Barclays Server Crash Leaves Customers Unble To Withdraw Cash, Use Debit Cards

Tyler Durden's picture

Having managed to stem its recent earnings rout, reporting a Q4 rebound in income from continuing operations which rose to £380 million after reporting a loss of £2.24 billion a year ago, UK's Barclays is facing a more traditional problem: on Saturday Barclays customers have reported problems using their cards in shops and withdrawing money from some cash machines according to the BBC.

Barclays customers tweeted about problems using their cards when out shopping or trying to access online banking on Saturday afternoon. "Wondered why my card was declined when paying for lunch. Barclays servers have crashed. Brilliant," said one customer, James. Other echoed his sentiments.

According to the BBC, The bank said it was "working to fix" a problem and advised customers to use other banks' cash machines. It added that telephone banking and in-branch payments were also affected and apologised "for any inconvenience".

It is not yet known how many of Barclays' 15 million card customers have been affected by the problems. In a tweet, the bank said: "We're still experiencing issues affecting Barclays Debit Card and ATM transactions. Our teams are working to get this restored." Barclays added: "Technical issues are affecting some digital services. We're investigating this and apologise for any inconvenience."

This is the latest in a series of technical "glitches" to hit the bank recently. Today's problems come months after thousands of Barclays customers in the north of the UK had payments wrongly taken from their accounts. Last October, Barclays said customers were refunded after they had duplicate debit card payments taken.

An amusing, if accurate comment following the news, highlights just how "safe" one's cash held in the bank is these days:

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onewayticket2's picture

"Just a flesh wound."

Looney's picture

 

This is just a Dress Rehearsal of the upcoming Capital Controls.  ;-)

Looney

Delving Eye's picture

Fuck you, Barclays -- and your little dog, too!

Save_America1st's picture

Trial run

keep stackin', bitchez ;-)

Manthong's picture

How do YOU spell “3rd party risk”?

Fizzy Head's picture

How do YOU spell “3rd party risk”?

 

Alex-  What is digital currency for $1000 BTC?

xythras's picture
xythras (not verified) Fizzy Head Feb 25, 2017 1:49 PM

That happens when you employ 3rd world people to do jobs in 1st world countries.

And then this happens:

French Police are battling their muslim french citizens in Nantes:

Teargas used as Anti-Le Pen Protest in France Descends into Violence

http://dailywesterner.com/news/2017-02-25/teargas-used-as-anti-le-pen-pr...

Soul Glow's picture

Yeah, everyone must consider what happens in the next financial panic, for if Trump won't bail the banks out, who will?

Hint, the depositers.

Manthong's picture

“Hint, the depositors.”

Maybe personally held amounts of Au, Ag, Pb and Cu might prove valuable against fake digits.

One still owns that stuff even if the computers and the network crash.

Winston Churchill's picture

I lived thru' the old "dollar premium" capital controls.

Trust me, Barclays still knows how to do it without needing to practice.

I will pop out later to see if my Barclays ATM card is working though..

Manthong's picture

If one needs an ATM to go about daily life…..

F me.. I need not go on.

..but I am confident (hopeful?) that you are hugely sarcastic with that.  : - )

 

TheRideNeverEnds's picture

My Barclaycard works fine. Granted it's the CashForeward credit card but only poor people and morons use debit cards / cash for purchases these days. Their credit card gives 1.5% cash back on all purchases plus every time you redeem you get a 5% cash rewards redemption bonus.

It's literally free money.

As a bonus if their whole operation goes belly up suddenly all you have on their books is debt so you have no risk of loss. It's all upside.

Dig Deeper1's picture

Just return the Margaritaville machine (with salsa dispenser) for cash.  I think Sur la Table is still open.

ZH Snob's picture

server crash is the new code for bank holiday.

and of course they both mean GAME OVER.

cherry picker's picture

And they want us to go cashless, who are they kidding?

Bigly's picture

Exactly. And any fool who argues cashless needs to address this weakness. Of couse it is totalitarian control with an extra topping of systemic failure risk.

Ignatius's picture

Right, if one's real goal is a robust, durable system then the last thing one does is make it all hinge on the proper operation of a computer system like Barclay's.

After 9/11 I recall a discussion about the security of the food supply, and of course their answer was to further centralize it.  Wrong, wrong, wrong.  This shows the corruption at the heart of it all this because a decentralized system with many sources is far more robust.

