FIBT Named a Top 50 ACH Originator in 2024 by Nacha

First International Bank & Trust (FIBT) announced today that Nacha named FIBT one of the Top 50 financial institution originators of ACH payments in the country in 2024.

This national distinction marks FIBT’s fifth consecutive placement on Nacha’s list, and was driven by FIBT’s payments division, Kotapay, which processed more than 64 million transactions in 2024. Nacha recognized FIBT as the #41-ranked originator by volume in the nation.

“I am proud of FIBT and Kotapay’s continued leadership in the electronic payment industry,” said Jim Haug, Director of Kotapay. “Providing fast, accurate, and secure electronic payment services is at the core of what we do. It’s an honor to be recognized by Nacha for a fifth year in a row.”

“The ACH Network remains the backbone of the U.S. payments system with the capability to reach every U.S. bank and credit union account,” said Nacha President and CEO Jane Larimer. “We applaud First International Bank & Trust for being a Top 50 originating financial institution in number of ACH payments.”

First International Bank & Trust and Kotapay are part of the ongoing growth of electronic payments in the United States. Total ACH payment volume for 2024, including off-Network payments, was 40.2 billion, up 7.2% from 2023.