Tell HN: Wells Fargo completely offline • Hacker News Board

Re: Tell HN: Wells Fargo completely offline

#111

Post by dawnerd » Thu, Feb 07, 2019, 11:12 PM UTC

driverdan wrote: post #97

nodesocket wrote: post #34

I thought at one time Stripe used Wells Fargo as their bank. Any reported problems from Stripe?

I signed up for Stripe in 2011 or 2012. About six months after I signed up an account rep from Wells Fargo called me asking about my merchant account. Stripe never made it quite clear what was going on but apparently in the early days they opened accounts at Wells Fargo on your behalf without telling you.

Wasn’t Wells Fargo caught for making accounts for people without permission just to boost their numbers?

Re: Tell HN: Wells Fargo completely offline

#112

Post by otakucode » Thu, Feb 07, 2019, 11:12 PM UTC

mabbo wrote: post #12

nemothekid wrote: post #7

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

Incredible. They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can't afford even a tiny bit of redundancy? If I were a customer, I'd use this as a sign that this company is not technically competent enough to manage my money.

Everyone assumes that the banking industry and the financial industry in general somehow have a magic touch when it comes to technology. All those digital balance sheets, they're pristine. All those networks, they're unpenetrated. All those databases, they're filled with the purest divine truth.

And if anyone ever figures out that isn't the way it is, and that the numbers are not representative of anything of substance? If nations refuse to honor the claimed 'transfers' done through these rickety electronic systems? It would make for an interesting few days.

Re: Tell HN: Wells Fargo completely offline

#113

Post by aboutruby » Thu, Feb 07, 2019, 11:13 PM UTC

dakial1 wrote: post #102

mabbo wrote: post #12

Earlier quoted context omitted.

Incredible. They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can't afford even a tiny bit of redundancy? If I were a customer, I'd use this as a sign that this company is not technically competent enough to manage my money.

Maybe this had something to do with it... https://searchdatacenter.techtarget.com/news/4500243727/Well...

Badly formatted paste of the content of the article: https://8cf91ddf-e6b2-465a-9f10-1f631650f4ed.htmlpasta.com

(Even if you can just put anything in the email form)

Re: Tell HN: Wells Fargo completely offline

#114

Post by propogandist » Thu, Feb 07, 2019, 11:13 PM UTC

howard941 wrote: post #51

sxates wrote: post #21

Earlier quoted context omitted.

Confirmed - was able to log in. Some account info is still there, though my mortgage is unavailable. Maybe they'll just lose it?

Your deposits, sure, your trust, of course. The mortgage loan? Fat chance.

Unless evil corp was using a blockchain to have an immutable ledger, there's a chance (although extremely small)

Re: Tell HN: Wells Fargo completely offline

#115

Post by surge » Thu, Feb 07, 2019, 11:14 PM UTC

mabbo wrote: post #12

nemothekid wrote: post #7

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

Incredible. They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can't afford even a tiny bit of redundancy? If I were a customer, I'd use this as a sign that this company is not technically competent enough to manage my money.

They had redundancy, the redundancy failed.

I mean truthfully when do you get to test your redundancy against a true disaster. It was a mess. WF is 20 companies rolled into one so the fact the disparate systems from 10 different banks works at all is kind of a miracle.

Re: Tell HN: Wells Fargo completely offline

#116

Post by funkymike » Thu, Feb 07, 2019, 11:14 PM UTC

abawany wrote: post #89

edoceo wrote: post #63

Earlier quoted context omitted.

Refi that bad-boy to your local credit union

I moved loans to First Tech Federal Credit Union, which used to (and still probably do) state in the loan contract that they will service the loan for its life. Very happy with them so far.

That's good language to look for. I didn't check closely enough and my mortgage documents stated that the loan issuer (my bank) would service the loan, but without any guarantee of how long. They sold the loan shortly after issuing the mortgage.

Re: Tell HN: Wells Fargo completely offline

#117

Post by aphextron » Thu, Feb 07, 2019, 11:15 PM UTC

miscreanity wrote: post #15

One data center brings the whole bank down? Right... This is suspiciously quickly after military exercises in LA right next to a Wells Fargo. It looked like something was being carried out of the building. https://www.rt.com/usa/450746-helicopters-blasts-los-angeles...

RT link? Check.

Completely unfounded conspiracy theories? Check.

/r/the_donald is that way buddy ->

Re: Tell HN: Wells Fargo completely offline

#118

Post by gdulli » Thu, Feb 07, 2019, 11:15 PM UTC

mabbo wrote: post #12

nemothekid wrote: post #7

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

Incredible. They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can't afford even a tiny bit of redundancy? If I were a customer, I'd use this as a sign that this company is not technically competent enough to manage my money.

> If I were a customer

Are you sure you're not one?

Re: Tell HN: Wells Fargo completely offline

#119

Post by dekhn » Thu, Feb 07, 2019, 11:17 PM UTC

mabbo wrote: post #12

nemothekid wrote: post #7

Apparently there was a fire in a Datacenter - theres a thread on /r/sysadmin by an insider. https://np.reddit.com/r/sysadmin/comments/ao4g2y/wells_fargo...

Incredible. They had all their mission-critical infrastructure in a single data center. How many billions of dollars do they make per year? And they can't afford even a tiny bit of redundancy? If I were a customer, I'd use this as a sign that this company is not technically competent enough to manage my money.

you jumped immediately to an unfounded speculation which is known to be wrong (WF maintains multiple data centers).

Also, failover is hard. Few companies outside of a few larger Internetz companies can really do it well.

Re: Tell HN: Wells Fargo completely offline

#120

Post by patio11 » Thu, Feb 07, 2019, 11:20 PM UTC

driverdan wrote: post #97

nodesocket wrote: post #34

I thought at one time Stripe used Wells Fargo as their bank. Any reported problems from Stripe?

I signed up for Stripe in 2011 or 2012. About six months after I signed up an account rep from Wells Fargo called me asking about my merchant account. Stripe never made it quite clear what was going on but apparently in the early days they opened accounts at Wells Fargo on your behalf without telling you.

I also signed up for Stripe in 2011. The Terms of Service mentioned Wells, beginning in the first paragraph. You might want to look in your files and/or the Wayback Machine. https://web.archive.org/web/20111017081436/https://stripe.co...