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How Wal-mart Made at Least A Quick Million!

Discussion in 'Random Discussion' started by angelize56, Apr 5, 2004.

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  1. angelize56

    angelize56 Always remembered in our hearts Thread Starter

    Joined:
    Apr 17, 2002
    Messages:
    82,163
    :D Easy come, easy go!!! :) Better check your statements if you made one that day at Walmart! :) Take care. angel

    800,000 cards overcharged at Wal-Marts
    Monday, April 5, 2004 Posted: 11:15 AM EDT (1515 GMT)

    DENVER, Colorado (AP) -- A computer hardware glitch at First Data Corporation resulted in more than 800,000 Mastercard and Visa transactions being double- or triple-billed last week at Wal-Mart stores around the nation.

    First Data spokeswoman Staci Busby said Sunday the excess charges, which occurred on March 31 and were posted April 1, had been reversed. "First Data corrected the problem as soon as we discovered it," Busby said.

    Busby said the problem showed up on reports the company regularly generates for quality control purposes. She was unable to say how many customers were affected, but did say Wal-Mart was the only retailer involved.

    "Anyone who conducted a transaction with a Visa or Mastercard on March 31 should check their statements," Busby said.

    Wal-Mart spokeswoman Danetta Thompson said Sunday the retailer had posted signs about the problem and was working to inform its customers. "As far as the corrections are concerned, it was First Data's system that had the problem," Thompson said. "I feel like they've got their arms around the problem. Those charges have been reversed."

    Thompson said Wal-Mart cashiers have been told about the mix up and that signs in the stores point customers to First Data's toll-free number -- 888-893-0626.

    Busby said that in addition to the toll-free hot line, First Data was making outbound calls to affected customers. She said that some people may not see the reversed charges on their accounts until Tuesday.

    "Consumers need to regularly monitor their payment records, their bank accounts and bank statements to ensure there aren't any discrepancies," Busby said.

    She said First Data had instituted additional quality control measures as a result of the overbilling.

    "We doubled and tripled our quality assurance measures," Busby said.

    First Data Corporation is an electronic payments processor based in Greenwood Village, Colorado. The company owns Western Union Financial Services, Inc. Wal-Mart Stores Inc., is the world's largest retailer, based in Bentonville, Arkansas.
     
  2. izme

    izme

    Joined:
    Mar 4, 2004
    Messages:
    33,764
    The Super Giant Wally World ehhhhhhhh

    this could fill up a hundred post's

    "hi, you are employee number 1.004.989.424.861, please advance to the uniform counter" :eek: :D


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  3. rmay635703

    rmay635703

    Joined:
    Nov 7, 2002
    Messages:
    1,278
    There is a place down here called
    All-Mart I'm glad I shop there instead of at the wall place. :)
     
  4. hotskates

    hotskates

    Joined:
    Jan 10, 2002
    Messages:
    6,375
    That happened on April Fools day - veryyyy interesting:D
     
  5. dannyboyfx

    dannyboyfx

    Joined:
    Nov 19, 2003
    Messages:
    1,074
    umm... i think there is some hacker laughing his rear end off.
     
  6. ComputerFix

    ComputerFix

    Joined:
    May 26, 2002
    Messages:
    3,953
    Wonder how much ol Wal-Mart made in interest, given the immediate fund transfer, yet delayed return....hmmmmmm

    800,000 transactions...24 hrs of interest (posted 3/31 returned 4/1)...what do you suppose the average trans amount is....

    Even mistakes can make you money! :D
     
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