More of your peers are using electronic payments like ACH, but you might be surprised at just how much it’s growing. Use of ACH is up nearly 19% over last year, according to NACHA, The Electronic Payments Association.

That’s more than 2 billion e-transactions per year.

The rapid growth stems from a big benefit: The security and ease of e-payments can save time and money for both you and your vendors.

If you’ve been delaying use of ACH, it might be time to re-examine. Vendors used to balk at setting them up, but now more vendors are happy to accept ACH payments. Some are even encouraging it with discounts or other perks.

Tags: Electronic payments, Fraud prevention, Technology