TLDR Tech / Fintech
ACH use rises for B2B payments
ACH has surpassed checks as the most common US B2B payment method by transaction count, increasing from 25% in 2015 to 41% in 2024, while check usage dropped from 32% to 13%. ACH transaction value almost doubled to $70 trillion, although wires still dominate by value at approximately $1 quadrillion. This indicates a steady shift towards electronic payments for routine business transactions, even as checks remain in use.
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