• return2ozma@lemmy.worldOP
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    11 months ago

    The Fed reported a processing issue with the Electronic Payments Network, a private sector operator for Automated Clearing House, or ACH, a network that processes transactions.

    “There was a processing error with an ACH file last night; it was a manual error associated with the file,” said Gregory MacSweeney, a vice president and head of communications at The Clearing House, the banking association and payments company that owns the EPN processing system.