Same Day ACH continues expansion

The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.

Quarterly Growth: For the second quarter of 2023, the number of payments rose 7.7% while the value of those payments increased 26.1%.

Overall Network: For the ACH Network overall, the number of payments rose 4.3% in the second quarter and payment value rose 2.9%.

B2B: Meanwhile, business-to-business payments increased 10.4% from a year earlier, continuing their double-digit growth trajectory.

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