Posted by admin on Sep 07, 2011
ACH Payments Statistics Confirm Power of ACH Processing

b7977620-5602-4a3d-9c03-66b2b4bf6740If you have any questions that ACH payments are being embraced by US businesses and consumers, consider these facts from NACHA:

  • The number of Automated Clearing House (ACH) Network payments exceeded 19.4 billion in 2010, an increase of 3.44% compared to 2009
  • More than $37.4 trillion in ACH payments were processed last year.
  • The number of ACH payments transmitted by ACH operators was more than 15.61 billion transactions. Of these 9.26 billion were debits and 6.36 billion were credits credits.
  • If you include “on us” transactions made by the banks, the number of transactions increases to 19.4 billion
  • Business-to-business transactions increased by 3.9%
  • Online bill pay transactions grew by 11.2%
  • WEB tranaactions increased by 7.4%
  • TEL transactions grew by 3.1%

Conclusion

If you are in business, you are missing the boat if you are not accepting ACH payments.  More than 90% of US households have a bank account and can pay you with ACH.

Less than 70% of Americans have credit cards.  Of the ones who do, more than 25% are maxed out on cards and are unable to use them to purchase more goods or services.

Isn’t it time you jumped on the band wagon?  Take advantage of one of the biggest migrations to electronic payments in history.

Get more orders.  Save money on payment processing expenses.  And give your customers another easy way to buy from you.

Want to increase sales & profits with ACH processing?

Contact info@nationalach.com today