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

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

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.