|
 |
 |
|
Automated Clearing House ( ACH ) Growth
According to The Electronic Payments Association (NACHA), the number of Accounts Receivable (ARC) e-check payments exceeded 432 million in the third quarter of 2005, a 62% increase over a year ago. ARC volume exceeded that of Internet-initiated consumer Automated Clearing House - ACH debits (WEB), by more than 40% for this same time period.
The Automated Clearing House (ACH) Network grew by 17.4 percent in the 3rd Quarter 2005 compared to a year ago, according to NACHA statistics. More than 2.71 billion transactions were conducted during the quarter, worth more than $6.1 trillion. These figures represent growth rates of 17.4% and 13.7%, respectively, over the same quarter of 2004. There were 1.53 billion debits and 1.18 billion credits in the 3rd Quarter, for a total of 2.713 billion. The statistics include commercial inter-bank and government transactions, but not “On-Us” transactions.
The five ACH e-check applications combined for 801 million payments in the 3nd quarter. In order of volume they are:
- ARC – ACH Volume 432.0 million
- WEB – ACH Volume 1261.6 million
- TEL (consumer telephone initiated debits) – ACH Volume 61.8 million
- POP (point-of-purchase check conversion) – ACH Volume 41.7 million
- RCK (re-presented check) – ACH Volume 5.7 million.
Figures cited do not include estimates of "on-us" ACH payments, in which the originating and receiving financial institutions are the same institution.
Learn more about ACH Growth, automated clearing house news, and other
TAWPI member news on our TAWPI news pages.
today Online
Vendor Resource Center
