A woman become an instant billionaire after BPI experienced data processing system glitch that reflects unauthorized transactions to its clients.
In a report of Inquirer, Jocelyn Reyes (not her real name) found P12.4 billion in her balance upon checking her BPI account in Makati City on Wednesday.
Shocked and confused, Reyes said she won’t touch the money.
On Wednesday, BPI experienced data processing glitch that affects its customers. Transactions occurring between April 27 and May 2 was double-posted.
BPI President and CEO Cezar Consing explains that they run a batch process that picked up the wrong file.
“We had a system glitch last night. We run a batch process that picked up the wrong file. It picks up the file for transactions dated between April 27 and May 2,” Consing said.
“What happened is, if you are a client and you transacted between April 27 and May 2, you may found your transactions recorded twice. If it is a debit, it would have been debited twice. If ti’s a credit, it would have been credited twice,” he explained.
“This is not a hack at all, this was an internal issue,” he clarifies.
BPI has corrected majority of issue with but still rectifying balances of accounts with mis-posted transactions.