ACH Gains Ground in B2B Payments, Leaving Checks Behind
70 pts · High·PaymentsJournal·2h ago · Sep 22, 16:50 UTC·1 min read
Upvote this story — the week's most-upvoted make the email digest
Automated Clearing House (ACH) payments have been seeing significant growth in B2B transactions, outpacing checks significantly over the past decade. According to data from the Cleveland Fed, B2B payments made via ACH have more than doubled since 2015, rising from 3.6 billion transactions to a much higher figure.
Key takeaways
- ▸ACH payments in B2B transactions have more than doubled since 2015 according to the Cleveland Fed.
- ▸ACH is currently the only payment rail showing consistent growth in B2B payments.
- ▸The trend indicates a significant shift from checks to ACH in business transactions.
Why this matters
The sustained growth of ACH in B2B payments highlights a transformative change in how businesses handle transactions, potentially reducing costs associated with check processing and improving efficiency. This trend poses challenges for check manufacturers and financial institutions that rely on traditional payment methods, while benefiting ACH processors and digital payment platforms that facilitate these transactions.
Entities
Products: Automated Clearing House
Related stories
- 1.