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On a Hot Streak, the ACH Network Has Racked up 5%-Plus Growth in 12 of the Last 14 Quarters

Digital Transactions

The growth surge at the nation’s automated clearing house network shows no signs of slowing down. The payments system handled 5.68 billion transactions in the quarter ended June 30, a 6.2% increase year-over-year, according to numbers from Herndon, Va.-based NACHA, the network’s governing body. The network has now notched growth exceeding 5% in 12 out of the 14 quarters since the start of 2015.

Faster payments on the network, which links virtually every bank in the country, totaled 40.9 million in the quarter, up from 11.9 million in the second quarter of 2017. These are ACH credits and debits processed the same day they are initiated. Under NACHA rules, banks ushered in same-day credits in September 2016, with same-day debits following a year later. Traditional transactions typically clear and settle the next day.

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