ACH USE RISES FOR B2B PAYMENTS

Summary from the TLDR Fintech newsletter

ACH has overtaken checks as the most common US B2B payment method by transaction count, rising from 25% of payments in 2015 to 41% in 2024 while checks fell from 32% to 13%. ACH transaction value nearly doubled to $70 trillion over the period, though wires still dominate by value at roughly $1 quadrillion, showing that businesses are steadily shifting routine payments toward electronic rails even as checks remain widely used.