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, in 2007, Fedwire processed about 537,000 transfers per day valued at nearly $2.7 trillion.)
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
This article is issued from Wikipedia - version of the 8/21/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.