FedACH
id:
fedach-319-11441983
title:
FedACH
text:
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, Fedwire processed about 537,000 transactions valued at nearly $2.7 trillion per day in the same year. Unlike Fedwire, which processes transactions in real-time, FedACH is a batch processing-based system. The Federal Reserve Banks began offering ACH services to depository institutions in t
brand slug:
wiki
category slug:
encyclopedia
description:
Automated clearing house by Federal Reserve Banks
original url:
https://en.wikipedia.org/wiki/FedACH
date created:
date modified:
2023-11-07T08:15:06Z
main entity:
{"identifier":"Q16836452","url":"https://www.wikidata.org/entity/Q16836452"}
image:
fields total:
13
integrity:
14