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Source: NACHA - The Electronic Payments Association

ACH Volume Grows 10 Percent in 1st Quarter 2002

The Automated Clearing House Network grew by almost 10 percent the 1st Quarter of 2002 compared to a year ago, according to NACHA statistics. Almost 1.6 billion transactions were conducted during the quarter, worth more than $4.3 trillion. These figures represent growth rates of 9.9% and 6.1%, respectively, over the same quarter of 2001. Fourth quarter debits were 656 million, and credits were 940 million, for a total of 1.596 billion. The statistics include commercial inter-bank and government transactions, but not “On-Us” transactions. The comparisons are with like statistics from the 1st Quarter of 2001.

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