Glitch, Glitch, Glitch…BANK FAIL!

The latest trends in banking: If the banksters aren't stealing your money, then space weather is knocking out the computers leaving you stranded at the cash register. It's really beginning to look like precious metals in a big fat safe or well dug hole in the ground is definitely the way to go nowadays!
Lets take this into consideration, that maybe, just maybe...from the bigger picture perspective, Earth's management team has a Divine plan unfolding in which the meek may inherit the Earth after all. With thing's like the UCC filings and the work of Kevin Annett, it's something to consider...Here's more from Susan Rennison on the latest economic chaos at the ATM/POP...

Financial services group ING is grappling with a major internet banking breakdown which has led to thousands of people being unable to use their direct debit cards. In some cases, people have ‘lost’ thousands of euros from their accounts because of the fault while others have thousands of euros too much, Nos television reported. Even account holders who are not allowed to overdraw have discovered their counts are deep in the red because of double bookings. Some people say long queues built up in supermarkets as people found they were unable to pay.

ING internet banking in chaos after 'mysterious' withdrawals

Dutch bank ING was inundated with complaints from retail and business customers in the Netherlands on Wednesday because their online accounts showed incorrect balances. ING said that it had a problem with processing payments on Tuesday night and that balances online appeared incorrect even though the actual balances in the accounts were not affected.
It said the problem was not caused by computer hacking. Angry customers complained by phone, on social media and in person at bank branches. ING said that it did not know how many customers had been affected. Separately, rival Dutch lender Rabobank said that it also had problems with its online banking on Wednesday. Rabobank's problems, which were unrelated to those at ING, prevented customers from requesting loans online.

Dutch bank ING's online customers find wrong balance in accounts

CUSTOMERS of two major Irish banks were unable to access their accounts online yesterday. People seeking to log on to their accounts at AIB and Permanent TSB were faced with notices from the banks warning them of technical problems.
Customers were unable to make money transfers or to pay bills. [...] The glitch that hit Permanent TSB knocked out online banking and the banks' telephone services. "It lasted for an hour but the problems were resolved and all services are back as normal," said a spokesman.

Glitch hits on-line banking yet again [Ireland]

ONTARIO — Thousands of Ontarians were left frustrated by computer problems at Service Ontario offices across the province yesterday, with many standing in line for hours only to walk away. Blaming a "complex" problem with the Service Ontario information technology system, transactions for driver's licences, vehicle registrations and health cards have "either slowed down or are not getting through," said Jenna Mannone, spokeswoman for Harinder Takhar, the minister of government services.

'Glitch' and long waits frustrate Service Ontario customers

MONTREAL—For the second time in three weeks, Montreal’s entire metro system came to a halt on Tuesday afternoon due to a computer glitch. Service was interrupted on all four lines of the metro just after 6 p.m. The outage lasted about an hour.

Computer glitch paralyzes Montreal metro system for an hour [Canada]

Blog source

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Just to add, The Dutch Rabo bank also had an outage at the
same time that the ING did. Online banking was offline, nothing
wrong with the balances tho'.

And to add: The Dutch SNS bank also had an outage a day
later where all online payments were suspended.

And one more thing, Dutch online payment processor iDeal was
also out.

But no, nothing wrong here.
.

reply to post by snewpers


It's starting -- where will it end? Should one bother paying their "bills"? I don't know.

reply to post by sarahlm

In some cases, people have ‘lost’ thousands of euros from their accounts because of the fault while others have thousands of euros too much, Nos television reported.

Ahaha... and this is what they call "real hard" Government money, where as currencies like bitcoin are just "virtual fake" money. So how come the fake money isn't prone to these types of glitches and isn't easy to manipulate like the real money is?

reply to post by sarahlm


From the Montreal link

MONTREAL—For the second time in three weeks, Montreal’s entire metro system came to a halt on Tuesday afternoon due to a computer glitch. Read more: montreal.ctvnews.ca...

This is why Cdns panic when the US government starts talking about kill switches for the internet. Far to many things tied to it. Maybe depends on the city, not sure.

The last town I lived in was so tied in, that there were times that a car accident in the wrong place, shut down all interact, internet, phones, faxes, etc.
For a couple of hours each time, gas pumps wouldn't even turn on, banks closed. At least if you had cash or cheques (and ID), you could still make purchases.

So frustrating though, if you can't even buy gas with cash, because the pumps shut down.

I can't even imagine the anger and frustration people would be feeling to see their bank accounts set to zero, or heavily in their overdraft. Imagine if then getting hit with overdraft fees, and bounced cheque charges.

reply to post by ChaoticOrder


Didn't bitcoin just get hacked? Sounds real fool-proof to me.

Originally posted by ChaoticOrder
reply to post by sarahlm

 

In some cases, people have ‘lost’ thousands of euros from their accounts because of the fault while others have thousands of euros too much, Nos television reported.

Ahaha... and this is what they call "real hard" Government money, where as currencies like bitcoin are just "virtual fake" money. So how come the fake money isn't prone to these types of glitches and isn't easy to manipulate like the real money is?

edit on 6/4/2013 by ChaoticOrder because: (no reason given)

Bitcoin is virtual. At least with the dollar or euro or whatever other fiat currency, you have paper which represents...something, even if it were to re-evaluated or exchanged for a new type/other currency.

With gold or silver you have metal, for use as money, as a luxury item (jewelry) or for industrial purposes.

Why the heck would anyone want a bitcoin over those alternatives? Bitcoin will suffer hacks and glitches, just like ALL other virtual property.