payments Association said the value of the payments was $4.5 This impressive growth demonstrates that businesses and consumers are choosing to use ACHpayments.”.
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2B Payments. Velo Labs, Lightnet, Visa Collab On Blockchain SMB Payments.
And pay the very sameday. NACHA, the payments association behind the ACHnetwork, said Tuesday that 3.8 million same-day transactions occurred in October, the first full month after the initial Sept. The total value of those samedaypayments came to $4.9 million transactions.
New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. merchants accept touch-free payments.
Less than two months after its implementation, SameDayACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. still has faster payment lessons to learn.
Not only are SameDayACHpayments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. As we learned in last week’s installment of the Countdown to SameDayACH podcast series, the first phase of the SameDayACH initiative launches on Sept.
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