Derivatives Domino Chain Exploding?? IT "ATM Bank Glitch" Has Spread to Gemany's Largest Bank
Date: Sunday, 8-Jul-2012 00:58:29
The IT ‘glitch’ that has entirely shut down RBS’ NatWest Bank and halted ATM transactions at Russia’s largest bank Sberbank, has now spread to Germany’s largest bank, Deutsche Postbank.
Deutsche Postbank Friday reported its own IT glitch that has completely paralyzed its ATM’s nationwide.
While this entire string of 21st Century Bank Holidays has received zero MSM coverage, it is appearing more and more likely that the derivatives domino chain known as insolvency has been triggered.
Sunday, 08.07.2012 von 00:00 bis 06:00 clock
Due to technical maintenance work, with the following restriction on the supply of cash would be raised:
Withdrawals and deposits with the postal savings bank cards are expected on Sunday, 07/08/2012 from 00:00 to 06:00 clock in not at home and abroad possible.
The supply of cash in the mail Bankcard at the ATM is not affected.
We ask our customers for their understanding.
And From Google Translate:
A line problem, Deutsche Telekom has paralyzed the postal bank ATMs nationwide. The problem has occurred early Friday morning and would last for a Postbank spokesman said tonight.
Technicians were trying to fix the problem. There was hope that the devices could be in the course of Saturday returned to service. Customers could, however, the machines in the financial centers, post offices, the use of cash to the Group and Shell gas stations.
The problems of the post-bank customers at ATMs are thus apparently not directly related to the introduction of new technology in the retail business of the parent company, German bank. Starting this week, where more than five million savings accounts run on the new platform “Magellan” together.
The aim of the change was to simplify many steps in the banking business and to accelerate Germany’s largest bank had declared major step. The platform is the core of the integration of Postbank in the group. By 2015, all accounts and business processes to be migrated to the new system. Then it will use 24 million residential and business customers.
The German bank put around one billion euros in the construction of “Magellan”. Already this year, the Institute promises of simplification and standardization of IT processes and management savings of 200 million €.