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Nacha Says Faster Payment Demand Drives 37% Surge in Same Day ACH Volume

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Nacha Says Faster Payment Demand Drives 37% Surge in Same Day ACH Volume

Same Day ACH saw year-over-year increases of about 37% in volume and 32% in value in the third quarter as it met user demand for faster payments, Nacha said in a Tuesday (Oct. 20) press release emailed to PYMNTS.

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With those increases, the total number of Same Day ACH payments reached 470.4 million in the third quarter, while the value of those payments rose to $1.3 trillion, according to the Nacha, which governs the ACH Network.

“Both the number of Same Day ACH payments, and the value of those payments, show the significant role that Same Day ACH plays in helping to meet the nation’s faster payment needs,” Nacha President and CEO Jane Larimer said in the release.

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Overall, during the third quarter, the ACH Network saw year-over-year increases of about 6% in volume, which reached 9.3 billion payments, and 10% in value, which reached $25.6 trillion, according to the release.

B2B payments volume increased 9.7% to about 2.3 billion. Nacha attributed this growth to organizations continuing to move away from checks.

5% in direct deposit. 2 billion in direct deposit, according to an infographic released Tuesday by Nacha.



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