iLAB - Software Testing, Project Management, Quality and IT Governance

EPI-USE

iLAB is affiliated to the world-wide EPI-USE organisation operating in South Africa, the United Kingdom, Europe and North America.

EPI-USE is one of the world's premier providers of information technology solutions with a global presence and best of breed competencies to meet the IT challenges of leading corporations throughout the world.

Software Failure

Stock trading

The computer system of a major online U.S. stock trading service failed during trading hours several times over a period of days in February of 1999 according to nationwide news reports. The problem was reportedly due to bugs in a software upgrade intended to speed online trade confirmations

Banking Error

Software bugs caused the bank accounts of 823 customers of a major U.S. bank to be credited with $924,844,208.32 each in May of 1996, according to newspaper reports. The American Bankers Association claimed it was the largest such error in banking history. A bank spokesman said the programming errors were corrected and all funds were recovered