Remove Credit Transaction Remove Direct Deposit Remove NACHA
article thumbnail

ACH Network Payment Volume Jumps Almost 7 Percent In Q3

PYMNTS

NACHA – The Electronic Payments Association – announced Thursday (Nov. In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. “The The ACH network is thriving,” said Jane Larimer, chief operating officer of NACHA, in the press release. NACHA also said that 1.5

article thumbnail

NACHA Releases Same Day ACH Stats

PYMNTS

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. The first phase launched in September of last year, making ACH credit transactions eligible for same-day processing. million transactions, totaling $5.9

article thumbnail

ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

These financial institutions all follow ACH rules and regulations by the National Automated Clearinghouse Association (Nacha). ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. A typical ACH transaction is like a machine with multiple moving cogs.

article thumbnail

What is ACH Credit and ACH Debit and How Do They Work?

Stax

It’s like a direct deposit from one account to another, but unlike wire transfers, they are not subject to a fee by the processing banks. How Much Do ACH Credit Transactions Cost? Effectively, these are payments that the customer initiates and pushes their funds to the intended recipient.

ACH 88
article thumbnail

PYMNTS Daily Data Dive: Same Day ACH

PYMNTS

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 52 percent, 6.8

article thumbnail

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

article thumbnail

Cash Flow, Each And Every (Same) Day

PYMNTS

In an interview with PYMNTS’ Karen Webster, Jan Estep, CEO of NACHA, delved into some of the more significant data points tied to Same Day ACH. $5 That’s the dollar value of Same Day ACH transactions that NACHA saw across the network through the month of October. That’s represented by “web ACH credit transactions,” said Estep.