Bank of America has lost Zelle transfers for many customers
I have long been terrified of something shaped a bit like this. Here in the US we already treat most workers like absolute garbage. If one day the Average Joe wakes up and finds that all his money is merely some electronic scribbles in a database which have mysteriously gone missing, the social unrest is probably something that most people on this site couldn't even conceptualize of.Today it's Zelle, but what happens when you and everyone you know wake up and check your bank account and get an error. Suddenly can't buy food? So on. Sure, they keep backups. You hope. Do they test restoration? What would have to go wrong deep in the depths of a financial system creaking along on 1970s technology in order to really throw a wrench in things?