Nacha Says Faster Payment Demand Drives 37% Surge in Same Day ACH Volume
By PYMNTS
AI summary of the source article
Same Day ACH recorded year-over-year increases of roughly 37% in volume and 32% in value during the third quarter, with total payments reaching 470.4 million, according to Nacha.
Why it matters
Nacha noted the volume surge occurred as Same Day ACH "met user demand for faster payments."
Key facts
- Same Day ACH volume increased about 37% and value rose 32% year-over-year in Q3.
- Total Same Day ACH payments reached 470.4 million.
- Nacha stated the surge occurred as the service met user demand for faster payments.
Source excerpt · PYMNTS
Same Day ACH saw year-over-year increases of about 37% in volume and 32% in value in the third quarter as it met user demand for faster payments, Nacha said in a Tuesday (Oct. 20) press release emailed to PYMNTS. With those increases, the total number of Same Day ACH payments reached 470.4 million in the […] The post Nacha Says Faster Payment Demand Drives 37% Surge in Same Day ACH Volume appeared…