CBA clients have rough start of the week due to problematic online transactions

Maria Nikolova

There is an issue affecting some Visa card transactions and some payments in NetBank and CommBank apps.

mobile

Customers of Commonwealth Bank of Australia (ASX:CBA) are having a rather troublesome start of the week, as tech issues have plagued online transactions. The issues affect Visa card transactions and payments in NetBank and CommBank app. Putting it otherwise, online payments are hard or impossible to carry out.

The bank confirmed the problems early today, stating on its Twitter account:

“Morning everyone. We’re aware of an issue affecting some Visa card transactions and some payments in NetBank and CommBank app. We’re working to fix as a priority and we apologise for any inconvenience first thing on a Monday”.

Clients of the bank complained about being unable to get to their workplaces as they were unable to pay for transportation. The frustration about being unable to pay for a cup of coffee on Monday morning, to pay one’s bills or to conduct business added to the frustration of CBA’s customers.

About 8 hours after the initial confirmation of the outage, CBA said that:

“Transfers and payments are now working in NetBank and the CommBank app. As we restore services some users may experience log-on taking a little longer than normal. We’re sorry – we realise this isn’t the best start to a Monday and we appreciate your patience”.

“We’re aware that some customers may continue to experience issues logging into NetBank and the CommBank app. We understand this is very frustrating and we apologise – we’re working to restore services as soon as we can”.

In fact, many of the clients report persisting problems.

The situation is similar to what European Visa cardholders experienced on June 1, 2018. Customers were prevented from using Visa for payments for more than 16 hours. Visa said the issue was the result of a hardware failure within one of its European systems and was not associated with any unauthorised access or cyberattack.

Read this next

Digital Assets

Celsius users consider legal challenge to reorganization plan

A group of creditors from the bankrupt crypto lender Celsius is looking into legal options to challenge the company’s reorganization plan, which they claim unfairly favors certain creditors.

Digital Assets

e-CNY mastermind Yao Qian arrested in corruption probe

The mastermind behind China’s central bank digital currency (CBDC) project is reportedly under scrutiny for suspected “violations of discipline and law,” according to Shanghai Securities News.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: USD Strength, US PCE, Eurozone April 26 ,2024

US inflation data came in hotter than expected, pressuring the Federal Reserve to potentially raise interest rates and causing the US Dollar to rise against the Euro as the Eurozone faces economic uncertainties.

blockdag

BlockDAG Presale Tops $20.7M! Here’s How to Buy BDAG Coins with USDT and Ethereum for Explosive Gains of 30,000x

Early investors are looking at potentially significant returns in its tenth batch at $0.006 per coin.

Retail FX

Exclusive: Prop firm Funded Engineer faces lawsuit from FPFX

Retail trading tech provider FPFX Technologies, LLC (FPFX Tech), has filed a lawsuit against the prop firm Funded Engineer and its associated operatives for alleged breaches of contract.

Market News, Tech and Fundamental, Technical Analysis

USDJPY Technical Analysis Report 26 April, 2024

USDJPY currency pair can be expected to rise further toward the next resistance level 160.00, target price for the completion of the active impulse sequence (C).

Digital Assets

US crypto miner and founders hit with $5.6 million fraud charges

The U.S. Securities and Exchange Commission (SEC) has filed charges against Texas-based cryptocurrency mining and hosting company Geosyn, and its co-founders Caleb Ward and Jeremy McNutt.

Chainwire

BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024

Platinum Spotlight: BloFin dazzles as the top sponsor of TOKEN2049 Dubai, elevating its status with the electrifying WhalesNight AfterParty 2024. Celebrate blockchain innovation and join the night where industry leaders and pioneers connect.

<