The article, below, expands on some recently released statistics by NACHA that show growth in ACH transaction volume.
New statistics from NACHA-The Electronic Payments Association show that ACH transaction volume in 2015 grew to more than 24 billion electronic payments, an increase of 1.3 billion payments (5.6 percent) over 2014 volume.
This marks the second consecutive year in which ACH payments grew by more than 1 billion, according to a press release. Additionally, a more than $41.6 trillion was transferred over the ACH Network in 2015, a 4 percent increase compared with 2014.
In 2015, the network processed more than 11 billion debit transactions constituting nearly 60 percent of overall ACH network volume. End users also are embracing credit transactions, which grew more than 5 percent in 2015 to 8 billion transactions.
Also in 2015, the network transferred 5.8 billion direct deposits, an increase of 200 million transactions over the previous year. In its first full year of availability, P2P payment, a WEB/online credit transaction, eked out 57 million transactions.