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February 6, 2016 / 27 Shevat, 5776
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Credit Card Glitch Shuts Down Consumer Purchases for Two Hours

Israelis stand in line at the cashier at the Rami Levy grocery store in Tel Aviv. Malfunction downed credit card transactions all across Israel on Thursday..

Israelis stand in line at the cashier at the Rami Levy grocery store in Tel Aviv. Malfunction downed credit card transactions all across Israel on Thursday..
Photo Credit: Roni Schutzer/FLASH90

A software malfunction brought Israeli businesses and consumers to their knees Thursday morning, leaving motorists unable to fill their tanks and grocery shoppers with unpaid grocery baskets full of food.

Anyone without cash was stuck.

Concerns that credit card security has been breached by a cyber attack were alleviated when the clearinghouse of credit card transactions discovered that a software update had blocked communications.

The blip also showed the shekel-dollar exchange rate as “zero.”

One business newspaper estimated that the breakdown cost companies nearly $2 million an hour.

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2 Responses to “Credit Card Glitch Shuts Down Consumer Purchases for Two Hours”

  1. Sherry Perry says:

    WOW. HOPE EVERYTHING IS OK. AND YOU CAN STOP IT FROM HAPPENING AGAIN. LETS ALL GO BACK TO THE ORIGINAL WAY. SO THIS CAN NOT HAPPEN. IT DOES GET EXSPENSIVE WITH THE FUTURE WAY TO DO THINGS. NOTHING WRONG WITH THE ORIGINAL AND PEOPLES HAD TO USE THEIR BRAINS MORE.

  2. Allen Miller says:

    So much for modernization.

Comments are closed.

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