Visa payment system giant confirmed on Friday it had problems with processing transactions in Europe. Millions have been left without ability to pay for goods and services across Europe, experiencing problems with transactions after the payment system crashed.
People started experiencing trouble with using their debit and credit cards past noon in Europe, according to local media. Major retailers and gas stations reported the transaction failures which caused building up queues.
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Visa has issued a statement, apologizing for the meltdown, saying that "the issue was the result of a hardware failure". "We have no reason to believe this was associated with any unauthorised access or malicious event," the statement on Visa's website says.