When same-day ACH credits were launched last fall, observers predicted they would be most popular with corporates that were late sending a payroll file.

Data on the first six months' worth of same-day ACH seem to confirm those predictions, showing more than half of transactions were direct deposits. In three months ending in March (the most recent data available), there were more than 13 million same-day ACH transactions, with a total value of nearly $18 billion; 7.2 million of those transactions, or 54%, were direct deposits, while just 32% were business-to-business payments.

Nancy Atkinson, founder and principal of Pittsburgh-based GTB Consulting, said that she has been surprised by the level of use of same-day ACH.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.

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