In this news, we discuss the JPMorgan processes deposits delayed overnight.
(Reuters) – JPMorgan Chase & Co JPM.N has processed some direct deposits, or funds deposited into a bank account electronically, which were delayed earlier during overnight processing in the United States, a spokesperson said on Friday of the society.
The cause of the delays was not immediately clear.
In 2018, a problem on the site Bank’s web led customers to view another customer’s account after login. (Bit.ly/3ezxmlq)
Outages have occurred with increasing frequency in banks and other financial companies that manage customer deposits and investment accounts.
Sometimes outages are due to technical issues or routine maintenance gone awry, but financial companies are also major targets of online attacks that overwhelm their systems with queries, attempt to install malware, or cause other technical difficulties.
Reporting by Noor Zainab Hussain and Niket Nishant in Bangalore; Edited by Shounak Dasgupta
Original © Thomson Reuters
Originally posted 2020-11-06 08:36:10.