Finance news - Financial industry, Investing & Commerse

Commonwealth bank confirms delays in payment processing and transfers

A COMMONWEALTH Bank tech glitch has resulted in payments not going into customer’s bank accounts.

The bank confirmed there had been a problem on Wednesday morning in a Tweet, saying they were working to rectify delays in processing of some payments and transfers.

The matter was resolved by around 4pm AEST with the bank saying all outstanding payments had now been processed.

Customers should start to see this reflected in their accounts, the bank tweeted.

Earlier, a Commonwealth Bank spokesman told News Corp the bank had started to process payments and transfers for customers affected by the delay and would continue to process outstanding payments as a matter of priority.

Update to customers: we have started to process payments and transfers for customers affected by the delay in payments.

Commonwealth Bank apologises to all our customers and reassured we are working to resolve this as quickly as we can, the spokesman said.

Customers who didnt receive payments vented their frustration over Twitter, asking the bank to resolve the issue immediately.

#commonwealthbank you #seriously #disappoint and #disrupt. Get your act together immediately & fix your incoming payments into our acc!

Commonwealth Bank where's my money!!!

Its believed the glitch also affected Centrelink customers, who say they havent received regular payments into their accounts.

@bethrajohnston Please check with your bank first - we know Commonwealth Bank is experiencing delays. Let us know how you go.

Kiwis dont know how to have a gaytime

IT’S hard to have a Gaytime in New Zealand.

Or at least, a Gaytime as we know it. Believe it or not, the iconic ice cream has a very different name across the pond: the Cookie Crumble.

This disturbing fact was highlighted by Reddit user livelyraisins, who posted a picture of the boringly vanilla-and-toffee ice cream yesterday.

Just another reason why New Zealand is the worst state, wrote Actionman158. RandomUser1076 said the scandal called for a Royal Commission. We need to pull these Streets people into line, they wrote.

This isnt the first time Aussies have discovered the disappointing reality of Gaytime in New Zealand. A similar post on Reddit in 2014 attracted more than 200 replies.

In a statement, a spokesman for Unilever told The ice cream product that we know as Gaytime has always been called Cookie Crumble in New Zealand.

Its not uncommon for ice cream brands (as well as other consumable brands) to have different names in other countries.

So whats the reason for the bizarre name change? It turns out, Kiwis dont need Australians to show them how to dip a chocolate stick in honeycomb biscuits.

Gaytime Supercones, an ice cream brand manufactured by New Zealand dairy company Goodman Fielder, lays claim to the Gaytime mantle in the land of the long white ice cream.

The first Golden Gaytime by Streets was released in Australia in 1959. According to the New Zealand Ice Cream Manufacturing Association, the rival Gaytime Goldmine launched in 1964.

It was later taken over by Tip Top but the brand was retained for some time, and survives today as Gaytime Supercones. Ironically enough, Streets recently launched its own Gaytime cone, the Gaynetto.

For lovers of Gaytime, thats just how the Cookie Crumbles.