Welcome to Innovating Payments' Top 3 News Headlines for the Week of July 21, 2025. This issue highlights surges in instant payments volume and value, indicating rising demand.
Kicking off this issue's coverage, the ACH Network experienced strong growth in its second quarter, with a 5% increase, and Same Day ACH payments continued to make significant gains, rising 15% from the previous year. Overall, ACH Network growth continued in the second quarter with 8.7 billion payments valued at $23.3 trillion.
Meanwhile, the Federal Reserve recently released Q2 2025 data for the FedNow Service, showing significant increases in both transaction volume and value during the period. Quarterly volume rose 62% to 2.1 million payments, while the average daily value of FedNow transactions jumped 405% to $2.7 billion.
Rounding out this issue's top stories, in Q2 2025, the RTP network managed by The Clearing House averaged 1.18 million payments per day, processing $481 billion in payments - a 195% increase in value from the previous quarter.
1. Same Day ACH Leads ACH Network Growth in Second Quarter (Nacha)
The ACH Network recorded a solid second quarter of 5% growth, with Same Day ACH payments continuing significant gains with 15% growth from a year earlier. Overall, ACH Network growth continued in the second quarter with 8.7 billion payments valued at $23.3 trillion. Those are respective increases of 5% and 7.9% from a year earlier. The volume of Same Day ACH payments in the second quarter of 2025 was 336.4 million, moving $980.3 billion in value. These are increases of 15% and 22% respectively. For the first half of 2025, Same Day ACH handled 662.4 million payments valued at close to $1.9 trillion. (Read more.)
2. Surges in FedNow® Transaction Volume and Value Show Growing Demand for Instant Payments (FedNow)
The Federal Reserve recently published Q2 2025 data for the FedNow Service, showing significant increases in both the volume and value of transactions made over the service. Quarterly volume grew 62% to 2.1 million payments, while the average daily value of FedNow transactions surged 405% to $2.7 billion. FedNow volume and value have seen robust growth in the two years since the service launched, with more than 1,400 financial institutions joining the service and an increasing number of participants switching from receive-only mode to send and receive to reap the full benefits of instant payments for their customers. (Read more.)
3. RTP® Network Hits $481 Billion in Q2 as Higher-Value Instant Payments Surge (The Clearing House)
Instant payments adoption is accelerating-and payments are getting bigger. In Q2 2025, the RTP® network, the largest instant payments system in the United States operated by The Clearing House that averages 1.18 million payments each day, processed $481 billion in payments, a 195% leap in value from the previous quarter. What's behind the surge? Businesses and financial institutions are embracing larger, faster transactions, thanks to the network's increased transaction limit of $10 million, introduced in February... The result? The average payment size skyrocketed from just $842 in January to more than $4,000 by June, a 376% increase. (Read more.)
Where is your financial institution in its instant payments journey? What strategies are you implementing to maximize the opportunities inherent in instant payments?
Check back soon for our next issue, which will highlight the industry's most pressing and essential developments. In the meantime, visit us online at Innovating Payments.
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AUTHOR: Joe Casali, AAP, AFPP, APRP
Executive Vice President
As the EVP of Payments Innovation for NEACH, Joe focuses on exploring innovative solutions and technologies that will help position members for success, both now and in the future. Connect with Joe to read more of his blogs, articles, and posts.
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