FedACH

FedACH is the Federal Reserve Banks' automated clearing house (ACH) service. In 2007, FedACH processed about 37 million transactions per day with an average aggregate value of about $58 billion. For comparison, Fedwire processed about 537,000 transactions per day valued at nearly $2.7 trillion in the same year.[1]

See also

• Electronic Payments Network
• Fedwire
• National Settlement Service
• Clearing House Interbank Payments System (CHIPS)
• Depository Trust & Clearing Corporation
• Society for Worldwide Interbank Financial Telecommunication

References

1. The Department of the Treasury Blueprint for a Modernized Financial Regulatory Structure (PDF). United States Department of the Treasury. March 2008. p. 210.