In fact, the ACH network processed about 30 billion payments in 2022 worth over $72.6 trillion, according to Nacha, an organization that works to enhance and enable ACH payments.

How ACH vs wire transfers work With an ACH transfer, you initiate a payment through your bank or payment processor, and the ACH network processes it in batches, usually once or twice a day ...

Overall, ACH Network payment volume rose 6.7% from 2023 to 2024, to 33.6 billion payments in 2024. The value of those payments was $86.2 trillion, an increase of 7.6%.

The dollar value of these ACH payments totaled $21.6 trillion, a 7% increase. Same Day ACH exceeded 100 million payments in a month for the first time in April 2024, with 107.8 million.

FlexPoint’s introduction of Same-Day ACH marks the latest in a series of innovative products launched this year, fueling a 10x growth in payment volume in 2024.