ACH Network Volume Growth for 2017 Q2

ACH Network Volume Growth for 2017 Q2

In Q2 2017, the ACH Network transferred 5.3 billion Direct Deposits and Direct Payments, up 5.8 percent over Q2 2016. In value, the Network moved $11.6 trillion, an increase of 7 percent over the second quarter of 2016. This quarter, native electronic payments grew 7.4 percent, while check-initiated payments continued its decline in use, decreasing 10.5 percent.