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UK retailers by credit card glitch

A number of superstores and major retailers in the UK were hit by a computer glitch this weekend which effectively knocked out the credit card payment system we all depend on in the UK. It is understood that the situation lasted between 20 minutes and 45 minutes and led to massive queues in many shops in the UK as well as major inconvenience.

It is believed that the likes of Sainsbury, Morrisons, B&Q, Homebase and Argos were amongst those hit by the computer glitch although the likes of Tesco seemed to avoid the problems. At this moment in time it is not certain exactly what caused the problem but credit card and debit card companies will be working around the clock to identify any potential issues which could arise again in the future.

This issue perfectly illustrates how the UK consumer and the UK retail market depend wholly upon the electronic transfer of funds. The relatively short time in which the systems were down is likely to have cost the UK retail market millions of pounds and left many customers with no access to funds. Those who have for some time complained that the UK is now over dependent upon computerised systems will likely come to the fore again over the next few days.

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