Federal Reserve Bank
The Federal Reserve Banks are the nation’s largest ACH operator, with nearly 40 years of experience and ACH expertise. As a leader in electronic access to services, the Reserve Banks are committed to developing innovative options to meet your changing needs. Our combination of high dependability, security and innovation enables you to provide the best ACH services to your customers.
Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha’s efforts benefit the providers and users of those systems. Nacha leads groups focused on API standardization, authors the Quest Operating Rules for EBT, and is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. The ACH Network saw a remarkable year in 2019 as the annual growth rate reached a 12-year high. There were 24.7 billion payments on the ACH Network, an increase of 7.7% over 2018. The value of those payments was $55.8 trillion, up nearly 9% from 2018.
SHAZAM is a national member-owned debit and surcharge-free ATM network, processor and core provider. Founded in 1976, SHAZAM delivers choice and flexibility to community financial institutions throughout the U.S. and is a single-source provider of the following services: debit card, credit card, core data processing, ATM, merchant, marketing, risk management and ACH. Learn more at shazam.net, and follow @SHAZAMNetwork.
The Clearing House
The Clearing House is a banking association and payments company that is owned by the largest commercial banks and dates back to 1853.
The Clearing House Payments Company L.L.C. owns and operates core payments system infrastructure in the United States and is currently working to modernize that infrastructure by launching a new, ubiquitous, real-time payment system. The Payments Company is the only private-sector ACH and wire operator in the United States, clearing and settling nearly $2 trillion in U.S. dollar payments each day, representing half of all commercial ACH and wire volume.
The company has brought together banks to collaborate on key issues, including needs for the next generation of payment systems. Most recently, The Clearing House launched RTP®, a real-time payment system for all U.S. banks.
Supporting services include those offered by The Clearing House Payments Authority, a payments association with more than 1,000 financial institution members and corporate subscribers and those offered by ECCHO, which include: check education, check advocacy, and the creation and maintenance of rules that govern private sector check image exchange for its members.