When the unthinkable happens and the online banking portal we all have come to depend on suddenly goes dark (like it did for Bank of America customers on Friday), the contingency plans are put to the test. When was the last time you looked at yours? I remember spending hours preparing for the Y2K that never happened and testing and retesting policies and procedures to protect the US Treasury from bank blackouts. As our dependency on online banking grows, recognizing and testing the alternatives with your banks is critical to your business. Don’t wait for a natural disaster to have that conversation, even Super Bowls go dark in sunny weather.
Read More : Bank of America hit by website crash in the US
Product Manager, Bank Relationship Management Services
The Montauk Group, LLC.
390 Plandome Road, Suite 209, Manhasset, NY 11030