U.S. B2B check payment volume still reaches $15 trillion
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AI-assisted source synthesis · not an independent investigation.
As of October 19, 2026, PYMNTS cited Federal Reserve Bank of Cleveland research reporting that ACH accounted for 41% of B2B payments by transaction count in 2024, while checks accounted for 13%. Although checks’ share of transaction volume was lower than ACH’s, their payment value still reached $15 trillion, showing that checks continue to carry substantial amounts in business payments. The report also stated that the bottleneck facing business payments is shifting toward process automation. Existing reports did not provide specific figures or a time series for how this amount had changed compared with earlier periods.
AI-written from reports · updated 2 hours ago
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- PYMNTSB2B checks still carry $15 trillion annually as business payment bottlenecks shift toward process automation
PYMNTS, citing research from the Federal Reserve Bank of Cleveland, reported that ACH accounted for 41% of B2B payments by transaction count in 2024, while checks accounted for just 13%, but the value of check payments still reached $15 trillion.
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