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U.S. payments volume rises on B2B, Healthcare

August 2, 2021

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The ACH Network, which is a national automated payments system with government and private sector participation, has logged a number of payments traffic records since the highly contagious COVID-19 pandemic last year forced consumers, businesses and the government to pursue more transactions online.

Now, pent-up demand is likely contributing to a burst of payment activity too, as they spend on goods and services they put off when government restrictions were keeping people at home to thwart the spread of the virus. With vaccines being rolled out this year, more people and businesses are returning to their routines and making catch-up expenditures. Payment activity in the second quarter rose about 3% in terms of volume over this year’s first quarter, and about 6% with respect to transaction value.

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