Who is the current private sector operator of the ACH Network?

The current private sector operator of the ACH Network is indeed the Electronic Payments Network (EPN). EPN is a key player in the ACH system, facilitating electronic payments and serving as one of the two main operators within the network alongside the Federal Reserve. This differentiation is important because it illustrates the dual structure of the ACH system where both a private sector operator and a public sector operator exist to ensure redundancy and serve the vast needs of the financial community in handling electronic transactions.

The National Automated Clearing House Association (NACHA), while integral to the ACH network, primarily serves as the rulemaking body for the network rather than operating it directly. The Federal Reserve Bank does operate a major segment of the ACH Network, but it does not function as the private sector operator. Payment Processing System is not a recognized entity or operator within the scope of the ACH Network. Understanding these roles clarifies the structure and functioning of the ACH system in the U.S. financial ecosystem.