Visa outage: payment chaos after card network crashes – live updates

Company says it is investigating as transactions fail across UK and Europe

Peter Hahn, the professor of banking at the London Institute of Banking and Finance, said consumers should be prepared for the possibility of “cyber risks” at all times by having backup payment options.

He told Sky News:

In today’s world, with cyber risks, everyone really needs to always be carrying two means to make a payment.

That almost means you should have two bank accounts. Cyber risks can happen really anywhere. Visa – we tend to think of it as a bank, but for most of us what it means is that it’s a communications network.

There have been no further updates from Visa since an initial statement sent more than two hours ago. Here is what we know so far.

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