The machine stops

HSBC e-payments system goes titsup (again) | The Register

In a recorded message, HSBC said that its application developers and database teams worked throughout the night with its technology suppliers to fix the problem, so far without success. It said it was unable to say as yet when services would be restored, and extended “profound apologies for the ongoing disruption”.

HSBC’s e-payments system is attractive for retailers because of the relative speed in which the money can be transferred into online bank accounts. Merchants who rely on HSBC are angry about the latest outage.

As usual, people are always worried about what might happen if evildoers targeted something like the credit-card payment infrastructure, but no, the banks are perfectly capable of bollixing it themselves.

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