Resolved -
Incident Resolved – Settlement Transfer Delays
Status: Resolved Environment: Production Affected Component: Transfers / Funding
The Federal Reserve FedACH system has returned to normal operation and is currently processing settlement files. As a result, settlement transfers are now flowing normally through the banking networks.
All Zift systems are operating as expected, and no further delays related to this incident are anticipated.
We appreciate your patience while this industry-wide banking issue was addressed.
If you have any questions regarding settlement activity, please contact support@zift.io
We are continuing to monitor an industry-wide issue affecting settlement transfers across multiple financial institutions, including dependencies related to the Federal Reserve network.
While settlement activity has resumed, there remains the possibility of additional delays or irregular funding timing for nightly settlement transfers.
Impact: Some merchants may experience delayed receipt of settlement funds. Transaction processing, authorization, and capture services remain fully operational. This issue only affects the timing of fund transfers to merchant bank accounts.
We are actively monitoring updates from our banking and processing partners and will provide additional information as it becomes available.
Resolved -
FedACH services have been fully restored by the Federal Reserve, and all delayed settlement files are now being processed. Merchants can expect their pending funds to be deposited as the banking system clears the backlog from today's earlier outage. For more information on the Fed outage visit https://www.frbservices.org/app/status/serviceStatus.do
We are continuing to monitor the situation with the Federal Reserve. FedACH services have been restored, and the Federal Reserve is now clearing a large backlog of today's delayed settlements. While funds are now being distributed, some merchants may still see delays as the banking system attempts to catch up. Thank you for your understanding as we continue to monitor this situation.
Mar 3, 14:16 EST
Monitoring -
March 03, 2026 12:00 PM Eastern Time
Status: Monitoring Environment: Production Affected Component: Transfers / Funding
We are aware of an industry-wide issue caused by the Federal Reserve settlement network multiple financial institutions, which is causing delays in nightly settlement transfers.
Impact: Some merchants may experience delays in receiving expected funding from prior-day settlement activity.
Transaction processing, authorization, and capture services remain fully operational. This issue is limited to the timing of fund transfers to bank accounts.
We are actively monitoring the situation with the Federal Reserve and will provide updates as additional information becomes available.