1st Quarter 2004 ACH Statistics

Below are two summaries of ACH volume statistics for the 1st quarter 2004. These summaries do not include estimates of on-us transactions. ACH Network volume was 2,140,838,360, which is a 6.36% increase over the previous quarter and a 20.87% increase over a year ago. The quarterly increase of 6.36% is the highest since the 1st quarter 2001. ARC transactions nearly doubled over the previous quarter, from 73.9 million to 142.4 million, a 92.7% increase. ARC accounted for 53.5% of all ACH growth in the quarter. Commercial debits exceeded 1 billion in a quarter for the first time, and now account for 54.5% of commercial volume.