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Same-day ACH payments soar

Payments Dive

The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.

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Same Day ACH Reaches New Heights as ACH Network Volume Increases

NACHA

HERNDON, Virginia, July 18, 2024 – Same Day ACH reached new heights of payment volume and value as the modern ACH Network posted significant volume and value increases in the second quarter of 2024, Nacha reported. billion ACH payments in the second quarter, an increase of 6.3% There were 8.3

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Same Day ACH Volume Rose 67.5% in the Third Quarter of 2024

NACHA

17, 2024 – Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% These results are continued proof of the robust adoption of Same Day ACH.

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Data: Same-day ACH volume vs. fraud

Payments Source

financial institutions have made same-day ACH funds available without seeing any major shifts in fraud. But observers warn that as same-day ACH introduces broader access and bigger transactions, it will become a bigger temptation for fraudsters. More than half of U.S.

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ACH Network Sees Strong Start to 2025; Volume and Value Increases for Both Standard and Same Day ACH

NACHA

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NACHA Approves Expansion Of Same Day ACH

PYMNTS

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. Funds from Same-Day ACH credits processed in the existing first window will be made available by 1:30 p.m. local time.

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How to Choose Between EFT vs ACH: A Comprehensive Guide

Stax

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 ACH payments are fast, secure, and hassle-free. EFT and ACH offer more security and convenience than cash and checks, but they also come with limitations.

ACH 88