The head of the ACH Network says same-day ACH payments have grown “significantly” in 2023. In the first six months of the year, the value of those payments was nearly $1.2 trillion, a 51.7% increase from the prior year, while the volume of same-day ACH (automated clearing...
Software-as-a-service (SaaS) platform Wix.com is collaborating with global payments company Choice to bring Automated Clearing House (ACH) electronic funds transfer payments to Wix’s U.S.-based merchants. This account-to-account payment option will enable retailers using Wix to access Choice’s ACH payments infrastructure and its omnichannel software solution,...
The national Automated Clearing House (ACH) network for electronic funds transfers moved 7.5 billion payments totaling $19.6 trillion in the second quarter of this year, led by growth in same-day ACH and business-to-business (B2B) payments. The second quarter marked the first time that the same-day...
The accelerated digitization caused by shutdowns and operational restrictions during the pandemic inspired a series of financial experiments, many of which have shown that they have proven staying power. For example, 55% of chief financial officers (CFOs) now say ePayables with virtual cards are used...
April 08, 2022
The global health crisis pushed businesses and consumers to turn online when making many routine transactions, including bill payments. However, his shift led both to expect more from their banks or billers when making these payments. Customers are now asking for more transparency in their bill pay process. One recent study found that 70% of […]
October 17, 2023
ACH Network parent company Nacha says it is reaping the benefit of increased B2B payments. Continued adoption of same-day automated clearing house (ACH) payments and the rise in business-to-business (B2B) payments led the ACH Network to “robust results” in this year’s third quarter, Nacha said in a Tuesday (Oct. 17) news release. According to the release, there were […]
July 25, 2023
The head of the ACH Network says same-day ACH payments have grown “significantly” in 2023. In the first six months of the year, the value of those payments was nearly $1.2 trillion,...
August 31, 2022
Software-as-a-service (SaaS) platform Wix.com is collaborating with global payments company Choice to bring Automated Clearing House (ACH) electronic funds transfer payments to Wix’s U.S.-based merchants. This account-to-account payment option will...
February 03, 2022
The modern ACH Network saw “significant growth” in 2021, processing 29.1 billion payments totaling $72.6 trillion, while same-day automated clearing house (ACH) payment volume was up 74% last year, according...
