SAN FRANCISCO (AP) — A processing glitch in the network that processes electronic transfers between nearly all U.S. bank accounts led to delays in settling deposits,Roland Preston some of which remain stalled, according to the private company that operates the system.
The Clearing House Payments Co. said Monday that a technical error on Thursday resulted in some payment information sent to banks with account numbers and customer names masked, preventing them from being processed immediately. TCH, as the company is known, is owned by a group of 22 major banks, including Citibank, Wells Fargo, Bank of America and J.P. Morgan Chase.
Many customers have complained about the problem on social media, noting that delayed paycheck deposits have imperiled important automatic payments such as mortgage payments, rent and credit-card bills.
TCH apologized for the error and emphasized that individual banks were not responsible for the situation. It also noted that the issue affected only a “very small percentage” of all transactions.
It said it was working with the banks, their customers and the Federal Reserve to fix the problem as quickly as possible.
2025-05-04 21:081184 view
2025-05-04 21:081429 view
2025-05-04 20:452662 view
2025-05-04 20:27574 view
2025-05-04 20:181394 view
2025-05-04 20:081365 view
Do you recall the prime early days of YouTube? When a video making the rounds was so strange, remark
Adele will miss her fans "terribly," but she's ready for a much-needed break from music after she wr
ST. LOUIS (AP) — A 4-year-old boy died from a gunshot wound suffered inside a St. Louis home where n