Behind the ACH’s Sizzling Growth

Besides same-day ACH, these include the boom in e-commerce and electronic person- to-person payments as part of the ongoing transformation of U.S. consumer payments away from cash and checks. He notes that ARC, the ACH code for paper checks converted at lockboxes into electronic transactions for bill payments, hit its highwater mark of about 3.8 billion transactions way back in the early 2000s. ‘More Aggressive’

Beyond same-day ACH, B2B payments and the related health-care payments market still represent a fertile area for ACH growth despite the fact that businesses—“corporates” in ACH lingo—already moved more than $30 trillion through the ACH in 2018.

Source: www.digitaltransactions.net