Ticker: A processing glitch has held up a ‘small percentage’ of bank deposits since Thursday, overseer says; Nearly 1M chickens will be killed on a Minnesota farm because of bird flu
A processing glitch in the network that processes electronic transfers between nearly all 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. 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. 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.
Many customers have complained about the problem on social media, noting that delayed paycheck deposits have imperiled important automatic payments such as mortgage payments, rent and credit-card bills.
Nearly 1M chickens will be killed on a Minnesota farm because of bird flu
Nearly 1 million chickens on a Minnesota egg farm will be slaughtered to help limit the spread of the highly contagious bird flu after it was confirmed there, officials said Monday.
The U.S. Department of Agriculture announced that the virus was found at a farm in Wright County, Minnesota, as well as in three smaller flocks in South Dakota and Iowa. Whenever the highly pathogenic avian influenza virus is detected on a farm, the entire flock is killed as to keep it from spreading to other farms.
In addition to the Minnesota case, the USDA said some 26,800 turkeys will be killed on a farm in McPherson County in South Dakota and nearly 17,000 birds will be slaughtered on two farms in Iowa’s Clay County.