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Source: NACHA - The Electronic Payments Association

ACH Volume Grows 16.6 Percent in 3rd Quarter 2001

The Automated Clearing House Network continues to grow at a robust rate, according to statistics compiled for the 3rd Quarter of 2001. Over 1.52 billion transactions were conducted during the quarter, worth more than $4.0 trillion. These figures represent growth rates of 16.6% and 7.6%, respectively, over the same quarter of 2000. First quarter debits were 606 million, and credits were 922 million, for a total of 1.523 billion. The statistics include commercial inter-bank and government transactions, but not “On-Us” transactions. The comparisons are with like statistics from the 2nd Quarter of 2000.

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