# Business
Private Payrolls in the U.S. Went Up in October
Private payrolls in the U.S. rose sharply, which showed that the job market was getting better again, even though some big companies were still laying off workers.
A
lot of people were scared and bewildered when their account balances showed as 0 for a brief time.The bank said there was a problem and that professionals were working hard to fix it so that services could start up again as soon as possible.But the outage showed how much people depend on online banking.
Customers say they can't get into their accounts and that there isn't any money in them
People who worked in customer service and on social media said they couldn't get into their accounts or that the balance information was wrong.People who needed to get their money quickly were worried when they saw that their accounts were empty.
Most of the time, these kinds of problems don't last very long.Bank of America has told its customers that their account information is still safe and that their balances will be correct when the systems are back up and running.
People start to worry about how safe their money is when banks' online services don't work
More and more people are using mobile and online banking for their everyday banking, which makes things worse.It could be hard to pay bills, send money, and do other things that need to be done quickly if this kind of break happens.After major digital failures, experts say that banks need to spend more money on better infrastructure.
This is especially true because people want more and more ways to shop online.
Get the latest news right in your inbox. We never spam!
What it means for customers and how the market reacted
The pause was annoying, but it didn't have much of an effect on the stock market.Experts say that short-term worries about technology probably won't hurt Bank of America's long-term sales.
But if things get too hard, they might not believe you.The most important thing right now is to get the services back up and running and make sure that everyone who was affected gets the right information about their balances.The bank is working to fix the problem and make sure it doesn't happen again.
Bank of America said:
It is doing everything it can to figure out what caused the outage and make sure it doesn't happen again.Big banks need to make sure that digital banking is safe and reliable as it becomes more popular.Customers should check the system for changes and expect it to be back to normal soon.
Private payrolls in the U.S. rose sharply, which showed that the job market was getting better again, even though some big companies were still laying off workers.
The best Wall Street experts say that the chances of a stock market disaster are growing as prices go up and the economy becomes less stable.
The fast food chain's sales were better than Wall Street had thought because their cheap value meals drew in customers who were hesitant to spend a lot of money on food.
03 Comments
Vestibulum euismod, leo eget varius gravida, eros enim interdum urna, non rutrum enim ante quis metus. Duis porta ornare nulla ut bibendum
Sed ac lorem felis. Ut in odio lorem. Quisque magna dui, maximus ut commodo sed, vestibulum ac nibh. Aenean a tortor in sem tempus auctor
Donec in ullamcorper quam. Aenean vel nibh eu magna gravida fermentum. Praesent eget nisi pulvinar, sollicitudin eros vitae, tristique odio.