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Australian banks hit with payment transfer outage as RBA blames ‘technical error’


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Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog

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The Reserve Bank has said an internal system engineering issue caused a four-hour industry-wide bank payment transfer outage that left customers in the lurch.

The RBA confirmed the issue affected its fast settlement service which provides for the settlement of New Payments Platform (NPP) transactions between banks.

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Continue reading…Reserve bank says system is back up and running on Thursday, and they are working to clear the backlogFollow our Australia news live blog for the latest updatesGet our free news app, morning email briefing or daily news podcastThe Reserve Bank has said an internal system engineering issue caused a four-hour industry-wide bank payment transfer outage that left customers in the lurch.The RBA confirmed the issue affected its fast settlement service which provides for the settlement of New Payments Platform (NPP) transactions between banks.Sign up to receive an email with the top stories from Guardian Australia every morning Continue reading…