We recently released member research on B2B faster payments in which we discussed SDA, RTP and other forms of payment tools that have been launched in the past couple of years.
In the same piece, we forecast expected growth over the next five years as well. This referenced posting appears in Payments Source and points to a rapid rise in SDA usage during the past year, in part attributed to the decline in U.S. check usage:
‘Same-Day ACH B2B payments through the first nine months of this year generated 37 million transactions, up 50% over a year earlier, according to Nacha. During the same time period, routine ACH-powered B2B payments reached nearly 3 billion transactions, up about 12% from a year earlier…..Same Day ACH payments, which launched three years ago, still account for less than 2% of all ACH payments. But Same Day ACH payments’ growth rate is accelerating, recently surpassing 1 million daily transactions. Same Day ACH B2B payments account for about 20% of that volume, according to Mike Herd, senior vice president of ACH network administration at Nacha.’