Business Operations · Payments & BillingsituationalBillingFintechB2C

Card payments misroute after issuer switches, causing double billing

When a credit card's servicing bank changes, bill-pay setups tied to the old payee routing can send payments to the wrong bank, triggering false late-payment notices. Customers report having to pay the bill a second time to avoid delinquency while the two banks fail to reconcile the misrouted payment.

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4.2

Signal

Visibility

4

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Impact

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