#Breaking News: Australia's 4th largest bank #NAB unleashes new cashless society experiment,customers unimpressed, appears ppl prefer money
NAB glitch sparks concern over payment systems
A crippling computer glitch at NAB has raised questions about the vulnerability of the payment systems used by Australian banks.
The bank's customers have been affected by technical problems, which have locked them out of their bank accounts.
Wages and Centrelink benefits had been delayed, settlements and property deals frozen and ATM and eftpos transactions shut off.
Last night the NAB issued a statement saying it had begun to clear the huge backlog of outstanding transactions from Wednesday and Thursday.
The bank is also opening up extra branches today.
