A processing glitch in a banking network that processes electronic transfers for major U.S. bank accounts led to delays in settling deposits, some of which remain stalled, according to the private company that operates the system.
The Clearing House Payments Co. (TCH) said in a statement Monday that some payment information that was sent to financial institutions “with the account number and names of customers masked,” which means that those payments weren’t processed right away. It blamed the problem on a technical error that occurred on Nov. 2.
