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Standard Bank clients hit by double deductions

Angry clients took to social media from as early as Wednesday evening to complain.
Image: Naashon Zalk/Bloomberg News

Standard Bank said on Thursday that system problems have caused some its customers to have card transactions deducted from their accounts more than once.

Angry clients took to social media from as early as Wednesday evening to complain about the problem.

In response to frustrated customers on Twitter, the bank said: “We are aware that recent credit and debit card transactions have been deducted more than once. We are addressing (this) urgently, and all affected transactions will be reversed as soon as possible.”

Asked for comment on the problem, a bank spokesman said via e-mail: “Some Standard Bank customers have had transactions on their cheque card purchases deducted more than once. We are aware of the issue and are working tirelessly to rectify the matter.”

The spokesman added that the “impacted transactions and any associated fees will be reversed as soon as possible. We apologise for the inconvenience that this has caused.”

Update: Standard Bank sent a statement out after 13:00 saying it has reversed the transactions that were debited more than once “and are in the process of reversing any associated fees.

“A small percentage of cheque card Point of Sale and E Commerce transactions were impacted. For the frustration caused, we sincerely apologise.”

Standard Bank didn’t say what the specific cause was of the problem, only that it was being dealt with by the IT department.  —

© 2021 NewsCentral Media

Duncan McLeod is Editor of TechCentral, on which this article was first published, here

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Is there any need to steal from clients?

For those of you curios about computers, in computer science there is a problem called :
The Two Generals Problem.

Has anyone seen their card fee go up by 25% YES 25 % Robbers

Has anyone been following MTN’s similar debacle? They reluctantly admit to “technical challenges,” which led to them asking their customers to pay manually at the end of February, instead of via debit order. Then they ran the debit orders anyway. For larger amounts than they should have taken according to the invoices.

Simplest solution – all affected customers should just reverse the inflated debit orders themselves, until MTN sort themselves out.

Maybe they have the same IT people as Standard Bank.

Blame computers if you like, but all this points to a PICNIC problem as they say……PICNIC = Problem In Chair, Not In Computer.

Standard banking is bad and their insurance payout is even worse .
They stall by asking for docs repeatedly

End of comments.

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