What do you want the bank to do? A merchant initiates a transaction, then doesn't finalise it, which most often happens when the sale is cancelled or they ran the card in error (e.g. swiped twice). So must the bank now contact every merchant and ask about every transaction? Should they keep that hold indefinitely in case the merchant one day decides to finalise the transaction or requests the hold be cancelled? Certainly if all a merchant's transactions for a day lapse that would be unusual, but it is still really up to the merchant to process their transactions and the client to keep an eye on their spending.
There have definitely been times when I would have liked to have been notified once a hold was released, for example the time some twit merchant put two holds for large amounts on my card, effectively wiping out my credit limit.
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