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Same-day, B2B payments fuel ACH growth

February 23, 2023

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Nacha, which governs the automated payments system, attributed the drop in direct deposits to the conclusion of federal COVID-19 pandemic relief and fewer unemployment benefit payments. Looking ahead, the organization said it is focused on encouraging the dental industry to use ACH payments because it does not use as many electronic claim payments as other healthcare providers.

In addition to B2B payments, other categories experienced volume growth last year as well. Internet payment volumes increased 7.7% to 9.4 billion and peer-to-peer payments rose 8.6% to 294.7 million, according to Nacha, formerly known as the National Automated Clearing House Association.

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