Greenledgers Trading Center|A processing glitch has held up a ‘small percentage’ of bank deposits since Thursday, overseer says

2025-05-07 16:52:08source:Esthen Exchangecategory:Scams

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 Trading Center 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.

More:Scams

Recommend

Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling

PARIS — A female wrestler from India was disqualified from her gold-medal bout at the Paris Olympics

NFL Week 6 overreactions: Jets playoff bound with Davante Adams, Lions' title hopes over

The New York Jets finally landed standout receiver Davante Adams to reunite with Aaron Rodgers, and

Yankees ride sluggers and wild pitches to ALCS Game 1 win vs. Guardians: Highlights

NEW YORK — With a pair of mighty swings, a sterling outing from their starting pitcher and yet anoth