Paysystems closes all IBA processing accounts Published: Aug 11, 2004
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Netcraft, a research and analysis company, issued a report stating that hurricane Ivans recent movement up the East Coast of the United States caused considerable damage to at least one data center facility, disrupted Internet connectivity throughout the

Netcraft (www.netcraft.com), a research and analysis company, issued a report stating that hurricane Ivan’s recent movement up the East Coast of the United States caused considerable damage to at least one data center facility, disrupted Internet connectivity throughout the Caribbean and adversely affected the operations of some US government systems. On September 17, 2004, a tornado caused by Ivan tore the roof from a data center in Ashburn, Virginia, which hosted infrastructure for the online game World of Warcraft, which currently undergoes beta testing. According to the report water leaked onto servers, causing a system shutdown that lasted at least until September 20, 2004. Recently, World of Warcraft made public its intentions to host its infrastructure in a close AT&T data center.

The National Finance Center, which processes fund transfers, loans and withdrawals, was evacuated from its New Orleans facility ahead of the hurricane’s arrival, which made the US government’s 401(k) retirement savings system suspend some of its operations. Ivan is the fifth hurricane that hit the US this summer.

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Comments (3)

  • Gravatar - motty
    motty 17:40, September 22, 2004
    What one can learn from this experience.<br />
    <br />
    The reason paysystem was shut down is because Duetche bank with whom they were processing pulled the rug from beneath them.<br />
    <br />
    They only had one bank on their back end.<br />
    <br />
    This episode shouldnt condemn all the other 3rd party accounts, however if you are thinking of signing up with another 3rd party, make sure they have more than one bank to process with.<br />
    <br />
    There are a few out there, though not many.<br />
  • Gravatar - Unknown
    Unknown 20:13, April 22, 2005
    If you are a victim of Paysystems, you can contact a lawyer either in the US or Canada and they can help you get back your funds, this is unacceptible what they are doing and they can and must give all monies back to the rightful person.
  • Gravatar - Steve Bigalow
    Steve Bigalow 19:06, April 4, 2006
    Where do we find lgal counsel for this matter?<br />

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