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The ACH Network continued growing in the final quarter of 2022. Payment volume totaled 7.6 billion, up 2.3% from the fourth quarter of 2021. The value of those payments, $19.4 trillion, is a 3% rise. Use of Same Day ACH remained solid following the March …
… More Money Per Gift . Monthly gifts from congregants using electronic bank transfers are on average 55% higher than with other payment types. Make Gifting Easier . No more counting or carrying cash or checks. Instead, donations made by electronic bank …
The Credit Union and the App Helping Nonprofits Reap 100% of Donations with Electronic Bank Transfers
When SPIRE Credit Union set out to help local nonprofits in its Minnesota community, it wanted to make sure each group received as much as possible, without losing money to fees. The key to that success lies in an app built around donating by ACH, or …
Episode 5: Same Day ACH 5th Anniversary Same Day ACH marks its fifth anniversary in September 2021. Learn more about its inception, the practical application for businesses, and a perspective on what’s next for Same Day ACH, as we chat with Mike Herd, …
Episode 7: Direct Deposit Benefits Taxpayers On January 24, 2022, the Internal Revenue Service began accepting and processing 2021 tax year returns. Bill Sullivan, Nacha's Senior Director & Group Manager for Government & Industry Relations, sat down with …
Episode 8: Pandemic Payments and the Use of the ACH Network During the COVID-19 pandemic, the U.S. government provided much-needed resources to millions of Americans, including child tax credit payments and economic impact payments. Bill Sullivan, Nacha's …