Visa investigates "service disruption" across Europe

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The issue has thankfully been resolved, and Visa has said it was due to a hardware failure.

The company admitted it has not achieved its goal of having its system operating all of the time and stated the fault as "the result of hardware failure". The Irish Times reported that Irish tourists as far away as the United States were unable to access their money.

"We're investigating the cause and working as quickly as possible to resolve the situation", - have informed in the company. During the same quarter in the prior year, the firm posted $0.86 earnings per share. research analysts expect that Visa will post 4.48 earnings per share for the current year.

Visa Europe confirmed on Twitter it is experiencing a service disruption that's preventing some Visa transactions in Europe.

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Finance experts Payment Sense said at 6.30pm the problem is slowly being fixed and some cards have begun to work again.

We are aware of an industry wide issue affecting Visa payments which is under investigation.

Tom Mitchell, from Kent, said the money left his Natwest account, but his bank told him it was up to Visa to complete the transaction - instead, his money has been left in "limbo".

Staff said the card machines had been out of service for most of the day.

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"We strongly advise people to keep any evidence of extra expenses they've incurred in order to claim them back", she said.

"#Visa crashing just as we went to pay for a weekly shop and its absolute chaos".

According to The Guardian, some supermarkets are dealing with the problem by issuing paper slips to check out customers and many retailers are putting up cash only signs.

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