Barclays may have to pay $16 billion to customers for app outages

Barclays may pay up to £12.5 million in compensation due to technology outages over the past two years affecting customers. The Treasury Committee’s inquiry reveals that these recent disruptions included a significant outage in January, with issues stemming from software problems in the bank’s mainframe system.

​Barclays may pay up to £12.5 million in compensation due to technology outages over the past two years affecting customers. The Treasury Committee’s inquiry reveals that these recent disruptions included a significant outage in January, with issues stemming from software problems in the bank’s mainframe system.