Energy News  
POLITICAL ECONOMY
Computer meltdown leaves millions of Aussies without cash

by Staff Writers
Sydney (AFP) Nov 27, 2010
A freak computer glitch at Australia's biggest bank froze cash machines and left millions of people struggling to access their money on Saturday.

National Australia Bank (NAB) said a corrupted file wiped out a huge number of transactions, including salary payments and transfers, and crashed some ATMs, angering many customers who were facing a weekend without money.

Spokeswoman Meaghan Telford said NAB was opening branches on Saturday and Sunday and bringing in extra call-centre staff as technicians scrambled to fix the problem.

"We're very apologetic," she told AFP. "We recognise this has caused people a lot of inconvenience. We're just working to resolve the problem."

Telford said the rogue file knocked out transactions on Wednesday, including salary deposits, bill payments and transfers to other banks, and then work to fix the problem hit Thursday and Friday's business.

As the electronic system buckled, some ATMs had crashed, she said, without revealing how many.

"There's been some issues with the electronic system because of the pressure the system has been under as a result of trying to resolve these issues," she said. "This has meant some ATMs have experienced issues."

Customers using microblogging site Twitter reported chaos with their bank accounts as mystifying sums appeared and disappeared, leaving many unable to withdraw cash.

Telford said NAB had cleared most of the delayed transactions but could not predict when the system would be back to normal. She did not estimate how many of NAB's 11.5 million customers were affected.

According to national news agency AAP, international banking giant HSBC's transactions to other banks, payroll deposits and direct debits were also affected, as NAB clears payments for HSBC in Australia.

NAB also warned on its website that its Internet banking was slow as millions of customers checked their accounts.

The meltdown comes at a time of growing discontent towards Australia's "big four" banks over rising interest rates and a swathe of minor fees, with even Prime Minister Julia Gillard urging unhappy customers to switch lenders.

Last week 250 investors brought a multi-million dollar lawsuit against NAB claiming it failed to properly disclose its exposure to toxic US debt during the financial crisis.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
The Economy



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


POLITICAL ECONOMY
China must step up inflation battle: analysts
Beijing (AFP) Nov 24, 2010
China's frantic efforts to contain spiralling prices of food and other goods will likely fall short and it will also need to impose rate hikes and tougher curbs on bank lending, analysts said. Ever fearful of inflation's historic potential to spark unrest in China, the government has ordered a range of steps to ensure supplies of key goods, offer financial help to the needy and vowed to impo ... read more







POLITICAL ECONOMY
Gravity wave project takes important step

Picometre Precision Demonstrated By LISA Pathfinder Tests

The Earth Is Not Round

Putting A Spin On Light And Atoms

POLITICAL ECONOMY
Minneapolis Convention Center Solar Array Completed Ahead Of Schedule

Chicago Secures Solar Power International For 2013

Boeing To Mass-Produce Industry's Most Efficient Terrestrial Solar Cell

Tennessee's Largest Solar Array Under Construction In Jackson

POLITICAL ECONOMY
Optimizing Large Wind Farms

Enhancing The Efficiency Of Wind Turbines

GL Garrad Hassan Chosen For SMart Wind's 'Hornsea' Zone

Argentina adds wind to energy portfolio

POLITICAL ECONOMY
Developing Countries Can Cut Greenhouse Gas Emissions And Help The Poor

LockMart Continues Ocean Thermal Energy Conversion

Indian minister says adopting US lifestyle a 'disaster'

China admits it is the world's biggest polluter

POLITICAL ECONOMY
Chinese boats near disputed islands: Japan coastguard

BP sells stake in Pan American Energy to Bridas

Oil-rich south Sudan must weigh progress versus environment

Methane-Powered Laptops May Be Closer Than You Think

POLITICAL ECONOMY
500th 'extrasolar' planet discovered

Planet From Another Galaxy Discovered

First glimpse of a planet from another galaxy

Eartly Dust Tails Point To Alien Worlds

POLITICAL ECONOMY
British naval chief reassigned after submarine grounded

Russia to expand foreign naval bases: Medvedev

Brazil unveils massive navy buildup plans

Slovenia receives Russian patrol boat as debt repayment

POLITICAL ECONOMY
Opportunity Checks out Intrepid Crater

Shallow Groundwater Reservoirs May Have Been Common On Mars

Earth bacteria could survive on Mars

Russia To Launch Unmanned Lander To Martian Moon In October 2011


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement