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~ The Nacha Top 50 rankings of financial institution originators and receivers of ACH payments for 2022 have been released. The Top 50 originating financial institutions handled ACH volume of more than 26.2 billion payments last year, up 4.7% from 2021 and accounting for 92.2% of the ACH Network's total commercial payments volume.
The Top 50 receiving institutions had ACH payment volume of 18.8 billion, an increase of 3.4% over 2021 and accounting for 62.8% of total volume on the ACH Network, inclusive of payments received from the federal government.
Additionally, Nacha reported 5.3 billion "off-Network" ACH payments in 2022, primarily "on-us" ACH payments for which the originating and receiving financial institution are the same and not submitted to an ACH Operator. Including these off-Network payments, total ACH payment volume for 2021 was 35.3 billion, an increase of 4.4% from 2021.
Michael Herd, Nacha Senior Vice President, ACH Network Administration commented that "Banks and credit unions that send and receive ACH payments are the lifeblood of the U.S. economy, enabling payroll and benefit payments, bill payments, account transfers, business payments, and so much more"
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The complete Top 50 lists can be found at https://www.nacha.org/sites/default/files/2023-...
Nacha has released its Top 50 rankings of financial institution originators and receivers of Automated Clearing House (ACH) Payments for 2022 in Herndon Virginia this week with a 4.7% increase in originating financial institutions handling over 26 billion transactions last year compared to 2021 as well as a 3.4% increase in receiving institutions handling 18 billion transactions last year compared to 2021 according to Nacha Senior Vice President Michael Herd who stated that "Banks and credit unions that send and receive ACH payments are the lifeblood of the U.S economy enabling payrolls benefits bills account transfers business payments etc" Additionally 5 billion off network transactions were reported in 2022 bringing total transaction volume to 35 billion with a 4 percent increase from 2021 according to Nacha records The complete list can be found at https://www .nacha .org/sites/default/files/2023-03/Top_50_of_2022 .pdf
The Top 50 receiving institutions had ACH payment volume of 18.8 billion, an increase of 3.4% over 2021 and accounting for 62.8% of total volume on the ACH Network, inclusive of payments received from the federal government.
Additionally, Nacha reported 5.3 billion "off-Network" ACH payments in 2022, primarily "on-us" ACH payments for which the originating and receiving financial institution are the same and not submitted to an ACH Operator. Including these off-Network payments, total ACH payment volume for 2021 was 35.3 billion, an increase of 4.4% from 2021.
Michael Herd, Nacha Senior Vice President, ACH Network Administration commented that "Banks and credit unions that send and receive ACH payments are the lifeblood of the U.S. economy, enabling payroll and benefit payments, bill payments, account transfers, business payments, and so much more"
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The complete Top 50 lists can be found at https://www.nacha.org/sites/default/files/2023-...
Nacha has released its Top 50 rankings of financial institution originators and receivers of Automated Clearing House (ACH) Payments for 2022 in Herndon Virginia this week with a 4.7% increase in originating financial institutions handling over 26 billion transactions last year compared to 2021 as well as a 3.4% increase in receiving institutions handling 18 billion transactions last year compared to 2021 according to Nacha Senior Vice President Michael Herd who stated that "Banks and credit unions that send and receive ACH payments are the lifeblood of the U.S economy enabling payrolls benefits bills account transfers business payments etc" Additionally 5 billion off network transactions were reported in 2022 bringing total transaction volume to 35 billion with a 4 percent increase from 2021 according to Nacha records The complete list can be found at https://www .nacha .org/sites/default/files/2023-03/Top_50_of_2022 .pdf
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