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Mexican banks report failures in processing card payments – Reuters

Mexican banks report failures in processing card payments – Reuters

FILE PHOTO: Shoppers wait to pay for purchases during the shopping season, ‘El Buen Fin’ (The Good Weekend), at a Sam’s Club store, in the early hours of Friday, in Mexico City, Mexico, November 16, 2018. REUTERS/Henry RomeroMEXICO CITY (Reuters) – Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing…

FILE PHOTO: Customers wait to pay for purchases all around the browsing season, ‘El Buen Fin’ (The Most though-provoking Weekend), at a Sam’s Membership store, within the early hours of Friday, in Mexico City, Mexico, November 16, 2018. REUTERS/Henry Romero

MEXICO CITY (Reuters) – Several of Mexico’s greatest banks reported on Saturday that they agree with been experiencing complications processing debit and bank card funds while some retail outlets within the capital instructed customers that they’d splendid accept money funds.

Banorte, HSBC and Santander all said on their Twitter accounts that the venture changed into as soon as with the corporate that changed into as soon as processing card funds, and that they agree with been working on discovering an answer.

Reuters witnesses in Mexico City said that they had their cards declined at totally different stores and observed others that had keep up signs informing customers that their fee systems agree with been down. Twitter customers outdoor the capital reported the identical complications.

It changed into as soon as no longer straight away sure whether or no longer cards rather then those issued by Banorte, HSBC and Santander agree with been additionally affected. The Mexican Finance Ministry did no longer straight away acknowledge to a ask for observation.

The failure comes as the administration of President Andres Manuel Lopez Obrador is promoting the utilization of cards in desire to study an are trying and clamp down on illicit money and amplify financial inclusion.

Reporting by Dave Graham and Daina Beth Solomon; writing by Stefanie Eschenbacher; modifying by Jonathan Oatis

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