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Bank apologizes to Colo Colo over contribution payment issue
๐Ÿ‡จ๐Ÿ‡ฑ Chile /Economy & Trade

Bank apologizes to Colo Colo over contribution payment issue

From Cooperativa · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources In the courts
  • Scotiabank has apologized to Colo Colo's management company, Blanco y Negro, for a technological issue.
  • The incident prevented the timely payment of social security contributions on July 7.
  • The bank explained the technical glitch and its consequences, and the matter will be presented to the ANFP's Patrimonial Tribunal.

Scotiabank has issued an apology to Blanco y Negro, the company overseeing the Chilean football club Colo Colo, following a technological incident that disrupted the payment of essential contributions. The bank acknowledged that an internal technical issue on July 7 temporarily affected the processing of certain transactions.

During that date, an internal technological incident occurred that temporarily affected the processing of some transactions.

โ€” ScotiabankScotiabank's explanation of the technical issue that prevented timely payment.

According to a letter obtained by Cooperativa Deportes, the bank stated that the system displayed a 'Bank Rejection' message when the payment was attempted. This error prevented the transaction from being completed correctly and led to the payment not being recognized as pending, resulting in its execution at a later time.

As a consequence of the above, at the time of attempting to make the payment, the system displayed the message 'Bank Rejection', preventing its correct execution.

โ€” ScotiabankScotiabank detailing the specific error message encountered during the payment attempt.

The bank understands that this situation may have caused confusion regarding the status of the operation. The documentation will be submitted to the ANFP's Patrimonial Tribunal, which holds the authority to impose sporting sanctions on teams that fail to meet their obligations.

We understand that this situation may have generated confusion regarding the status of the operation, which led to the payment not being noticed as pending and consequently being executed later.

โ€” ScotiabankScotiabank acknowledging the confusion caused by the payment delay.
DistantNews Editorial

Originally published by Cooperativa in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.