An anonymous reader writes:Tesco Bank has halted online payments for current account customers after money was taken from 20,000 accounts. The bank’s chief executive Benny Higgins told the BBC he was “very hopeful” customers would be refunded within 24 hours. About 40,000 accounts saw suspicious transactions over the weekend, of which half had money taken, he said. Customers will still be able to use their cards for cash withdrawals, chip and pin payments, and bill payments. The bank is blocking customers from making online payments using their debit card, although transfers between accounts and to other people are still allowed, a spokesperson said. Earlier, the bank confirmed some accounts “have been subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.”

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Source: Slashdot – British Retail Tesco Bank: 20,000 Customers Lose Money