Aranka Versteer

TRAINING

Work it out

VIRTUAL PRESS OFFICESTM
(011) 807 3294   itnews@itweb.co.za | Advertise on ITWeb   Tue, 1 Jul 2008
You are here Home IT in Banking

Rage as Standard's e-banking disconnects

Standard Bank clients are fuming at another day of intermittent Internet banking. Clients say they are incurring penalties, interest costs and general hassle as the bank concedes it experienced “connectivity issues” on Monday.

Hello Peter users and ITWeb staff attempting to use the site yesterday complained of slow response times, time-outs and the display of inaccurate information.

“I tried to access my Internet banking from 8am to about 5pm. At times it would not open at all. Other times, it brought up only blank pages,” says one ITWeb user. “More often than not, it took 10 minutes to open up a page, and once in that page, I could not access any other sections.”

Another client told Hello Peter that he had been unable to make transfers into his account “and as such, debit orders are at risk of being returned. So we have a situation where I am likely to be charged interest unnecessarily, incur penalties and have my credit rating compromised because the bank is unable to render their services.”

A second Hello Peter complainant said he spent most of the afternoon trying to pay wages and monthly accounts for his business. “What normally takes 20 minutes has taken me three hours and I have only managed to pay one labourer.”

A bank response posted on Hello Peter regarding the complaints apologised for what it termed “slow response times”.

Month-end misery

Speaking to ITWeb this morning, Barry Haselton, the bank's director for applications support, said the problem “wasn't specific to Internet banking. What we experienced was connectivity issues in our network that impacted our Internet banking intermittently in the morning.” He noted the site was carrying 200 000 transactions by midday yesterday.

However, many customers complain the service was equally unavailable in the afternoon.

Another customer noted that problems of this type are common at month-end. “Why is it always at month-end when we have bills to pay that Internet banking becomes almost impossible to use? It is so unbelievably slow again today. I cannot even get the beneficiaries page to load. Shame on you Standard Bank: you should be prepared for business over the last two days of the month. It was the same last month.”

In early June, a “mainframe software glitch” downed Standard Bank's Internet banking, according to an incident reported on the front page of the Business Day. Standard Bank CIO Jörg Fischer decried the report, saying it was “totally out of proportion to the problem”.

Have patience

BMI-TechKnowledge IT research head Roy Blume has sympathy for the bank. “Intermittent failures in network segments are the most difficult to deal with.

“If there was complete failure, the bank could have moved over to its disaster recovery processes. Intermittent failures are often deceptive and take trial and error to correct.”

He says consumers are impatient and expect consistent uptime on all Internet services. “We have become so used to the convenience of on-demand services created by the Internet, that we have developed a culture of instant gratification.

“In this case, it seems a normal failure that any company could experience has become a major train-smash.”

Related stories:

 
  POST YOUR COMMENT

 Comments (1)

Scoprioso69 said:

...
As an IT-savvy person I can understand these types in intermittent network glitches, but if Clients end up being penalised as a result - that is not on. Banks are already being taken to task over exhorbitant bank charges, especially Standard's R75 for insufficient funds. Shame on them.
report abuse
vote down
vote up
July 04, 2008 Votes: +0

busy

 

Industry news

 

 

Compass gets to the root cause of cost efficiency, productivity and service quality gaps. We benchmark IT and business performance to identify those areas of potential improvement that will drive the business forward. Our fact-based consulting methodologies have been trusted for 30 years to deliver positive and lasting change. Click here  for more info  

 

bitanium_logo.gifBITanium focuses on delivering value, performance and simplicity to the Business Intelligence market with the Netezza data warehouse appliance. 
Netezza delivers 10x – 100x the performance of traditional databases, changing the game forever. 
Click here for more.

 


Broadband 2010
5-6 October 2010| The Forum, Bryanston

Early bird fee: R3 495.00 (excl VAT)

Get up to speed with SA broadband
Unravel the complex broadband packages and technologies now on offer. Find out what broadband can do for your business. Analysts and key players discuss where we’re at and where broadband is going at the ITWeb Broadband 2010 Conference.

Click here to book your place today!


Publications

Communications minister Siphive Nyanda explains how his department will take a leading role in the promotion of converged solutions to ensure all citizens have access.

 

Business

BUSINESS

Rejected