"Several US banks were affected by delays in deposits. The Federal Reserve announced thatthe failure was caused by an error in a payment processing network.
Users of Chase, US Bank, Truist, Wells Fargo and Bank of America began reporting failures on Downdetector starting at 8:00 a.m. ET, the number of which has decreased, but continue. The US central bank told banks that the problem was caused by a “processing issue” at the private sector operator of Automated Clearing House (ACH), a national network to process transactions." MS
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