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NACHA ACH Payments Volume Tops 2 Billion

PYMNTS

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. In addition, business-to-business (B2B) ACH payments grew by more than 13 percent and comprise 16 percent of ACH Network volume. billion ACH debit transactions and close to 2.4

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ACH Network Payment Volume Jumps Almost 7 Percent In Q3

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billion ACH debit and close to 2.3 billion ACH credit transactions made in the third quarter of this year. During the same period, direct deposit for payroll and other consumer disbursements represented the largest number of transactions at close to 1.7 billion internet transactions were made, representing a 14.0

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ACH Check Processing: Understanding ACH Fees

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ACH debit ACH transactions come in two main varieties: ACH credit transactions and ACH debit transactions. ACH Credit Transactions: These transactions involve the payer initiating a payment and sending funds to the payee’s account. For instance, a company might be charged a $0.50

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Today In Data: Same Day ACH

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We’re seeing robust use of same-day ACH credits,” said Larimer. As Phase 2 for debit transactions gets underway, the movement represents an option to transition to the two same-day windows now in place for credit transactions. With same-day debit , Larimer said, “consumers know their true balance faster.”

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Debit Surge Has Ripple Effects On Networks And Issuers

PYMNTS

Increases in debit spending helped to buoy results, overall. Consider the fact that, for example, Visa ’s overall payments volume was up 4 percent year over year. For the network giant, debit volumes were up 20 percent to $1.2 trillion, while credit slipped 9 percent.

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ACH Network Processed 21.5B Transactions in 2017

PYMNTS

It is the third year in a row in which the number of new ACH transactions increased by more than one billion. Last year, nine billion ACH credit transactions had a total value of more than $30 trillion, while the more than 12 billion debit transactions had a total value of more than $16 trillion.

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PSCU: Debit Card Spend Growth Above Historic Levels

PYMNTS

The average debit card purchase amount rose 19.9 percent year over year, and the volume of overall debit transactions grew for the sixth consecutive week. Spending behaviors have also changed, with credit card-not-present (CNP) transactions comprising 51.3