Contents

The American Economy Runs on ACH... 3

ACH Excels in a Diversity of Use Cases for Large and Small Transactions ... 4

Business-to-Business Channels .... 4

Government Channels ... 5

Business-to-Consumer Payroll Direct Deposit ... 5

Consumer-to-Business Bill Pay ... 6

Several Key Attributes of ACH Position It for the Next Generation of Payment Form Factors ... 7

Ubiquity or the Network Effect ... 7

Transaction Speed Through Same Day ACH ... 7

Efficiency ... 9

Nacha Governance ... 10

Never Standing Still ... 10

Supporting the Future of Payments, ACH Moves to an “Always On” Mode ... 12

Endnotes ... 11