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Cost Savings Converting from Paper to ACH

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Question: 
I am trying to find recent cost savings for converting from paper to ACH. I have been using $.80 savings for converting a credit and $.05 for converting a debit. I think these figures came from the old Fed Functional cost analysis. Any help would be greatly appreciated.
Answer: 

I can't cite any functional cost analysis numbers. However, the Financial Management Service of the U.S. Treasury Department said in August 2009 that every federal benefits payment that is converted from a paper check to direct deposit via the ACH saves the federal government (and therefore you and me as taxpayers) 93 cents.

First published on BankersOnline.com 1/10/11

First published on 01/10/2011

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