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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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ACH Network Records Strong Growth in 2023 as Same Day ACH Surpasses 3 Billion Payments Since Inception

NACHA

ACH Network Records Strong Growth in 2023 as Same Day ACH Surpasses 3 Billion Payments Since Inception mkahn@nacha.org Wed, 02/14/2024 - 01:01 Image Media ACH Network Logo with background

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Same-Day ACH Puts a Nail in 'Manual' Fraud Prevention

Payments Source

The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.

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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. The value of the payments was $4.5 local time, while funds from certain other ACH credits will be available by 9 a.m.

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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% RESTON, Virginia, Oct. There were 355.2 to $844 billion.

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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.