Anonymous Patron writes “Ohio Library money lands in bootmaker’s account: Medina County officials found out the hard way that the District Library and a maker of cowboy boots have very similar account numbers at a bank that handles county money.
When the county tried to transfer nearly half a million dollars in tax money to the library in April, the money wound up in the account of the boot company, which has since filed for bankruptcy.”
Okay…
It is given that I am a tech junkie, and I will not begin to deny the charge, but banks/investment firms/credit agencies need more federal oversight to prevent these types of mistakes from occuring.
I have been the whipping dog of the system while serving in the military because a credit union could not properly handle crediting direct deposit and I suffered for 3 months until they admitted it “might” be their error. I have seen just how lax firms can be about data from within and without.
These types of errors occur because some MBA with more college debt than actual ability cuts IS/IT staffs to the bone because “It all works, why do we need all these people”
Grumble, grumble, grumble…
Coming to periscope depth again…
I merely note that such an EFT screw-up is not too bad . Before I left home to come here to Virginia state officials had lost on the order $225 million dollars through very odd means. It honestly does seem like something is afoot at home…
Dive, dive, dive…