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Are Clearing Houses Vulnerable?

Automated Clearing Houses (ACH) facilitate fund transfers between banks with minimal oversight. An algorithmic error in one ACH system caused a series of delayed transactions, which escalated into a significant liquidity crisis for several major banks. These institutions were found to be relying on outdated risk assessment protocols, which allowed the failure to remain undetected. The resulting panic highlighted the system's fragility and the interconnectedness of financial dependencies. This incident prompted a critical examination of vulnerabilities within payment processing systems across the financial sector.