FIBT Named a Top 50 ACH Originator in 2023 by Nacha

(WATFORD CITY, ND) – 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 2023. This national distinction was driven by FIBT’s payments division, Kotapay, which processed 64 million transactions in 2023. Nacha recognized FIBT as the #41-ranked originator by volume in the nation.

“I’m proud of the way our team at FIBT and Kotapay set ourselves apart from our competitors by providing premium ACH services and features, detailed reporting, and flexibility. Our customers in all 50 states rely on us for safe, speedy payment processing – and our team continues to excel in this field,” said Jim Haug, Director of Kotapay.

“Financial institutions play a pivotal role in using the ACH Network to fulfill their customers’ diverse and evolving payment requirements,” said Jane Larimer, Nacha President & CEO.

First International Bank & Trust and Kotapay are part of the ongoing shift to electronic payments in the United States. In 2023 the modern ACH Network safely and efficiently processed 31.5 billion payments valued at $80.1 trillion, representing a 4.8 percent and a 4.4 percent increase, respectively, over 2022.