Visa payment through LBC Digital shows up as payment through National Bank of Canada | LBC Digital | Discussion forum

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Visa payment through LBC Digital shows up as payment through National Bank of Canada
July 9, 2024
4:05 am
Forum Posts: 34
Member Since:
October 27, 2020
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I made a payment to my ScotiaBank Visa Card from my LBC Digital checking account.
However, the payment is listed under account activity for the ScotiaBank Visa Card as having been processed/ paid via "NAT'L BK OF CAN CA".

Anyone have info as to whether LBC Digital is being bought by National Bank of Canada?

July 9, 2024
6:58 am
Forum Posts: 279
Member Since:
April 21, 2022
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I think NBC is the payment processor for the Laurentian Bank credit cards?

July 10, 2024
10:50 am
Forum Posts: 6910
Member Since:
April 6, 2013
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Laurentian Bank shopped itself around last summer and there were no bidders.

Highly unlikely any other financial institution would buy just their LBC Digital online-only division. The LBC Digital online banking system is buggy and unstable.

No payor or payee info on preauthorized debit and direct deposit transactions. Formatting issues with statements, like missing thousands separators in some columns. Looks like the system was put together by computer science interns, without any adult supervision!

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