Remove Credit Transaction Remove P2P Remove Same Day ACH
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

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. Same Day ACH is an industry initiative toward faster payments. Direct Deposit comprised 52 percent of Same Day ACH volume, or 6.8

article thumbnail

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.

article thumbnail

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 internet transactions were made, representing a 14.0 Close to 1.5

article thumbnail

Cash Flow, Each And Every (Same) Day

PYMNTS

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. Drilling down into the 4 million transactions, a significant carve-out — 1.9 13 percent.

article thumbnail

Payfinia Receives $4.5 Million from Star One Credit Union to Launch CUSO

Finovate

So far, the IPX solution has displaced 25% of same-day ACH transactions, with 53% fewer fraud losses compared to same-day ACH and an 83% reduction in operational overhead for P2P payment networks.” . “The IPX solution empowers our members to take control of their cash flow.

article thumbnail

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 billion ACH debit transactions and close to 2.4

NACHA 49