The OG of Electronic Payments [Video]

More than $80 trillion. That’s the value of the payments processed via ACH in 2023. Regions processed more than 440 million transactions, making it one of the top 10 ACH originators in the country.

But what is ACH and what does this mean for Regions and its customers?

“ACH payments are facilitating things like tax refunds, rebates, salary and benefit payments, as well as invoice and trade payments and ecommerce purchases, just to name a few,” said Tim Mills, Emerging and Digital Payments Group manager at Regions.

Mills was recently joined by Devon Marsh, Senior Director of Network Administration at Nacha, the governing body of the ACH network, to discuss electronic payments and the evolution of the ACH Network.

Nacha was formed in the 1970s to administer the ACH network in response to the increasing volume of paper checks to resolve some of the operational inefficiencies and risks associated with …