ACH Transaction Volume, Value Grow in 2016

ACH Transaction Volume, Value Grew in 2016

Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report from NACHA, the electronic payments association. The total transaction value was $43.7 trillion in 2016, a 5.1 percent increase over the year prior. Nearly all ACH transactions (94.3 percent) were originated by the top 50 originating depository institutions, while 58.2 percent of all transactions were received by the top 50 receiving depository institutions.