SIOUX FALLS, S.D., March 28, 2024 — Pathward®, N.A. announced today that Nacha named it one of the Top 50 financial institution originators and receivers of ACH payments in the country. With 158,626,877 origination ACH transactions and 97,952,275 receiving ACH transactions in 2023, Pathward is a leader in electronic payments, ensuring that its customers can send and receive ACH transactions rapidly and securely.
“We recognize the essential role the ACH Network plays in today’s fast-paced payments environment and are pleased to bring our strong risk management and compliance frameworks to our partners and work together to deliver on consumers’ growing needs and expectations to move money quickly and safely,” said Pathward’s Banking as a Service Divisional President, Will Sowell.
"Financial institutions play a pivotal role in using the ACH Network to fulfill their customers’ diverse and evolving payment requirements," said Jane Larimer, Nacha President and CEO.
Pathward is part of the ongoing shift to electronic payments in the United States. In 2023, the modern ACH Network safely and efficiently processed 31.5 billion payments valued at $80.1 trillion, representing a 4.8% and 4.4% increase, respectively, over 2022.
Read Nacha’s announcement and view the complete list of 2023 Top ACH Originators and Receivers on Nacha.org.
Learn more about how Pathward can support your company’s money movement needs.
About Nacha
Nacha governs the thriving ACH Network, the payment system that drives safe, smart, and fast Direct Deposits and Direct Payments with the capability to reach all U.S. bank and credit union accounts. There were 31.5 billion ACH Network payments made in 2023, valued at $80.1 trillion. Through problem-solving and consensus-building among diverse payment industry stakeholders, Nacha advances innovation and interoperability in the payments system. Nacha develops rules and standards, provides industry solutions, and delivers education, accreditation, and advisory services.
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