outages

Cash Is Dead, Long Live Cash: The Problems With Australia’s Digital Ecosystem

Reserve Bank governor Phillip Lowe has warned banks and telco giants there may be a need for tighter regulation to ensure the reliability of Australia’s digital payments ecosystem if key players can’t do a better job preventing outages.

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RBA Prepares to Punish Bank Outages, System Upgrade Delays

The Governor of the Reserve Bank of Australia (RBA), Philip Lowe, has issued the strongest warning yet that if Australia’s big banks and credit card schemes don’t address ongoing technology outages and upgrade lethargy, the central bank will intervene through regulation.

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Payments Outages Suggest Retail Value Chain Must Be Reassessed

Thousands of UK businesses were unable to process payments because of a network outage at the beginning of the week, with reports suggesting Worldpay encountered a temporary fault.

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Card Chaos at Tills as Entire Network Crashes Across UK

There was chaos at shops, pubs and restaurants across the UK last night after thousands of businesses were left unable to process card payments due to a network meltdown. Customers of Tesco, Asda, Boots, Sky Bet and Vue Cinemas were affected, reporting that their credit and debit cards had been declined or could not be […]

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Banks Face Continued IT Woes as Legacy Infrastructure Holds Them Down

It was 5am on an otherwise ordinary Friday morning when the first signs of trouble emerged.As Natwest and Royal Bank of Scotland customers began waking, early reports appeared about serious issues with their online banking systems.The problems meant thousands were locked out of their accounts and unable to make crucial transactions.

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TSB and HSBC Latest to Be Hit by Digital Banking Meltdown

The creaking IT infrastructure of the UK’s major banks is in the spotlight once again as TSB’s online banking services and HSBC’s mobile apps crumble in the latest of a string of glitches across the sector.

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