ACH Payroll Processing & Fedwire Blog

ACH Payroll Processing & Fedwire Blog

ACH Closes Q3 With Another Strong Performance

Friday, November 16, 2018
ACH Closes Q3 With Another Strong Performance

The volume of ACH transactions continued its climb in Q3 2018, according to NACHA – The Electronic Payments Association. The growth included the use of Same Day ACH processing, which grew by 192% over the same period last year when Same Day ACH debits were being introduced.

"The ACH Network is thriving," said NACHA CEO Jane Larimer in a recent press release. "Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides."

ACH payments totaled over 5.6 billion in Q3 of 2018, nearly a 7% increase since the same period last year. NACHA attributes the ACH Network's strong performance to online and business-to-business (B2B) payments.

B2B payments increased by nearly 10% and online ACH payments by 14%. Health care EFT payments, the industry standard for claim payments from insurers to providers, also saw an increase of 10%.

Breaking Down ACH Q3 Performance

More details from the NACHA report:

  • Over 3.3 billion ACH debit payments
  • Nearly 2.3 billion ACH credit payments
  • Over 896 million B2B payments
  • 77 million payments for health care EFT
  • A total of 1.5 billion online ACH payments

Compared to last quarter, Same Day ACH volume grew nearly 10% from 41 to 43.2 million. This is over a 90% increase from ACH Same Day processing’s first quarter in fall 2017.

NACHA reports that, over the next two years, Same Day ACH will be expanding with faster funds availability, a higher dollar limit, and later processing hours.

Cachet ACH Payroll Processing

Learn more about how Cachet’s ACH processing options for payroll, including Same Day ACH, can help streamline your payroll processes. At Cachet Financial Services, we process over $150 billion annually in ACH transactions for more than 110,000 employers across the country. Our clients can also access a full range of employee compensation services through our sister companies: Payroll Tax Management, Time Rack, and SBS Payroll. Contact us to set up a demo or to learn more about our FlexACH platform today.

Contact us today to learn more about ACH direct deposit for payroll


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