22 September 2017
visit www.avoka.com

Network gremlins dog SIX Group

21 June 2016  |  6553 views  |  0 Traffic lights

Bank-owned SIX Group continues to struggle with a network services gremlin that hit payments services in Switzerland Monday.

SIX operates the infrastructure underpinning the Swiss financial sector, including securities trading and settlement, financial information and payment transactions.

The company is currently overseeing the country's mass-migration to contactless debit cards and the introduction of national mobile P2P service Paymit.

The network outages first appeared Monday morning, affecting a number of services in the group's payments processing unit, including ATM withdrawals.

In a statement today, the group says issues affecting cashless payment transactions are expected to continue throughout the day as it works to resolve the issues.

"Though various services from different divisions have been affected, the processing of card payments has been particularly affected," the statement continues. "It is possible that certain services may not be available today in the way we would wish them to be. We regret this situation and continue to focus our efforts on resolving the issues."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Swiss banks investigate common mobile payments system

Swiss banks investigate common mobile payments system

30 March 2016  |  8258 views  |  0 comments | 17 tweets | 18 linkedin
More Swiss banks join Paymit ahead of high street expansion

More Swiss banks join Paymit ahead of high street expansion

21 January 2016  |  7510 views  |  1 comments | 11 tweets | 5 linkedin
SIX Group sets up fintech incubator

SIX Group sets up fintech incubator

13 August 2015  |  12703 views  |  0 comments | 20 tweets | 6 linkedin
Swiss banks join SIX and Swisscom to push mobile payments to the high street

Swiss banks join SIX and Swisscom to push mobile payments to the high street

05 August 2015  |  8355 views  |  0 comments | 10 tweets | 7 linkedin
SIX, UBS and Zurcher Kantonal Bank to launch P2P  payments app

SIX, UBS and Zurcher Kantonal Bank to launch P2P payments app

28 April 2015  |  9744 views  |  0 comments | 11 tweets | 13 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.temenos.comvisit www.abe-eba.eu

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12746 views comments | 26 tweets | 42 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9577 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8278 views comments | 18 tweets | 27 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8064 views comments | 13 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7672 views comments | 16 tweets | 1 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job