Internet bill payments via ACH payment processing continue to grow while paper checks declined during third quarter 2009.  According to NACHA , transactions of WEB e-checks for ACH online bill payments, totaled 562.6 million, up 7.6% from 522.9 million in 2008’s third quarter.

The accounts receivable conversion (ARC) for paper checks sent to mail then converted into electronic checks numbered 583.8 million transactions in the third quarter, 2009.  This was a decrease of 10.5% from 652.5 million for the same quarter in 2008

WEB echeck transaction volume is 96% of ARC transaction volume, up from 94% in the second quarter.  WEB echeck transactions are predicted to surpass ARC in 2010.

NACHA also reported that the  IAT code for international ACH payments had 303,802 transactions in the third quarter.  Since IAT went live on Sept. 18, there were only 9 days of transaction processing for IAT in third quarter.  NACHA projects annualized IAT volume of 8.5 million transactions.

Back-office conversion (BOC), that enables retailers to convert customers’ paper checks in their back offices or at processor facilities, had 41.3 million transactions in the third quarter, up 56.5% from 26.4 million a year earlier. Point-of-purchase (POP), had 120.2 million transactions, up 2.3% from 117.5 million in the 2008 period.

Volume on TEL, the e-check option for telephone-based ACH payments, was nearly unchanged at 86.3 million transactions in the third quarter compared with 86.2 million a year earlier.

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