ACH Network Achieves Daily Volume Record of 100 Million Payments
The US ACH Network set a record in February as volume exceeded 100 million ACH payments per banking day – an increase of 7.2% over February 2018. In each year there were 19 banking days in the month. Total network volume last month exceeded 1.9 billion payments.
February’s results come on the heels of a year in which the ACH Network saw its highest volume growth rate in a decade with 23 billion payments. 2018 also marked the fourth consecutive year in which year-to-year volume increased by at least 1 billion payments.