By now you’ve likely seen the ACH Network’s second quarter results for this year. While the 9.9% overall growth rate is proof that the ACH Network is thriving, it doesn’t tell the full story. To do that, you need to take a closer look at some of the numbers that factor in.

The ACH Network is the backbone of the U.S. financial system and benefits consumers, businesses and government agencies. While many consumers are unaware of the name ACH, they are aware of electronic bank transfers, electronic funds transfers and similar terms.

Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments.

The ACH Network set two records in the first quarter of 2021, and Same Day ACH marked its 1 billionth payment.

ACH payments provide clear benefits compared to check payments. If your company currently does not send ACH payments to vendors/suppliers, you can contact your bank for recommendations on how to get started with sending ACH payments. 

Tap into the ACH Network and use Direct Deposit and Direct Payment to free up time, money and energy to help you grow your business. Quickly and easily process payroll and pay bills, while ensuring your cash flow remains consistent and easy to forecast.

When Dr. Mark MiHalo first began practicing dentistry, claims had to be mailed in, and then he waited for checks. But with the ease of today's electronic payments, there's no reason to look back.

Why does Northern Virginia dentist Dr. Amy Adair like electronic claim payments via ACH? And what happened when an insurer tried sending virtual credit cards? Nacha's case study shows why EFT payments is the way to go for healthcare professionals.