There is a major shift in the US from paper checks to electronic, whether it be Direct Deposit Payroll, Commercial Cash Concentration, B2B payments, EBPP (electronic bill payment and presentment), RCK (check collection), ARC (account receivable collection) and of course, direct debit.
The US still uses a large amount of paper checks compared to other countries, so there is a huge market for converting paper to electronic.
I'm sure many of you have paid at the point of sale with a check only to have it scanned and returned right back to you.
Long live ACH.
