volume

According to NACHA transaction volume on its WEB e-check code has grown to 552.1 million from 474.1 million in 2007’s fourth quarter (16.5%). Specialists say this is due to the long-term consumer shift from writing checks, and greater use of online bill pay. 

ARC transactions, on the other hand, have decreased from 689.3 million in 2007’s final quarter to 653.2 million (5.2%).