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TD Bank Systems Now Seem To Be Working

May Be Some Time Before Full Reputational Damage is Known

1 min read
TD Bank Systems Now Seem To Be Working

TD Bankannounced yesterday that its IT banking systems were now working properly, and all customer accounts were now  (finally) up-to-date.

TD Bank, after proclaiming victory several times prematurely last week, did qualify its announcement by stating that it was "cautiously optimistic" that everything was okay, but there were no guarantees.

Nothing like being positive.

The week-plus long problems have given the bank's rivals an opening to convince disgruntled customers to change banks. One rival bank, under the slogan, "It pays to switch," offered TD Bank customers $100 to open up a checking account. Another rival sent out promotional material saying, "Unlike other banks, you won't have a problem accessing your own money," at ours.

Ouch.

TD Bank, which calls itself "America's most convenient bank," will need to work hard to keep its customers from remembering their most inconvenient experiences over the past two weeks, and moving on to another bank.

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Why Functional Programming Should Be the Future of Software Development

It’s hard to learn, but your code will produce fewer nasty surprises

11 min read
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A plate of spaghetti made from code
Shira Inbar
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You’d expectthe longest and most costly phase in the lifecycle of a software product to be the initial development of the system, when all those great features are first imagined and then created. In fact, the hardest part comes later, during the maintenance phase. That’s when programmers pay the price for the shortcuts they took during development.

So why did they take shortcuts? Maybe they didn’t realize that they were cutting any corners. Only when their code was deployed and exercised by a lot of users did its hidden flaws come to light. And maybe the developers were rushed. Time-to-market pressures would almost guarantee that their software will contain more bugs than it would otherwise.

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