The Federal Reserve’s FedACH service and the Electronic Payments Network (EPN) business of the Clearing House Payments Company operate automated clearing house networks in the U.S. The value of FedACH and EPN commercial, consumer and government payments combined reached $61.900 trillion in 2020, up 10.8% over 2019. Consumer ACH transactions for FedACH and EPN combined increased last year by 7.7% to 22.22 billion. Those transactions were valued at $19.934 trillion, up 12.9% over 2019. Not included in figures shown in the chart here are “on-us” transactions, which occur when a financ...