May 17, 2004, 12:00 AM

E-check dollar volume surges over past two years, NACHA says

The use of e-checks for online consumer purchases grew to $401 million last year, more than 12 times the $32 million in 2001, reports NACHA.

The use of e-checks for online consumer purchases grew to $401 million last year, more than three times the $114.4 million in 2002 and more than 12 times the $32 million in 2001, reports NACHA, the Electronic Payments Association.

In the first quarter of this year, e-checks accounted for $103 million of online consumer purchases, double the $51.6 million in the same period last year, NACHA says.

The number of e-check transactions for online consumer purchases grew to 6.9 million transactions last year, triple the 2.3 million transactions in 2002 and 9 times the 750,000 in 2001, NACHA says.

 

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Adrien Henni / E-Commerce

Russian's new data law: What e-commerce firms need to know

All personal data must be stored in Russia, and not in cloud servers elsewhere. Here ...

FPO

Anna Kuzmina / E-Commerce

An introduction to online payments in Russia

Russian shoppers use a variety of domestic e-wallets quite often when shopping online, a result ...

Advertisement