More than $13m same-day ACH payments

U.S. banks and credit unions processed more than 13 million same-day payments between Sept. 23, the launch date for recent improvements to the automated clearing house system, and the end of 2016. That’s according to new data from Nacha, the industry-owned group that administers the decades-old electronic payment network. Nacha said that direct deposit transactions accounted for 52% of the same-day payments, while business-to-business payments accounted for another 32%. Read more: