Same Day ACH picked up significant steam in Q3, says new report

Has your department tapped Same Day ACH payments yet? This feature’s popularity has grown quickly.
Both transaction volume and value have spiked in the third quarter of 2021 versus the same period a year ago.
So says the latest data from Nacha. On the business-to-business front, Same Day ACH:
- payment volume grew 120%, while
- dollar volume jumped 160%.
Your peers are riding this wave for sure.
Debunking popular Same Day ACH myths
But if resistance remains due to fears of increased risk, an informal Nacha member survey can put minds at ease.
Myth 1: “No one’s going to use it.” Why have an increasingly higher limit if no one is going to take advantage of it?
Turns out that couldn’t be further from the case. Nearly 70% of survey respondents said they have trading partners who regularly initiate transactions above the previous $25,000 limit.
So that’s a capacity your company definitely wants … even if it’s just for the future.
Myth 2: “We’re more vulnerable to fraud.” Will higher dollar amounts being cleared so quickly quadruple your company’s exposure to fraud?
Not according to those who already tap same-day ACH on the regular.
Not a single one found any fraud attributable to the higher dollar limit. And that’s in their capacities as both the originating and the receiving sides of the transaction.
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