Visa recovering from service disruption affecting payments across Europe

Credit-card networks talk of hopes for a cash-free society, but a Visa Inc. outage in Europe Friday showed that vision wasn’t quite ready for prime time.

Visa V, +0.10% experienced a service disruption in parts of Europe on Friday as merchants and consumers tweeted about an inability to use or accept Visa-branded cards, with some businesses posting signs that advised customers to either use cash or cards offered by Mastercard Inc. MA, +2.76% or American Express Co. AXP, -0.05%

Visa later released a statement, saying that cardholders could now use their debit and credit cards as service had returned to “close-to-normal levels.

>>> Original Source <<<