Gee, things are getting expensive these days. Some 13,000 Visa card users all got charged (for making small purchases) the rather stunning number of $23 quadrillion each.
Visa representatives quickly blamed the notices on a technical glitch. The 17-digit charges were applied to holders of prepaid cards, they said, such as the Visa Buxx card, a service parents can offer teenaged children.
“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,” a statement issued on Tuesday said. “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.”
(And yes, I just checked my bank account that uses a Visa-logo check card to make sure I had not been dinged for this amount.) Stories like this make you feel real confident in the banking sector, don’t they?
In fact, several big banks are reporting stunningly large profits this quarter.
Hmmm.
In my post that mentioned this, I speculated that this was how the Democrats planned to pay for their proposed health care plan.