Visa computer error leads to US$23 quadrillion overdraft

 

Pack of cigarettes costs US$23,148,855,308,184,500.

A computer error has led to some Visa prepaid credit card holders being charged enormous sums for simple purchases.

A New Hampshire man stopped at his local petrol station to buy a packet of cigarettes using a prepaid Visa card.

Checking his balance online a few hours later he found the cigarettes had cost him US$23,148,855,308,184,500, plus a $15 charge for going overdrawn.

"I thought somebody had bought Europe with my credit card," Josh Muszynski told local television station WMUR.

"It is a lot of money in the negative, something I could never, ever, afford to pay back. My children could not afford it, grandchildren, nothing like that. "

He spent two hours on the phone to Bank of America questioning the charge and it has now been removed from his account, along with the overdraft fee.

The amount, many times the US national debt, was added to his bill by a computer glitch that has now been rectified according to Visa. The problem occurred with a temporary programming error at the Visa Debit Processing Services the company said.

“Late yesterday, July 13, a temporary programming error at Visa Debit Processing Services, caused some transactions to be inaccurately posted to a small number of Visa prepaid accounts,” said the company in a statement.

“The technical glitch, which impacted fewer than 13,000 Visa prepaid transactions, has been corrected and erroneous postings have been removed. Importantly, this incident had no financial impact on Visa prepaid cardholders.”

“Visa regrets any inconvenience to our customers and has taken immediate steps to ensure this error doesn't occur again.”

Copyright ©v3.co.uk


Visa computer error leads to US$23 quadrillion overdraft
 
 
 
Top Stories
 
Beyond ACORN: Cracking the infosec skills nut
[Blog post] Could the Government's cybercrime focus be a catalyst for change?
 
The iTnews Benchmark Awards
Meet the best of the best.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Who do you trust most to protect your private data?







   |   View results
Your bank
  38%
 
Your insurance company
  4%
 
A technology company (Google, Facebook et al)
  8%
 
Your telco, ISP or utility
  8%
 
A retailer (Coles, Woolworths et al)
  3%
 
A Federal Government agency (ATO, Centrelink etc)
  19%
 
An Australian law enforcement agency (AFP, ASIO et al)
  14%
 
A State Government agency (Health dept, etc)
  6%
TOTAL VOTES: 1897

Vote
Do you support the abolition of the Office of the Information Commissioner?