Nacha’s Post

How is your company processing payments? Let's have a conversation about how ACH Payments can reduce risk and lower your monthly banking costs.

Same Day ACH continues to gain acceptance among users of the payments system. As a #Nacha preferred provider, ValidiFI is here to help with your bank account validation, fraud detection, and risk assessment needs. Learn more about our solution offerings: https://lnkd.in/ei4HMeF3 #ACHNetwork #SameDayACH #AccountValidation

Same Day ACH to New Heights! The ACH Network saw a significant increase in volume and value in Q2 2024. Overall ACH payments grew 6.3%, but the real star is Same Day ACH! There were a whopping 292.3 million Same Day ACH transactions, a 46.6% jump year-over-year! This shows a clear shift towards faster payments in the US. #FasterPayments #ACH #PaymentsInnovation

The modern ACH network is THE backbone of the nation’s payment system. The numbers don’t lie. Check out our impressive year-end review: 📈 853.4 million Same Day ACH payments, up 22.3% from 2022. 📈 31.5 billion total ACH payments, up 4.8% from 2022. 📈 8.3 billion Direct Deposit payments, up 3.3% from 2022. And Same Day ACH payments continue to soar! Since its inception in September 2016, Same Day ACH volume has surpassed 3 billion payments and $6 trillion. Take a deeper dive into our 2023 end-of-year numbers: https://hubs.la/Q02l1rmd0

Impressive numbers Nacha! The ACH Network is still an integral part of a financial institution's offerings. But don't forget about your risk and compliance obligations! Our experts are here to help you cross off that risk assessment or annual audit. Need helping buttoning up your policies and procedures? We can do that, too!

Did you know that the modern ACH network is the backbone of payments in the US? Check out this insightful study to learn more about how ACH is shaping the future of financial transactions. #ACH #payments #finance #networking

Same Day ACH has dramatically grown since its inception in 2016. In the fourth quarter of 2023, we saw: 📈 255.8 million Same Day ACH payments, up 41% from 4Q 2022. 📈 $662 billion in Same Day ACH total value 853.4, up 31.5% from 4Q 2022. For the full year, you ask? 📈 853.4 million Same Day ACH payments, up 22.3% from 2022. 📈 $2.4 trillion in Same Day ACH total value, up 41.2% from 2022. Here’s a closer look: https://hubs.ly/Q02llt2v0

Credit card decline codes are alphabetical and/or numerical tokens indicating a rejected payment and explaining why a transaction has failed. Every transaction undergoes a series of stages involving multiple parties within the payment flow, such as the payment gateway, acquirer, card schemes and issuer. In our latest blog, we dive into the meaning of decline codes, why they happen and also look at some of the most common decline codes: https://bit.ly/3OR7a9b #paymentprocessing #paymentsolutions #riskmanagement

Growing Volumes on The Clearing House’s ACH Network Lead to Impressive Upward Trajectory Payment volume on TCH’s ACH network continues to outpace overall industry growth, as the shift to electronic payments accelerates. • 8% volume growth on TCH ACH, versus 4.8% industry growth • 7.4% avg annual volume growth since 2021 • 19B payments worth $52.4T in 2023 https://ow.ly/WJOE50QRiae

Calling all payment enthusiasts! 🚀 Excited to share our new blog on ACH payments. 💡We delve into how ACH fosters a cost-effective approach, replacing outdated paper-based processes with a streamlined solution. 💰 💳💻 Read on to know the details to uncover how ACH is reshaping the landscape of digital payments. #payments #globalpayments #payglocal