NACHA Top 50 List for 2000 Issued

Apr 23, 2001, 01:00 ET from National Automated Clearing House Association

    WASHINGTON, April 23 /PRNewswire Interactive News Release/ -- NACHA - The
 Electronic Payments Association released today at its PAYMENTS 2001 conference
 the NACHA Top 50 list of the largest originators of ACH payments for 2000.
     "The Year 2000 was another year of tremendous activity and growth in the
 ACH industry," said Elliott C. McEntee, President and Chief Executive Officer
 of NACHA.  "NACHA congratulates all of the financial institutions that
 qualified for the NACHA Top 50 list."
     The complete NACHA Top 50 list of largest originators of ACH payments for
 2000 is available on NACHA's web site at http://www.nacha.org .
     In its survey, NACHA counted all ACH-formatted transactions sent from a
 commercial financial institution to an ACH Operator -- an electronic clearing
 house among banks.  ACH-formatted transactions remaining within a single
 institution -- known as on-us payments -- were excluded from the survey.
     ACH payments include Direct Deposit of payroll and dividends, Direct
 Payment of mortgages, loans, insurance, utility and other bills, automated
 savings or investment contributions, business-to-business payments, electronic
 checks, and, increasingly, e-commerce payments.  In 2000 there were almost 6.9
 billion ACH payments worth more than $20.3 trillion.
 
     About NACHA - The Electronic Payments Association
     NACHA is the leading organization in developing electronic solutions to
 improve the payments system.  NACHA represents more than 12,000 financial
 institutions through direct memberships and a network of regional payments
 associations, and 600 organizations through its six industry councils.  NACHA
 develops operating rules and business practices for the Automated Clearing
 House (ACH) Network and for electronic payments in the areas of Internet
 commerce, electronic bill payment and presentment (EBPP), financial electronic
 data interchange (EDI), international payments, electronic checks, and
 electronic benefits transfer (EBT).
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X81121983
 
 

SOURCE National Automated Clearing House Association
    WASHINGTON, April 23 /PRNewswire Interactive News Release/ -- NACHA - The
 Electronic Payments Association released today at its PAYMENTS 2001 conference
 the NACHA Top 50 list of the largest originators of ACH payments for 2000.
     "The Year 2000 was another year of tremendous activity and growth in the
 ACH industry," said Elliott C. McEntee, President and Chief Executive Officer
 of NACHA.  "NACHA congratulates all of the financial institutions that
 qualified for the NACHA Top 50 list."
     The complete NACHA Top 50 list of largest originators of ACH payments for
 2000 is available on NACHA's web site at http://www.nacha.org .
     In its survey, NACHA counted all ACH-formatted transactions sent from a
 commercial financial institution to an ACH Operator -- an electronic clearing
 house among banks.  ACH-formatted transactions remaining within a single
 institution -- known as on-us payments -- were excluded from the survey.
     ACH payments include Direct Deposit of payroll and dividends, Direct
 Payment of mortgages, loans, insurance, utility and other bills, automated
 savings or investment contributions, business-to-business payments, electronic
 checks, and, increasingly, e-commerce payments.  In 2000 there were almost 6.9
 billion ACH payments worth more than $20.3 trillion.
 
     About NACHA - The Electronic Payments Association
     NACHA is the leading organization in developing electronic solutions to
 improve the payments system.  NACHA represents more than 12,000 financial
 institutions through direct memberships and a network of regional payments
 associations, and 600 organizations through its six industry councils.  NACHA
 develops operating rules and business practices for the Automated Clearing
 House (ACH) Network and for electronic payments in the areas of Internet
 commerce, electronic bill payment and presentment (EBPP), financial electronic
 data interchange (EDI), international payments, electronic checks, and
 electronic benefits transfer (EBT).
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X81121983
 
 SOURCE  National Automated Clearing House Association