UK challenger banks Monzo We reported an issue today that caused some card payments and bank transfers to be halted.
Taking to social media platforms, Monzo described the outage as a “technical issue” and said it had moved to backup systems to resume operations. X today.
Monzo can process 99.9% of payments through its backup system, a source said. Bank Automation NewsThe backup system allows customers to resume making payments as normal.
Hi Asa 👋 We’re sorry, the issue has been resolved and you can use the app as normal. We experienced a technical issue early this morning and have now migrated to a backup system. This means that you can make bank transfers, card payments and ATM withdrawals as normal. Thank you.
— Monzo 🏦 (@monzo) August 13, 2024
More than 2,000 customers reported an outage at Monzo within two hours today. Website Down DetectorDowndetector publishes real-time updates on outages. Some of the issues reported on Downdetector include:
- Inability to transfer funds
- Problems paying bills.
The outage came on the heels of a historic outage on July 19th that was caused by a system update by a cybersecurity company. Crowdstrike It impacts industries around the world, including financial institutions such as: Bank of America, J.P. Morgan, TD Bank, visa and Wells Fargo.
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