Industry Verticals · FinTech & BankingstructuralFintechBilling

Card issuers process duplicate autopay charges when manual payments arrive near the cutoff

A cardholder made a manual payment that the issuers own app showed would zero out the upcoming autopay, but the issuer still processed the full autopay amount as well, withdrawing more than double the amount owed and overdrawing the customers checking account by nearly $20,000. Resolving which payment counts as the on-time payment and reversing the duplicate required over 9 hours of the customers effort.

10mentions
1sources
4.9

Signal

Visibility

5

Leverage

Impact

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