Multiple US banks were hit by deposit delays caused by an error at a payment processing network, according to the Federal Reserve.
Multiple US banks were hit by deposit delays on Friday caused by an error at a payment processing network, according to the Federal Reserve.
Greg MacSweeney, a spokesperson for The Clearing House, said Friday the problem was caused by a "manual error" and is not linked to a cybersecurity issue.There has been no update on when the problem will be resolved.Friday afternoon the problem was caused by a "processing issue" at ACH. The Fed had said an "error" in a batch of payments delayed the processing of payments.
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