Stimulus Checks Cause Volume Issues at Bank

Some of the biggest banks found themselves facing outages due to the unprecedented volume from people checking to see if they received their stimulus payments; the government started sending checks via direct deposit on Friday which gave banks until Wednesday to transfer it to consumer accounts; Fiserv, which provides technology to banks, told the Wall Street Journal they had “exceptionally high systemwide volume that led to intermittent accessibility”; most banks said they had resolved the issues in the afternoon, though some were still facing trouble staying online consistently. The Wall Street Journal

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