ACH expanding fast

Transactions on the automated clearing house (ACH) network grew 5.4% in the second quarter, the second straight period of 5%-plus expansion for the system, according to NACHA.

The second-quarter number also represents the fastest growing expansion for ACH since the third quarter of 2013. The increased growth comes after a comparatively weak 2014.

Transactions for the 2015 April-through-June quarter totaled 4.78 billion. IAT application, the network’s fastest-growing transaction type, grew 26.6% over the same quarter last year, marking 17.8 million transactions.

WEB application, for which NACHA now reports credits and debits separately, stayed a strong performer. WEB debits increased by 13% to 987.5 million transactions, and WEB credits marked 14.2 million transactions, up from 10 million in the first quarter and just 195,898 transactions in the same quarter last year.

In addition, the TEL application increased nearly 15% to reach 114.3 million transactions. Prearranged payment and deposit (PPD) transactions, which comprise nearly half of the ACH’s volume, continued to grow as well.

PPD debits increased nearly 4%, and PPD credits grew 3.5%. Meanwhile, the ARC code fell 6.7%, the POP code dropped 13.5%, and the BOC application fell 10% to 37.2 million items.

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