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ACH Network Volume Increases

by 6.3% in Q4 2017

In Q4 2017, the ACH Network transferred almost 5.5 billion Direct Deposits and Direct Payments, increasing 6.3 percent over Q4 2016 volume. Q3 2017 transactions totaled $12.1 trillion, growing 7.7 percent over Q4 2016. Native electronic payments continue to outpace overall ACH Network growth, increasing by 7.8 percent; with check-initiated transactions declining by 10 percent. Once again, WEB, Direct Deposit and business-to-business (B2B) payments continue to fuel the growth of native electronic payments.

WEB Transactions

In Q4 2017, overall WEB transactions grew more than 14 percent over Q4 2016 to almost 1.4 billion transactions. Both WEB credits and WEB debits saw significant gains, with WEB credits, person-to-person (P2P) payments, growing 25.0 percent over the same period last year to 25.8 million transactions, and WEB debits growing 13.9 percent.

Direct Deposits

Direct Deposits, or PPD credits, increased in Q4 2017 by 5.8 percent to more than 1.6 billion transactions.

B2B Transactions

The Network’s B2B transaction categories, CTX and CCD, saw gains in Q4 2017. CTX transactions grew 7.6 percent and CCD transactions grew 8.4 percent. Businesses continue to take advantage of the ACH Network’s ability to send remittance information directly with a payment, as addenda use within the CTX transaction category grew 6.3 percent and 14.5 percent within CCD.

Same Day ACH

As previously reported (NACHA NewsLink, January 11. 2018), Q4 2017 saw expanded use of Same Day ACH to 35.2 million, transferring $33.8 billion. Same Day ACH debit and credit transactions totaled 15.2 million just in December, an increase of 51 percent over November’s volume

ACH Network Quality Indicators

In Q4 2017, the major quality/risk indicators increased compared to Q4 2016. The overall administrative return rate increased slightly from 0.17 percent to 0.18 percent. The overall unauthorized debit rate increased to 0.037 from 0.030 percent. And the overall debit NSF return rate saw an increase from 0.91 percent to 0.96 percent.

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