ACH Experiences Significant Growth in the Second Quarter of 2021
With Same Day ACH about to mark its fifth anniversary, new figures from Nacha show astounding growth for this faster payment method.
In the second quarter of 2021, Same Day ACH payment volume was 148.7 million, an increase of 82% over the same time in 2020. Those payments transferred $250 billion, up 115% from a year earlier.
“These phenomenal increases come just ahead of Same Day ACH turning five later this month. The figures speak to how the payments community has so widely accepted Same Day ACH in a relatively short time,” said Jane Larimer, Nacha President and CEO.