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Home > WIRED Business – Spoken Edition > Massive Visa Outage Shows the Fragility of Global Payments
Podcast: WIRED Business – Spoken Edition
Episode:

Massive Visa Outage Shows the Fragility of Global Payments

Category: Business
Duration: 00:04:01
Publish Date: 2018-06-05 06:10:26
Description: 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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