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Stimulus Checks Cause Volume Issues at Bank

Stimulus Checks Cause Volume Issues at Bank

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FintechNews RoundupUSA
··1 min read

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

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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