The advent of mobile rent payment options with services such as RentPayment’s iPhone app, RentByText™, and online payments from anywhere, are only a few of the many factors that may lead to the number of eCheck and ACH transactions surpassing paper check transactions soon!  According to NACHA’s President and CEO, Janet O. Estep, eCheck usage is slated to surpass the number of paper checks used by the end of 2011.

Here are a few interesting statistics about recent ACH and eCheck usage growth according to the publication, “The Green Sheet”:

  • ACH was used to move 19.4 billion payment transactions in 2010
  • In 2010, there was a 3.44% overall growth in ACH usage over 2009
  • Those 19.4 billion transactions in 2010 represented $31.74 trillion in value
  • eCommerce ACH and eCheck transactions grew by 7.4% in 2010 over 2009
  • Consumer-to-business paper check transactions fell 10% between 2006 and 2009

To read the full article on ACH and eCheck growth, please CLICK HERE>>

To learn more about how you can increase adoption of eCheck and ACH payments at your property, please email Sales@RentPayment.com.