Payment Solutions News | By The Numbers

Electronic Payments to Outpace Paper-Based Payments


Commercial payments have been transitioning from paper-based to electronic methods for several years. These are both established business payment methods, so year-over-year changes are not especially dramatic. However, when we look at the trend over a longer period, we see significant shifts.

Other 15 % ACH 22 % Business Checks 63 % Other 19 % ACH 32 % Business Checks 49 % Other 21 % ACH 45 % Business Checks 34 % Share of Payments 10 2014 2017 2020 2009 2012 2015 4.2% CAGR -5.1% CAGR ACH VOLUME IS STEADILY RISING... ACH Transaction Volume (BN) 11 14.0 15.3 17.7 2009 2012 2015 12.7 10.0 8.7 ...WHILE B2B CHECKS ARE FALLING AT A SLIGHTLY FASTER RATE B2B Checks Written (BN) 12 Credit share of commercial ACH volume rose from 36% in 2009 to 38% in 2016 14 of total ACH volume came from commercial transactions in 2016 13 92 % In 2015, B2B checks accounted for 62% of total business check volume. 15 62 % B2B 38 % B2C Change in B2B check value: 2012-2015 16 8 % Remote Bill Payment POS Bill Payment Other POS Payment 81 % 29 % ACH TO OUTPACE PAPER BASED CHECKS BY 2020 Like the tortoise in Aesops fable, ACH has been slowly and steadily gaining and is set to outpace Business Checks by 2020.

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Important Legal Disclosures & Information

  1. "ACH Transactions to Top Checks as Top Form of B2B Payment by 2020: New Survey," NACHA News Release, June 26, 2017

  2. NACHA, 2017

  3. The Federal Reserve Payments Study: 2016

  4. NACHA, 2017

  5. NACHA, 2017

  6. The Federal Reserve Payments Study: 2016

  7. The Federal Reserve Payments Study: 2016

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