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,Greenledgers 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.
2025-05-01 05:12548 view
2025-05-01 04:341646 view
2025-05-01 04:241919 view
2025-05-01 03:522935 view
2025-05-01 03:372557 view
McALLEN, Texas (AP) — SpaceXis launching a new mission: making its Starbase site a new Texas city. B
The products featured in this article are from brands that are available in the NBCUniversal Checkou
HARRISBURG, Pa. (AP) — Pennsylvania lawmakers want Gov. Josh Shapiro’s Department of Aging to disclo