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Today In Data: Same Day ACH

PYMNTS

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 Same Day ACH debuted last September. 2016 and July 2017.

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For NACHA’s Same Day ACH, The Debit Debut

PYMNTS

In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September. We’re seeing robust use of same-day ACH credits,” said Larimer.

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NACHA ACH Payments Volume Tops 2 Billion

PYMNTS

In addition, business-to-business (B2B) ACH payments grew by more than 13 percent and comprise 16 percent of ACH Network volume. ACH has seen its share of growth over the past year. In July, NACHA announced that debit and credit transactions totaled more than 5.7 According to NACHA, there were more than 3.3

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ACH Network Payment Volume Jumps Almost 7 Percent In Q3

PYMNTS

. “Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH network provides.”. billion ACH debit and close to 2.3 billion ACH credit transactions made in the third quarter of this year. billion ACH debit and close to 2.4 billion, which is a 3.7

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ACH Network Processed 21.5B Transactions in 2017

PYMNTS

2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. The network saw an increase in all transactions for 2017, including a 5.6