Power One Can Bank On

It may be safe to say that money is one of the most important instruments in the world today. For crucial processes, like those that involve financial transactions, taking energy-related preventive measures is a good idea. Our continuing feature on industries most affected by blackouts. 

Customers of one of the world’s largest banks were denied access to their accounts from noon till the early hours of the evening. They were not able to use their debit or credit cards, nor withdraw money from ATM machines or transfer funds on-line. Telephone banking was also said to have been suspended. After a thorough investigation of the issue, it was discovered that the IT-related problems stemmed from a power outage. Customers were reportedly outraged and were fearing for the security of their accounts, particularly since the reported problem lasted for approximately seven hours.

In a separate incident, more than 110,000 customers of a state-based bank in the US had the receipt of their unemployment benefits delayed for a couple of days after a blackout affected the bank’s system. Similar to the previous situation, customers of the bank had troubles accessing their on-line accounts and withdrawing funds from ATM machines. Benefits transmitted by direct deposit were said to have been postponed until the succeeding banking day, when the power was restored.

In today’s world, money is an important instrument in conducting day-to-day activities, be it at the office or at home. Going to the bank, accessing on-line accounts or taking some money via ATM machines are part of almost everybody’s daily routine. Indeed, money has become ubiquitous that a momentary impediment to the access to it may cause inconvenience and anxiety.

To avoid the disastrous consequences of power outages in banks, it may be essential to have back-up and supplemental power sources readily available. Temporary electrical power plants can instantly provide the necessary power in case the permanent power sources fail. The inability of the permanent power plant to supply the needed electricity may be due to several reasons, including unstable electricity infrastructure, scheduled power plant shutdowns, emergency repairs, and natural calamities, among others. Wherever the problem may come from, interim power stations are industry-proven to be capable of bridging the power gap when needed, where needed and as needed.

Hiring the services of temporary power plant providers makes sense on several front. First, generators for hire are modular and packaged, making them easily deployable to and from any place on Earth. They are also flexible and adjustable, allowing them to provide the exact amount of power needed, precluding under- or over-production of electricity that leads to inefficiency or wastage, respectively. Rental gensets are also cost-beneficial, as running them for back-up or supplementary purposes can prevent costly operational troubles in the event of a blackout or load shedding.

It may be safe to say that money is one of the most important instruments in the world today. For crucial processes, like those that involve financial transactions, taking energy-related preventive measures is a good idea. Having temporary power plants on board can ensure that transactions continue and banking services are maintained, keeping customers happy, contented and secured.

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PRESS INQUIRIES
Robert Bagatsing
Altaaqa Global
Tel: +971 56 1749505
rbagatsing@altaaqaglobal.com