ACI Worldwide Agrees to Pay $10 Million Over Inadvertent Mortgage Payment Withdrawals

  • 📰 WSJ
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

A 2021 computer testing error allegedly resulted in ACI’s payment-processing platform mistakenly withdrawing more than $2 billion from the accounts of mortgage holders

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/articles/aci-worldwide-agrees-to-pay-10-million-over-inadvertent-mortgage-payment-withdrawals-1188394f‘Companies must be more diligent when handling consumers’ data and payment information to not cause worry and panic among consumers,’ said New York Attorney General Letitia James.Payment processor ACI Worldwide has agreed to pay $10 million to settle allegations a 2021 computer testing error resulted in itsCopyright ©2023 Dow Jones & Company, Inc.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in LOANS

Loans Loans Latest News, Loans Loans Headlines