ACH Payments up 8.3 Percent in 1st Quarter 2008

ACH Network volume increased by 8.3 percent in the 1st quarter of 2008 compared to the same quarter a year ago, rising to a total of 3,706,595,919 payments. The dollar value of these payments was $7.5 trillion, an increase of 6.6 percent over the 1st quarter figures for 2007.
 

Commercial ACH volume accounted for 92.2 percent of transactions, or 3,417,117,503 payments.  Federal government ACH volume was 289,478,416, which include a significant portion of the tax filing and refund season.
 

The largest growth rate occurred in Point-of-Purchase (POP) transactions, increasing 48.7 percent from the 1st quarter of 2007.  The largest numerical growth occurred in Internet-initiated entries (WEB), increasing by 83.8 million payments over the 1st quarter of 2007.
 

Returns

The overall Network return rate in the 4th quarter was 1.20 percent. The overall debit return rate was 1.84 percent. The unauthorized rate was 0.042 percent, which is identical to the rate for the 1st quarter of 2007.  The number of unauthorized debits increased from 854,151 in 2007 to 962,533 in 2008, a 12.7 percent increase.

Click here for complete reports of all 1st quarter ACH volume.