Visa systems operating at 'close to' normal levels after severe disruption
Jun 02, 2018, 00:43
The outage has even affected customers trying to pay with other card companies, as Visa provides the payment infrastructure for many popular shops.
More than 95 per cent of the UK's debit cards rely on Visa's network in order to work, with one £1 out of every £3 in the United Kingdom spent using a Visa card.
A Sainsbury's spokesperson commented: "We are aware that Visa are now experiencing problems".
Credit card company Visa is experiencing a service disruption across Europe which is preventing transactions being processed.
The issues reportedly arose after the Visa card network experienced severe disruptions today. "It is affecting all payment providers across the United Kingdom and Ireland", the company said in a statement.
Our goal is to ensure all Visa cards work reliably 24 hours a day, 365 days a year.
The problem affected large sections of the United Kingdom and Europe.
"This is an industry wide issue which is being investigated as a matter of urgency and we apologise for any inconvenience". Card users began reporting difficulty in using the cards Friday afternoon.
The company said total revenue for the first quarter was $2.9 billion, down from $4.2 billion in the same quarter a year ago. While most of that decline was due to previous store closings, sales fell 12% at the stores that remained open.
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