Wells Fargo Maintains Status as #1 ACH Originator for the 10th Consecutive Year
Wells Fargo & Company (WFC)
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Source: Business Wire
Growth of the ACH Network highlights the demand for faster payments SAN FRANCISCO--(BUSINESS WIRE)--With the release of Nacha’s Top 50 financial institution ACH originators for 2021, Wells Fargo was confirmed as the top payment originator by volume on the Automated Clearing House (ACH) Network for the tenth consecutive year*. ACH payments are electronic, bank-to-bank money transfers processed through the ACH Network for consumers, businesses, and federal, state, and local governments.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220516005594/en/Wells Fargo Maintains Status as #1 ACH Originator for the 10th Consecutive Year (Photo: Wells Fargo)In 2021, Wells Fargo originated over 7.7 billion ACH payments, which accounts for over 26% of the 29.1 billion payments sent across the ACH Network, valued at close to $73 trillion. The overall payment volume on the ACH Network grew 8.8% from 2020*. “Wells Fargo has led ACH origina
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