RBS Notifies British Regulators Over Consumer Payments Failure
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Royal Bank of Scotland Group Plc has notified the U.K.’s markets watchdog about its latest payments glitch, seven months after it was fined for a computer failure.
The bank contacted the U.K.’s Financial Conduct Authority after 600,000 credit and direct debit transactions weren’t applied to customers’ accounts, said a spokesman for the watchdog in London. RBS said the error had been fixed and that it would update payments for affected customers by Saturday.