Friday, August 28, 2015

Retail Banking Is Hard

Actually it's pretty simple, but some banks just don't care.
Customers of banking giant HSBC have been left without their salary and other payments as it emerged on Friday morning that the bank is suffering an as yet unknown IT problem.

The bank issued a statement on Friday following complaints from customers on Twitter and through its helplines that they have been left without money.

Such things would be less of a problem once upon a time, but with (especially in Europe) your various utilities and other regular bills pushing automatic payments, a failed bank deposit can cause a cascade of problems.