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The Water Cooler
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Didn't get a paycheck today and should have?
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<blockquote data-quote="El Pablo" data-source="post: 4153113" data-attributes="member: 1563"><p>I bet not since payroll has nothing to do with it…</p><p></p><p>The Federal Reserve <a href="https://frbservices.org/app/status/outage.do?oId=145496" target="_blank">alerted banks</a> Friday afternoon the problem was caused by a “processing issue” at the private sector operator of the Automated Clearing House (ACH), a national network for processing transactions.</p><p></p><p>The <a href="https://www.federalreserve.gov/paymentsystems/fedach_about.htm" target="_blank">ACH system</a> allows banks to send electronic payments to each other. Everything from direct deposit paychecks to customer bill payments for mortgages and utility bills flow through this system.</p><p></p><p>The Fed said an “error” in a batch of payments delayed the processing of payments.</p><p></p><p>The Clearing House, the private sector operator of ACH, confirmed to CNN that it “experienced a processing issue” with a batch of bank transactions.</p></blockquote><p></p>
[QUOTE="El Pablo, post: 4153113, member: 1563"] I bet not since payroll has nothing to do with it… The Federal Reserve [URL='https://frbservices.org/app/status/outage.do?oId=145496']alerted banks[/URL] Friday afternoon the problem was caused by a “processing issue” at the private sector operator of the Automated Clearing House (ACH), a national network for processing transactions. The [URL='https://www.federalreserve.gov/paymentsystems/fedach_about.htm']ACH system[/URL] allows banks to send electronic payments to each other. Everything from direct deposit paychecks to customer bill payments for mortgages and utility bills flow through this system. The Fed said an “error” in a batch of payments delayed the processing of payments. The Clearing House, the private sector operator of ACH, confirmed to CNN that it “experienced a processing issue” with a batch of bank transactions. [/QUOTE]
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