State of the ACH Debit: Messages, Tweaks and Moonshots
State of the ACH Debit: Messages, Tweaks and Moonshots Robert Unger, AAP Senior Director Product Management and Strategic Corporate Relations NACHA-The Electronic Payments Association 703-561-3913, [email protected]
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
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State of the ACH Debit: Consumer Volume
2008
2016
% Change
CONSUMER DEBITS Check-initiated Native electronic
3,252,205,503 5,166,854,845
1,738,827,862 8,809,026,795
-0.47 0.70
CONSUMER CREDITS Total
4,460,256,120
6,356,229,024
0.43
65.37% 53.67%
62.40% 58.09%
all debits as % of all consumer native debits as % of all consum
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
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State of the ACH Debit: B2B Volume
CCD debits CCD credits CTX
CCD debits as % of all CCDs CCD debit as % of all B2B
2008 594,716,114 1,342,277,560 55,244,515
2016 1,000,736,647 1,973,146,280 111,045,469
30.70% 29.85%
33.65% 32.44%
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
% Change 0.68 0.47 1.01
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Messages • What’s good about ACH debit/same day ACH debit for: – Consumers – Businesses
• What’s good about ACH debit/same day ACH debit compared to other debit products? – Checks – Debit cards
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
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What are the ACH Debit Issues? • • • • • • •
Awareness? Rules? Payment finality? Systems? Costs/economics? Competition? Business practices?
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
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Addressing the Issues …. Message, Microtweak, or Moonshot?
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
2
State of the ACH Debit: Consumer Volume
2008
2016
% Change
CONSUMER DEBITS Check-initiated Native electronic
3,252,205,503 5,166,854,845
1,738,827,862 8,809,026,795
-0.47 0.70
CONSUMER CREDITS Total
4,460,256,120
6,356,229,024
0.43
65.37% 53.67%
62.40% 58.09%
all debits as % of all consumer native debits as % of all consum
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
3
State of the ACH Debit: B2B Volume
CCD debits CCD credits CTX
CCD debits as % of all CCDs CCD debit as % of all B2B
2008 594,716,114 1,342,277,560 55,244,515
2016 1,000,736,647 1,973,146,280 111,045,469
30.70% 29.85%
33.65% 32.44%
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
% Change 0.68 0.47 1.01
4
Messages • What’s good about ACH debit/same day ACH debit for: – Consumers – Businesses
• What’s good about ACH debit/same day ACH debit compared to other debit products? – Checks – Debit cards
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
5
What are the ACH Debit Issues? • • • • • • •
Awareness? Rules? Payment finality? Systems? Costs/economics? Competition? Business practices?
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
6
Addressing the Issues …. Message, Microtweak, or Moonshot?
© 2017 NACHA — The Electronic Payments Association. All rights reserved. No part of this material may be used without the prior written permission of NACHA. This material is not intended to provide any warranties or legal advice and is intended for educational purposes only.
