Nacha applauds the Federal Reserve Board of Governors for issuing its proposal to extend its settlement services to support Same Day ACH enhancements with later settlement hours.

The ACH Network started 2019 with strong growth, as the number of payments in the first quarter increased 5.8% from a year earlier, and the daily average volume of payments increased 7.5%. The ACH Network set a record in February 2019 as volume exceeded 100 million ACH payments per day for the first time. ACH volume in the first quarter was 6 billion payments: 3.5 billion debits and 2.5 billion credits. Internet-initiated payments rose 10.3% to 1.6 billion.

In becoming a Preferred Partner, MX joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.

HERNDON, Va., Jan. 29, 2019 – ACH Network volume saw its biggest quarterly growth in more than a decade during the fourth quarter of 2018. Same Day ACH payments also passed a significant milestone.

 

The number of ACH payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase over Q3 2017, according to Nacha.

In becoming a Preferred Partner, MX joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.

In becoming a Preferred Partner, MX joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.