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(L-R) Michael Herd, Nell Campbell-Drake, Jason Carone. LAS VEGAS —With Same Day ACH seeing momentous growth—including first quarter 2023 volume and value increases of 20.7% and 94.7% respectively—the question is what’s next. Some potential answers were on …
The ACH Network continues to thrive. Some may look at the ACH Network’s first quarter results this year, jump to conclusions and miss the complex and nuanced story. That story deserves a closer look. Payment volume on the ACH Network rose 2.2% from Q1 of …
ACH end users have consistently and constantly asked for higher dollar limits for Same Day ACH payments. In March 2020, the original limit of $25,000 was raised to $100,000. Then, two years later in March 2022, the limit was increased again to $1 million …
NASHVILLE, Tennessee —Same Day ACH only turned five last September, and as Michael Herd, Nacha Senior Vice President, ACH Network Administration, noted, that means “it’s still early.” After all, he said, from the time the ACH Network began “it took about …
Contact: Media Relations Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments. The ACH Network processed 7.3 billion payments …
Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all …
HERNDON, Virginia , April 17, 2023 – The ACH Network began 2023 with solid growth in the first quarter, particularly in Same Day ACH where payment dollar values nearly doubled from a year earlier. A total of 7.7 billion payments valued at $19.7 trillion …