Visa outage blocks transactions across Europe

02 June, 2018, 00:39 | Author: Sheri Evans

Marks & Spencer said: "We are unable to accept Visa card payments now".

Reports suggest Tesco and Sainsbury's and multiple other retailers are affected as well as Asda.

The card company confirmed the problem, saying that it is working hard to solve it.

Asda is advising customers to bring cash if possible if planning a trip to the store tonight.

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The company said it was investigating the cause of the disruption in a statement.

A Bank of England spokesman has said they are "aware of the issue" and that they are "engaging" with Visa in order to "resolve the situation".

Messages telling customers of the "disruption to service" have been sent out.

The bank HSBC said the "industry-wide issue" was affecting Visa payments, though ATM machines were still working.

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"There is now a disruption of service in taking payments from VISA".

Payment systems giant Visa said it was experiencing problems processing transactions in Europe on Friday and was trying to fix the issue.

The market for global payment cards is dominated by China's UnionPay, Visa, and Mastercard, according to research and consulting firm RBR (pdf).

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