Macy's reports overcharging customers

The retailer says it overcharged a small number of customers who paid with debit cards on the Saturday before Christmas.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Lara Moscrip, CNNMoney.com contributing writer

At what level will the Dow Jones industrial average, which ended 2008 at 8,776, finish 2009?
  • Above 10,000
  • Above 8,776 but below 10,000
  • At or below 8,776

NEW YORK (CNNMoney.com) -- Some Macy's stores overcharged holiday shoppers who used debit cards to make purchases on one of the busiest shopping days of the year.

A Macy's (M, Fortune 500) spokesman said Friday that customers at some stores in its central and eastern divisions may have had multiple debits made to their checking accounts on Saturday, Dec. 20.

Macy's would not reveal how many customers were overcharged, saying only that the glitch affected "less than one-half of 1% of transactions" that took place between 1 and 2:45 p.m.

According to a written statement from a Macy's spokesman, the retailer has communicated with customers' banks, and the banks are crediting customers' checking accounts. Any overdraft fees triggered by the multiple debits would be credited to customers.

Shoppers who are still having problems with their bank accounts can get help by faxing their statement to Macy's, at (513) 573-2433, with their account number blacked out, to the attention of "Third Party Credit."

A Macy's spokesman said the multiple debits to checking accounts were caused by a "systems issue."

Customers who paid with credit cards were not affected.

The Saturday before Christmas is one of the year's biggest shopping days for retailers, along with the post-Thanksgiving "Black Friday."  To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Sponsors

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.