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Home News Business

Challenger bank Cashplus strike with tech problems as business sealed out of accounts

ukdaily by ukdaily
16.09.2019
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FURIOUS business of challenger bank Cashplus contend they haven’t been means to entrance their money, with during slightest chairman sealed out for a week.

The electronic income issuer reliable it is carrying widespread problems after an refurbish to a confidence services.

 Cashplus business are experiencing problems gaining entrance to their accounts
Cashplus business are experiencing problems gaining entrance to their accountsCredit: Alamy

Cashplus says it’s also experiencing high call volumes in a use standing proclamation on a website.

Cashplus is a provider of prepaid MasterCards and stream accounts for consumers, tiny businesses and internal supervision authorities.

One business owner, who wanted to sojourn anonymous, told The Sun: “I’ve been incompetent to login to my comment regulating a Cashplus app for an whole week now.

“I can’t check if clients have paid invoices or compensate myself my salary.

“How accurately am we ostensible to run my tiny business?”

 Cashplus business have been left furious
Cashplus business have been left furiousCredit: Twitter
Credit: Twitter

Another chairman tweeted: “Money is being paid into my business comment and we can't entrance it to send to my personal comment to live and compensate bills.”

While someone else said: “We now have THOUSANDS of pounds only ‘missing’ with Cashplus.

“It left my clients’ comment (with proof) many operative days ago nonetheless has not entered a business comment or been found.”

A really tiny series of business have also asked a organisation if they are going bust.

When asked by The Sun, Cashplus pronounced a tweets were pristine conjecture and resolutely denied a association is impending collapse.

A orator said: “This is wholly false.

“This appears to be a small-scale amicable media gossip started by someone who does not seem to be a Cashplus customer.”

A orator combined that organisation has been essential for a final 8 years.

He added: “Cashplus is a successful business that’s been handling for 14 years and is trade as normal.

“In Jun we reported record revenues of £45m and a 8 uninterrupted year of handling profit.”

Cashplus reliable a problems are being caused by new changes to how business make payments.

Rolled out final week, a new refurbish impacts patron authentication when they’re perplexing to entrance their accounts.

There are now 1.8 million accounts related with Cashplus and it’s not transparent how many are confronting problems.

But a orator combined that a association hopes to have contacted all remaining business by tomorrow.

He said: “We have gifted some high volumes to a patron services lines over a final week as we’ve rolled out some confidence changes to approve with new regulations.

“A vast infancy of business have done these updates with no emanate though some business wanting assistance have waited longer than common to pronounce with an advisor.

“We’re contemptible about this and we will be proactively removing in hold with business who have had issues.

“We are also wakeful that some business are regulating amicable media to get in hold with us and we’re responding to those people on a case-by-case basis.”

Cashplus told The Sun that customers’ income is hold as safeguarded supports in an comment in line with regulations and can't be used by a business.

Last month, a HSBC and Tesco Bank glitch sealed business out of their apps and phone banking.

TSB business were also sealed out of their accounts in Aug after online and mobile banking went down.

While roughly half a million Monzo business were urged to change their pin after a confidence error.


We compensate for your stories! Do we have a story for The Sun Online Money team? Email us during


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