Posted March 12, 2019
HERNDON, Va., March 12, 2019 – The ACH Network set a record in February as volume exceeded 100 million ACH payments per banking day—an increase of 7.2 percent over February 2018. In each year there were 19 banking days in the month. Total Network volume last month exceeded 1.9 billion payments.
“February’s record-setting performance is further proof of the vibrancy of the ACH Network and that it is a vital part of America’s economic engine,” said NACHA Chief Operating Officer Jane Larimer. “The nation’s consumers and businesses are clearly expressing their preference for electronic payments and the ACH Network will continue evolving to provide the services they need.”
February’s results come on the heels of a year in which the ACH Network saw its highest volume growth rate in a decade with 23 billion payments. 2018 also marked the fourth consecutive year in which year-to-year volume increased by at least 1 billion payments.