Credit Card Professor

  • Increase font size
  • Default font size
  • Decrease font size
Credit Cards Professor Articles

Visa Customers Shocked to find Charges in the Quadrillions Due to System Error

E-mail
User Rating: / 0
PoorBest 
altSeveral customers of Visa debit cards were charged a bit too much for their transactions recently. In fact, cardholders were charged over $23 quadrillion a piece, acquiring overdraft fees and a hefty debt due to a glitch in the Visa debit system.

A New Hampshire man used his debit card to buy some gas and a pack of cigarettes from a local gas station and it turned out to be the most outrageous gas prices in history, not to mention an incredibly expensive habit. After checking his account online he was completely stunned to find a charge totally $23,148,855,308,184,500! He also shared that his bank, Bank of America, had charged the $15 overdraft fee. After nearly two hours on the phone with his bank, the error was corrected the next day though it was not their fault the charge occurred.

In Texas, another Visa customer was more than a little startled when he reviewed his credit card statement to find the same 17 digit charge deducted from his account. He was certain that a meal at Wolfgang Puck’s famous restaurant was not worth quite that much and was quoted as saying, “For that amount of money, I could actually own Wolfgang Puck himself.”

According to Visa the exorbitant charges were a result of a technical issue which involved up to 13,000 transactions. “A temporary programming error at Visa Debit Processing Services caused some transactions to be inaccurately posted to a small number of Visa prepaid accounts,” read a statement released by the Director of Global Corporate Relations at Visa Inc., Elvira Swanson. “The technical glitch has been corrected, and all erroneous postings have been removed.”

Those affected by the crazy charges will not have to pay any overdraft fees associated with the glitch.

As always, stay tuned to CreditCardsProfessor.com for more of the latest credit card news, best credit card offers and important cardholder updates.
Last Updated on Wednesday, 07 September 2011 13:44  

Quick Credit Applications

Excellent credit cards with the best rewards and payment plans
No problem! We have credit cards for you
Find cards with 0% APR and low interest
Earn rewards with each purchase.
Earn money for shopping!
Transfer all debt onto one convenient credit card
No waiting! Instant approval
Credit cards for those with no previous credit


Ask the Professor

Have a question about the best credit cards, interest rates or general credit card information? Click Here to ask the credit card professor a question

Your Guide to the 2009 Credit CARD Act

Learn about President Obama's May 22, 2009 act limiting consumer credit card interest rates, bannings and billing practices.

Click Here to Learn about the 2009 Credit Card Act