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Post by barberbookie on Mar 9, 2017 18:45:54 GMT
Or, simply pay the bank the small coin they want for batched data and update them in near real-time, next to no ongoing cost. I was under the impression that it's quite a substantial cost... It probably is but they are in a business dealing with millions of pounds. They should pay it.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Mar 9, 2017 18:48:16 GMT
I'd love to run a book on how many SS emails go out tomorrow containing the words "negative balance". Guesses anyone?
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MarkT
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Post by MarkT on Mar 9, 2017 18:52:46 GMT
I'd love to run a book on how many SS emails go out tomorrow containing the words "negative balance". Guesses anyone? How will we ever know the answer?
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upland
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Post by upland on Mar 9, 2017 18:55:47 GMT
I'd love to run a book on how many SS emails go out tomorrow containing the words "negative balance". Guesses anyone? Mines already gone out. I have no cash with SS as I have been dumped into DFL005 tranch 7 that I never knew about. Very annoying.
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SteveT
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Post by SteveT on Mar 9, 2017 19:26:22 GMT
Quite surreal to see a lengthy list of decent 11%/12% >60 day loans (that lenders would normally be climbing over each other to buy) entirely marooned, simply because no-one can get their cash deposited to buy them. savingstream / Paul64 , for years you've opined that the primary function and focus of your SM is to provide a dynamic marketplace where lenders can quickly liquidate their holdings, despite its limitations for buyers. Well, it's certainly not that today. I've no gripe with your removing INPL for SM purchases (it's not as if you had much choice) but surely you could have foreseen the need to transform your deposit processing in parallel? Even if you didn't, there were plenty of people on here pointing it out within minutes of your announcement. Presumably we'll now see a FFF frenzy as soon as deposits are credited tomorrow morning, as the more attractive loans are bagged by those sat waiting at their PC...
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Mar 9, 2017 19:43:34 GMT
The SM is going to be gridlocked if SS don't speed up deposits. No one's going to leave their account in surplus all the time just in case something comes up for sale. Is there any reason why can't it be an automated system ? Cost, issues with the banks security protocols (which was what scuppered it IRC)
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fasty
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Post by fasty on Mar 9, 2017 20:03:00 GMT
The SM is going to be gridlocked if SS don't speed up deposits. No one's going to leave their account in surplus all the time just in case something comes up for sale. Is there any reason why can't it be an automated system ? Cost, issues with the banks security protocols (which was what scuppered it IRC) How do FC manage it, then? Deposit by debit card there seems to be instant.
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jonah
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Post by jonah on Mar 9, 2017 20:18:03 GMT
Cost, issues with the banks security protocols (which was what scuppered it IRC) How do FC manage it, then? Deposit by debit card there seems to be instant. Very different systems between card deposits which tell you they have been made and faster payment transfers which don't. Soonish, banks will have APIs for things like this, but it currently costs money and development time. See comments on AC board for their system in late 2015.
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Post by geraldine1210 on Mar 9, 2017 20:41:34 GMT
I'd love to run a book on how many SS emails go out tomorrow containing the words "negative balance". Guesses anyone? Mines already gone out. I have no cash with SS as I have been dumped into DFL005 tranch 7 that I never knew about. Very annoying. Best not to leave pipeline set on automatic.
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adrianc
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Post by adrianc on Mar 9, 2017 21:47:37 GMT
savingstream / Paul64 , for years you've opined that the primary function and focus of your SM is to provide a dynamic marketplace where lenders can quickly liquidate their holdings, despite its limitations for buyers. Well, it's certainly not that today. I've no gripe with your removing INPL for SM purchases (it's not as if you had much choice) but surely you could have foreseen the need to transform your deposit processing in parallel? Even if you didn't, there were plenty of people on here pointing it out within minutes of your announcement. Presumably we'll now see a FFF frenzy as soon as deposits are credited tomorrow morning, as the more attractive loans are bagged by those sat waiting at their PC... You're right, in that it was utterly foreseeable... in which case, it could have been wise to keep some spare cash on account at SS to wait for precisely this moment...? We've all got lazy, and used to having £0.00 balances - or lower... Anything +ve has been a worrisome sign that the SM is devoid of any parts worth snaffling. Perhaps it's our attitudes to that which need to change?
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GeorgeT
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Post by GeorgeT on Mar 9, 2017 22:33:25 GMT
Where is Cooling Dude today?
Lots has been happening in SS land today but I haven't seen any comments from the main man about it all.
I hope SS haven't kidnapped him to keep him silent.
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mickj
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Post by mickj on Mar 9, 2017 22:59:18 GMT
Wowsers £3,703,805 on the SM with £150,867 available in default loans. Lots of nice loans if you could invest in them. Tomorrow could be interesting.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Mar 9, 2017 23:04:29 GMT
Where is Cooling Dude today? Lots has been happening in SS land today but I haven't seen any comments from the main man about it all. I hope SS haven't kidnapped him to keep him silent. Just like Liberace, ("Who he?" you may ask), that Bank that The Dude's been laughing all the way to, well, he's busy buying it.
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fasty
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Post by fasty on Mar 9, 2017 23:22:18 GMT
Will it go into numeric overflow and burst at midnight ?
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Liz
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Post by Liz on Mar 10, 2017 0:02:44 GMT
Wowsers £3,703,805 on the SM with £150,867 available in default loans. Lots of nice loans if you could invest in them. Tomorrow could be interesting. Saving SS about £1,200 per day in interest payments. I'm sure they once said they were sticking this in the PF, I doubt it. We don't half kick SS on this forum! They pay us 12% and get a kicking in return
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