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MSE News: Monzo, Revolut and Curve customers hit by glitch
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Former_MSE_Ben_S
Posts: 39 Forumite
Digital bank and prepaid card provider Monzo has warned its users their payments may be declined due to a fault...
Read the full story:
'Monzo, Revolut and Curve customers hit by glitch'
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'Monzo, Revolut and Curve customers hit by glitch'
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Duplicate thread, or mse spamming their own forum?0
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Personally, I don't see the value of a whole article to tell people that the problem is resolved. Unless the underlying theme of the article is warning people of such prepaid cards which do not have a guarantee and in that case I agree with it.0
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Personally, I don't see the value of a whole article to tell people that the problem is resolved.
When the article was first released the problem had not been resolved. The first paragraph currently reads:Update 11.15am: Since we published this story the technical issue now appears to have been resolved and cards are working normally.0 -
I found it rather disconcerting to learn that all of these fintech banks and cards use the same payment processor, GPS in Dubai. (The details of this were soon edited out of the article, but included no mention of a cyber skirmish with Qatar.) So when GPS go down, as they did before in March, none of those cards will work and there's no safety in having several of them, without a 'normal' bank or credit card as backup.Evolution, not revolution0
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I found it rather disconcerting to learn that all of these fintech banks and cards use the same payment processor, GPS in Dubai. (The details of this were soon edited out of the article, but included no mention of a cyber skirmish with Qatar.) So when GPS go down, as they did before in March, none of those cards will work and there's no safety in having several of them, without a 'normal' bank or credit card as backup.
All these cards use Wirecard card payments to run the backend processing so when Wirecard goes down, they all do. Monzo is however, creating its own card processing service when it launches its own current accounts later this year.Anything I say in no way constitutes financial advice and anything you do is your own decision.0
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