-

Same Day ACH Volume Rose 67.5% in the Third Quarter of 2024

RESTON, Va.--(BUSINESS WIRE)--Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% from a year earlier, new figures from Nacha showed.

There were 355.2 million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% to $844 billion.

“These results are continued proof of the robust adoption of Same Day ACH. Since its debut, Same Day ACH has handled nearly 4 billion payments valued at $8 trillion,” said Jane Larimer, Nacha President and CEO.

Larimer noted that Nacha is currently seeking comments on a proposal to expand the operating hours of Same Day ACH to align with the close of the business day in the Pacific time zone. This would provide an estimated additional 3 1/4 hours each day for users to submit same-day payments.

“Nacha has already made several enhancements to Same Day ACH, including higher dollar limits, expanded hours, and accelerated funds availability. We will continue working to ensure that Same Day ACH helps meet the needs of the payments community,” said Larimer.

Volume across all major ACH Network payment categories climbed in the third quarter of this year. Those include business-to-business (B2B) and healthcare claim payments, which increased 12.6% and 7.8% respectively from the third quarter of 2023. Consumer internet-initiated payment volume increased 9% to 2.7 billion.

Total third quarter ACH Network volume was 8.4 billion payments valued at $21.5 trillion, respective increases of 7.4% and 8.9% over a year earlier.

About Nacha

Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 31.5 billion ACH Network payments made in 2023, valued at $80.1 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.

Contacts

Dan Roth
Nacha
571-579-0720
media@nacha.org

Nacha


Release Versions

Contacts

Dan Roth
Nacha
571-579-0720
media@nacha.org

More News From Nacha

Nacha Announces Prometeo is a Nacha Preferred Partner for Account Validation/Open Banking

RESTON, Va.--(BUSINESS WIRE)--Nacha announced today that Prometeo is now a Nacha Preferred Partner for Account Validation/Open Banking. Prometeo uses a single API which translates multiple bank formats into a standard language and enriches data allowing for transactions to be completed. Prometeo's API connection allows organizations to validate bank accounts and identity data, and easily complete domestic and cross-border payments. “Account validation is a component of a sound risk management p...

Nacha’s Payments Innovation Alliance Advances Quantum-Safe Payments Education for World Quantum Day

RESTON, Va.--(BUSINESS WIRE)--In support of World Quantum Day, Nacha’s Payments Innovation Alliance is expanding its leadership on quantum-safe payments with the launch of a new educational blog series from industry experts designed to help the payments ecosystem move from awareness to action. The blog series builds on the Alliance’s foundational paper, “Protecting Payments in the Quantum Era: Setting a Course for Action,” which outlines how quantum computing could impact today’s cryptographic...

Bottomline Now a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention

RESTON, Va.--(BUSINESS WIRE)--Nacha announced today that Bottomline has become a Nacha Preferred Partner for ACH Experience, Open Banking, and Risk and Fraud Prevention. Bottomline builds secure and resilient payment technologies which help banks and businesses move money safely and without friction. Bottomline's solutions monitor ACH transactions in real time to spot behavior that falls outside of normal patterns. This helps customers stop suspicious activity before funds are released. “A long...
Back to Newsroom