Clunky software with a confusing UI just cost Citibank $500 million


On Wednesday, a judge ruled that creditors do not have to return payments that Citibank made to them in error. The bank was attempting to make $7.8 million in interest payments on behalf of Revlon last August, but a subcontractor in India handling the transaction mistakenly issued $900 million instead….

Read Entire ArticleRead Comments

This post has been read 8 times!

Like
Like Love Haha Wow Sad Angry