The Automated Clearing House Network handled 31.5 billion payments valued at $80.1 trillion in 2023, representing a 4.8% increase in payment volume from the previous year and a 4.4% increase in payment value, Nacha announced.
The ACH Network saw significant growth in same-day ACH payments in the first half of 2023, according to figures released by Nacha.
ABA offered feedback on a recent request by Nacha for comment on four risk management topics that could inform future actions by the organization, although no specific rules have been proposed.
The Automated Clearing House Network processed 30 billion payments valued at $76.7 trillion in 2022, representing a 3% increase in the volume of payments from the previous year, network administrator Nacha announced this week.
B2B payments increased by 15.5% from Q1 2021, with more than 1.4 billion ACH B2B payments made. It’s also a 35.5% increase from Q1 2020,
Banks that retain more of their brokerage activity in-house but outsource functions such as trade execution or clearing to third parties will face bigger hurdles.
As expected, NACHA today increased the dollar limit for same-day ACH transactions from $100,000 to $1 million. The change was executed in collaboration with the Federal Reserve and The Clearing House, the network’s two ACH operators.
As bank customers increasingly turn to electronic payments, the Clearing House today announced that transaction volume on EPN, its ACH network, increased 9.6% in 2021, outpacing the overall 2021 U.S. ACH network volume increase of 8.7%.
Electronic ACH payment transaction volume grew by 8.7% last year, reaching 29.1 billion transactions, according to a report today from NACHA, the electronic payments association.
The American Bankers Association last week urged NACHA not to change rules around financial institutions offering early funds availability due to the lack of statistical evidence, despite anecdotal stories of the practice increasing liabilities.