More than 20 million German bank cards were affected by a software malfunction similar to the millennium or “Y2K” bug simply because the said cards can not process the number 2010, an industry group reported on Tuesday.
The DSGV group, representing major private and public sector banks, revealed that more than 20 million debit cards and 3.5 million credit cards issued by the German banks have suffered similar problems.
The industry group also revealed that they have to adjust the programming inside ATMs and other cash machines hours after the problem started just so customers could withdraw money.
However, the group said that they are still fixing some debit card terminals, adding that the system will be fully restored by Monday.
The DSGV also advised the card owners to refrain from using their credit cards until the problem is fixed, saying that they should use their debit cards instead.
Meanwhile, the BVR cooperative banks group said that some four million debit card or 15 percent of the users were affected by the faulty software. But they said there were no problems when it comes in withdrawing cash from the machines.
They also said that their credit cards were not affected by the software defect.
Meanwhile, some 2.5 million private bank cards were affected by the fluctuation.
Related posts:
- Online Payment Service PayPal May Soon Overtake Parent Company eBay Despite increasing problems with the sales in its online marketplace,...
- Credit Card Data Hacker Gets 20 years behind Bars A United States District Court sentenced a 28-year-old computer hacker...
- Japanese Gov’t Probes Bogus Apple iTune Credit Bills The Japanese government on Monday announced that it will summon...