https://sputnikglobe.com/20180601/visa-payment-system-europe-meltdoun-1065024692.html
Visa Confirms Meltdown Leaving Millions in Europe Unable to Make Payments
Visa Confirms Meltdown Leaving Millions in Europe Unable to Make Payments
Sputnik International
Visa has confirmed their payment system meltdown, which had caused major disruptions in Europe leaving millions of people unable to pay for goods and services. 01.06.2018, Sputnik International
2018-06-01T21:58+0000
2018-06-01T21:58+0000
2022-08-05T13:55+0000
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europe, business, newsfeed, visa inc
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Visa Confirms Meltdown Leaving Millions in Europe Unable to Make Payments
21:58 GMT 01.06.2018 (Updated: 13:55 GMT 05.08.2022) Visa has confirmed their payment system meltdown, which had caused major disruptions in Europe leaving millions of people unable to pay for goods and services.
Visa payment system giant confirmed on Friday it had problems with processing transactions in Europe. Millions have been left without ability to pay for goods and services across Europe, experiencing problems with transactions after the payment system crashed.
24 January 2018, 12:26 GMT
People started experiencing trouble with using their debit and credit cards past noon in Europe, according to local media. Major retailers and gas stations reported the transaction failures which caused building up queues.
READ MORE: Traceable You: Australia to Ban Cash Transactions Over $10,000 Starting 2019
Visa has issued a statement, apologizing for the meltdown, saying that "the issue was the result of a hardware failure". "We have no reason to believe this was associated with any unauthorised access or malicious event," the statement on Visa's website says.
