NACHA NEWS: NACHA Issues Top 50 Lists of Originating and Receiving ACH Financial Institutions for 2006

By Maria Bruno-Britz

NACHA - The Electronic Payments Association (Herndon, Va.) released today at its PAYMENTS 2007 conference the NACHA Top 50 lists of the largest originating and receiving financial institutions of automated clearing house (ACH) payments for 2006.The financial institutions in the NACHA Top 50 of originating institutions accounted for 95.7 percent of all inter-bank ACH payments in 2006, up from 93.7 percent in 2005. The Top 5 institutions accounted for 59.1 percent of all ACH origination activity; the Top 10 accounted for 76.0 percent. On the receiving side, the financial institutions in the NACHA Top 50 accounted for 59.2 percent of ACH payments, up from 52.8 percent in 2005. The Top 5 institutions accounted for 28.5 percent, and the Top 10 accounted for 38.1 percent.

In the Top 50 data, NACHA includes all ACH-formatted transactions that financial institutions sent to or received from an ACH Operator or directly to or from another financial institution. ACH-formatted transactions remaining within a single institution ("on-us" payments) are excluded from the Top 50 results.

Top 50 Originators

1. JPMorgan Chase 2. Bank of America 3. Wells Fargo 4. Citigroup 5. Wachovia 6. SunTrust Banks 7. Mellon Financial 8. U.S. Bancorp 9. Capital One Financial 10. HSBC Holding USA

Top 50 Receivers

1. Bank of America 2. Wells Fargo 3. Wachovia 4. JPMorgan Chase 5. Washington Mutual 6. U.S. Bancorp 7. Regions Financial 8. SunTrust Banks 9. Citizens Financial Group 10. Citigroup