The ACH Network is woven into the daily payment activity of American consumers, businesses and government, says a Mercator Advisory Group white paper published titled, “The Expanding Role of ACH in the Era of Faster Payments.” The paper also highlights how – as payments become faster – ACH supports the future of the industry with Same Day ACH, while providing the money-movement infrastructure for many other payment products.
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“The modern ACH Network has achieved new transaction volume records as the preferred payment type in a diversity of use cases,” said Jane Larimer, Nacha President and CEO. “Even now, the ACH Network is operating normally and stands ready to serve America’s people, its businesses and nonprofits, and the government.”
The white paper, sponsored by Nacha, also highlights several key attributes of the ACH Network that position it for the next generation of payments, including its ubiquity and efficiency, the Same Day ACH capability, and Nacha’s governance.
“The broad usage of ACH for consumer, small business, and large corporate payments, among others, fuels the staying power of ACH,” said Sarah Grotta, the Director of Mercator’s Debit and Alternative Products Advisory Service, and author of the white paper.
“ACH meets a variety of use cases in an established and mature market, even as Same Day ACH continues to take a leading role in the continuum of faster payments,” Grotta said.
Mercator is hosting a complimentary webinar featuring Grotta and Michael Herd, Nacha’s Senior Vice President of ACH Network Administration, on Thursday, June 4, at 1 p.m. EST to discuss the white paper’s findings.
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