The two automated clearing house (ACH) operators in the U.S.—FedACH, a service of the Federal Reserve Banks, and Electronic Payments Network (EPN), a business unit of the Clearing House Payments Company—processed 18.11 billion consumer-related ACH payments last year, up 5.7%. The combined value of consumer-related ACH payments was $14.763 trillion, an increase of 7.2%. The chart on this page does not include on-us transactions, whereby a financial institution owned both the deposit account of the payor and the recipient. ACH transactions are credits and debits of funds between consum...