The Federal Reserve’s FedACH service and the Electronic Payments Network (EPN) business of The Clearing House Payments Company, the two automated clearing house networks in the US, processed 33.50 billion in commercial, government and consumer payments in 2024. In addition to that activity, financial institutions processed 6.70 billion transactions in-house when they owned the deposit account of the recipient and the payor. The combined 40.20 billion transactions was a 7.2% increase from 2023. Payments that flow between businesses and businesses, governments and consumers, consumers and b...