Payments settled electronically through automated clearinghouse (ACH) networks in the U.S. operated by the Federal Reserve System and the EPN bank consortium exceeded 24 billion in 2015, an increase of 5.6% or 1.30 billion transactions. Those transactions were valued at $41.600 trillion, up 4.0%. ACH transactions are credit and debit transfers of funds between consumers and businesses, businesses and businesses, governments and consumers, consumers and consumers, or governments and businesses. Funds transferred from an originator’s account to a recipient’s account are credit transact...