Bug in Fed’s payment system prevents Americans from getting paid By Cointelegraph

Some of the largest United States banks cannot facilitate customer’s deposits after one of the Federal Reserve’s payment systems suffered an outage on Nov. 3.

The Federal Reserve said the bug was caused by a “processing issue” in the Automated Clearing House — a payment processing network widely used by banks and employers to deposit wages into employee bank accounts.

Bank of America outages reported in the last 24 hours. Source: Downdetector