The European Central Bank’s payments crash last week meant salaries and welfare funds were delayed for thousands of people. It could have been much worse.
If the same disruption had struck, or persisted into, the following day – the end of the month, and payday for many public-sector workers, pensioners and welfare recipients – the mayhem could have hit millions of people and businesses, and strained the banking system.
The post How ECB dodged a payment disaster in 10 hours of tech meltdown appeared first on Reuters Best.
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