Ach Electronic Debit

New statistics have just been released by NACHA that reveal valuable insights into the growth of ACH transaction volume in the U.S. According to the organization, B2B transactions are the driving force of ACH transaction growth in the third quarter of this year. So much so that NACHA Chief Operating Officer Jane Larimer describes the ACH Network as “thriving”.

The ACH Network is at the center of commerce in the U.S. It enables moving money and information from one bank account to another through Direct Deposit and Direct Payment via ACH transactions. Each year, the ACH Network moves more than $41 trillion and 24 billion electronic financial transactions.


“Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. “More people than ever are benefitting from Same Day ACH. With the enhancements to Same Day ACH, the ACH Network is delivering the capabilities requested by corporate end users.”


As Same Day ACH functionality continues to expand under the direction of NACHA, it is a little unclear how small and medium-sized businesses (SMBs) are going to embrace the faster payment capability. On the other hand, the major part ACH plays in growing part of businesses’ accounts payable – and other payment operations – is pretty obvious. Industry service providers are also pushing corporates further away from paper checks.


According to experts, ACH is easily the most popular ePayments rail option for B2B transactions in the U.S. today. However, these recent statistics have also shown that they are no the only one. This new data has shed some light on how SMBs are also using other payment rails, like cards and wire transfers.


The following are a few of the key takeaways from this recent research:

  • 896 million B2B ACH payments were completed in Q3, according to the new NACHA release. This signifies a 10 percent year-over-year increase in volume of B2B ACH transactions.
  • 94 percent of corporates surveyed by The Clearing House shared remittance information included with wire transfer payments is valuable. Nearly two-thirds described this feature as “very valuable”.
  • 24 percent of small businesses said they carry a balance on their credit cards from month to month.


Does your small or medium-sized business need more information on the benefits of ACH electronic debit? Consider working with an alternative payment processor that can help your business setup the multiple payment processing options it needs to grow and thrive.


Author Bio: Electronic payments expert Blair Thomas is the co-founder of high-risk payment processing company eMerchantBroker. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.