Enlarge / The Federal Reserve Building in Washington, DC. (credit: Rudy Sulgan / Getty Images) Federal Reserve electronic systems that enable US banks to send each other electronic payments experienced a massive outage on Wednesday afternoon. A Fed statement attributed it to an "operational error" but didn't provide much more detail. The Federal Reserve System acts as America's central bank, and it controls much of the plumbing of the US financial system. The automated clearing house (ACH) system is used for paychecks, bill payments, and other small and medium-sized transactions across the economy.
Fed Outage Shuts Down Us Payment Systems For More Than An Hour
Timothy B. Lee, Ars Technica
Wed, 02/24/2021 - 2:52pm
BING NEWS:
- Weeks after owner’s nonpayment caused 6-day outage, Westwood Mall tenants get another shutoff notice
Less than a month ago power was restored to local business owners in the Westwood Mall after a 6-day outage caused by the building owner’s failure to pay the bill. On Tuesday, a letter from the ...
04/23/2024 - 10:11 am | View Link - US 911 emergency call line outage resolved in some areas
Emergency services on the 911 telephone call line were restored late on Wednesday in parts of the United States, officials said, following a widespread outage across all of South Dakota and in parts ...
04/18/2024 - 1:23 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more