This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the SameDayACHtransactionvolume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of SameDayACHtransactionvolume — some 52 percent, or 6.8
In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of SameDayACH debuted last September. 2016 and July 2017.
The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the SameDayACHtransactionvolume data for Sept. SameDayACH is an industry initiative toward faster payments. million transactions, totaling $5.9
In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of SameDayACH has gone smoothly, with a live debut last September. We’re seeing robust use of same-dayACHcredits,” said Larimer.
. “Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH network provides.”. billion ACH debit and close to 2.3 billion ACHcredittransactions made in the third quarter of this year. billion ACH debit and close to 2.4 billion, which is a 3.7
ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. The ACH Network is thriving, and has achieved a milestone of more than 2 billion payments in one month,” said Jane Larimer, chief operating officer of NACHA. In addition, close to 1.5
And in the latest installment of Data Drivers, statistics show that the recently launched SameDayACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. Drilling down into the 4 million transactions, a significant carve-out — 1.9 13 percent.
The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that SameDayACH debit volume will grow at a rapid or steady rate.
2017 marks another significant achievement in the evolution of the ACH Network, as transactionvolume was exceptionally strong and SameDayACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. percent increase in business-to-business transactions (3.3
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content