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Federal Reserve’s Money Transfer Services Suffer Outage

The Federal Reserve’s online money transfer system suffered an outage for more than three hours Wednesday afternoon. The bank began restoring services by late afternoon, but at its height, the outage was still affecting some services. The issue affecting some Central Bank applications was resolved by 2:17 p.m., and the Federal Reserve told users they could resume normal access to these services, although others remained offline. The central bank describes Fedwire as the “premier” electronic funds transfer service that banks, businesses and government agencies use.”]

Source: https://www.cuinfosecurity.com/federal-reserves-money-transfer-services-suffer-outage-a-16060

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