Manthong's picture

Well, it will be interesting to see if they can digitize manufactured Cu/Pb.

If they do, a .22 rimfire should be worth a few hundred dollars or so.

Soul Glow's picture

The idiots among us, which makes up roughly 3/4 of the population.

SeuMadruga's picture

3/4 ?!

 

hum...another inveterated user of those rosy eye glasses...

shizzledizzle's picture

But hey, Bitcoin is totaly safe! 

SeuMadruga's picture

...safe, yet not sound, as it doesn't tinkle in your pocket.  ;-)

Jack Offelday's picture

Bring on Phat Bollard...

"Barclays, cuz they look after me..."

https://www.youtube.com/watch?v=MskwYQINIis

Francis Marx's picture

Just wait till they go cashless. Mass famine when the power goes out. The mark of the beast ;)

sodbuster's picture

Moo-shell O. is gonna put her mark on us?

sodbuster's picture

Welcome to a cashless society, Sheeple!!!!!

max2205's picture

Just ask $wfc how this happens 

max2205's picture

Must be end of month window dressing 

Soul Glow's picture

PS, we're working on banning cash, but by the time we do you'll never experience any techincal difficulties with your plastic.

bjax's picture

I didn't even know barcalys was still around, think of them as dinosaurs .. 

Soul Glow's picture

They were the last bank directly owned by the Rothchild banking arms. Rothchild sold them right before the crash of '87.

rockstone's picture

How fortuitous!

"This kind of shit happens to me all the time."

Billy Ray Valentine

rich1657's picture

Barclays took over USAir Mastercard but never sent me the new card.  I'm not gonna chase it.  They still track FICO so there's that.

christiangustafson's picture

NullPointerException -- oh fuck me

I must have put a decimal point in the wrong place or something. Shit! I always do that. I always mess up some mundane detail.

BingoBoggins's picture

... erm, huh? ( must - maintain - focus )

SeuMadruga's picture

Butt if you changed your avatar...  :)

Disgruntled Goat's picture

Pay attention snowflakes. This is a sneak preview.

But I heard that if you wear those Obama and Hillary campaign buttons you will be protected from the violence. Right?

Ink Pusher's picture

All it's going to take is 'One Big CME' (CME= Coronal Mass Ejection) or Solar Flare of sufficient magnitude and the party is over for all digital transits , crypto currencies and any other electronic currency alternatives.

We almost got smoked 5 years ago* but we just got LUCKY!

"While you didn’t see it, feel it, or even read about it in the newspapers, Earth was almost knocked back to the Stone Age on July 23, 2012. 

It wasn’t some crazed dictator with his finger on the thermonuclear button or a giant asteroid that came close to wiping out civilization as we know it, though — no, what nearly ended us was a massive solar storm.

Our most bounteous and fantastical celestial body — the Sun — kicked out one of the largest solar flares and coronal mass ejections ever recorded. And it missed Earth by a whisker. “If it had hit, we would still be picking up the pieces,” says Daniel Baker, who led the research into the massive solar storm."

lakecity55's picture

Cash is King, baby!

Uhh, PMs are King, man!

Great! I have to go boating to get some funds.

Disgruntled Goat's picture

Hmmmm..... how will that affect my EOTech optics I wonder?  Might have to have something more standard as a backup.

Giant Meteor's picture

Thank you, and thank you for the honorable mention. I agree with this assessment!

BustainMovealota's picture

All true, but its doesn't even have to be that extravagant.  The grid and the systems that manage those resources are fragile.  A well placed Stuxnet (or similar) code would be sufficient to damage the infrastructure in duration and magnitude.  Doesn't even have to be holistic hit, JED (Just Enough Damage) and other grid components and interconnects would fall like dominoes.

Ban KKiller's picture

Watch Suspicious 0bservers on YoutTube. Ben calls it well. 

Amazing how many CMEs happen on the opposing side of the sun. It is not "if" but when. Guessing it would kill (indirectly) about 50% of the unprepared folks. Big cities are doomed as roving masses of snowflakes turn into....killers! Ha-ha-ha.

SeuMadruga's picture

That other CME (in IL) poses a big threat to lots of folks too...

lakecity55's picture

"While all Electronic Banking is down, we encourage customers to use Cash."

"For those customers in countries with no cash in circulation, our website contains a list of barter items acceptable in many locations. Some businesses in our network will allow you to work off your meals."