sharon sanders
Editor-in-Chief & President
Fed says restoring disrupted Fedwire, other services
By Reuters Staff
2 MIN READ
snip
The affected services form the hidden backbone to the U.S. banking system, facilitating check clearing and allowing billions of dollars of payments to flow daily through the financial system.
Fedwire is “the premier electronic funds-transfer service that banks, businesses and government agencies rely on for mission-critical, same-day transactions,” the Fed says.
Fedwire Funds in December handled more than 835,000 transactions a day on average, with a daily average dollar volume of $3.4 trillion.
https://www.reuters.com/article/us-...ption-to-fedwire-other-services-idUSKBN2AO2I1
By Reuters Staff
2 MIN READ
snip
The affected services form the hidden backbone to the U.S. banking system, facilitating check clearing and allowing billions of dollars of payments to flow daily through the financial system.
Fedwire is “the premier electronic funds-transfer service that banks, businesses and government agencies rely on for mission-critical, same-day transactions,” the Fed says.
Fedwire Funds in December handled more than 835,000 transactions a day on average, with a daily average dollar volume of $3.4 trillion.
https://www.reuters.com/article/us-...ption-to-fedwire-other-services-idUSKBN2AO2I1