Advertisement

Internet Payments via ACH Grow 9.5% in 2011

April 17, 2012

Direct ACH debit payments made when authorization is given via the Internet or a mobile device grew 9.5 percent in 2011, accounting for nearly 17 percent of total ACH network payments, according to NACHA, the organization that manages the ACH payment network. NACHA estimates that 80 percent of these transactions are to pay bills via companies' or billing services' Websites.

“Consumers want convenient, versatile, and secure payment options,” says Janet O. Estep, president and CEO of NACHA. “Direct payment via ACH puts consumers in control and provides them with the flexibility to make payments through their bank or credit union’s online banking service, the companies they do business with, and via mobile applications.”

Total ACH payment volume grew 4.35 percent in 2011 to more than 20.2 billion transactions worth nearly $34 billion.



Advertisement


  • Data Breaches: Passwords and Baseball - June 18, 2015
    Data Breaches: Passwords and Baseball

    While the U.S. government continues to assess the damage done by the illegal intrusion of the networks of the Office of Personnel Management, two other hacks uncovered this week show the evolving nature of data breaches and the variety of information hackers are seeking.

  • Former NBA All Star Turns to CNP Fraud - June 1, 2015
    Former NBA All Star Turns to CNP Fraud

    Chris Gatling, a forward who played for eight different teams over an 11-year NBA career that included one All-Star Game appearance, was arrested in Scottsdale, Ariz. on Thursday and charged with fraud, aggravated identity theft and forgery.

Advertisement

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here