ACH Payments Surge, Businesses Ditch Checks

The ACH Network experienced significant growth in the first quarter, driven by Same Day ACH and business-to-business (B2B) transactions. Same Day ACH payment volume increased by 23.6% year-over-year, reaching 403 million transactions. Concurrently, B2B payment volume saw a 9.4% rise, totaling 2.1 billion transactions. This trend indicates a clear shift away from traditional paper checks as businesses increasingly adopt faster, more efficient electronic payment methods. The data highlights the evolving landscape of business payments and the growing reliance on digital infrastructure for financial operations.