Massive Visa Outage Shows the Fragility of Global Payments
Massive Visa Outage Shows the Fragility of Global Payments
Business, Spoken · SpokenLayer
June 5, 20184m 6s
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Show Notes
On Friday, Visa's payment network suffered outages across Europe, limiting transactions for both businesses and individuals. Banks and commerce groups began advising customers to use cash or other payment cards if possible, and reports indicated that online and contactless transactions were having more success than chip cards. Though some Visa transactions still went through, the failure appeared widespread.
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