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ACH Risk for Payment Processors and ODFIs
Payments Pros – The Payments Law Podcast
Harnessing the Power of ACH in Electronic Payments
The explosive growth of electronic payments reflects a significant shift in non-cash transaction methods, with ACH accounting for approximately 90% of the increase from $100 trillion to $130 trillion between 2018 and 2021. ACH represents about $95 trillion of the total, underlining its dominance in the electronic payment landscape. A noteworthy aspect is that $30 trillion of ACH transactions are debits, indicating the substantial volume of funds being moved between accounts. Furthermore, 80% of these transactions are categorized as 'off us', necessitating a trust-based relationship between financial institutions to facilitate these inter-bank payments without directly verifying account funds. This highlights the critical need for a robust, secure, and well-managed ACH network to sustain its growth and reliability in the industry.
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