Processing glitch holds up a 'small percentage' of bank deposits since Thursday, overseer says

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Processing glitch holds up a 'small percentage' of bank deposits since Thursday, overseer says
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A glitch in the network that processes electronic transfers between nearly all U.S. bank accounts has led to delays in settling deposits, some of which remain stalled. That's according to the private company that operates the system.

<p>SAN FRANCISCO — A processing glitch in the network that processes electronic transfers between nearly all U.S.

 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.

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Processing glitch has held up ‘small percentage’ of bank deposits since Thursday: overseerProcessing glitch has held up ‘small percentage’ of bank deposits since Thursday: overseerThe 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.
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