What caused the deposits to be held?

What caused the deposits to be held?
Our processor, eCheckit, has announced that it will file for bankruptcy protection. We are told that it suffered losses due to deficits incurred by other eCheckIt clients, not eRentPayment, and that its processor, Check Commerce, has held pending funds and will not release the funds to the intended recipients at this time. Unfortunately, this unexpected development created a cascade effect, which caused some eRentPayment users’ funds to be held in a pending status without being released to their designated recipients.

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