Hungary’s central bank orders faster action over Apple Pay glitch

Lenders deflecting customer complaints is unacceptable, says central bank

Central Bank of Hungary
Central Bank of Hungary

The Central Bank of Hungary (MNB) has told banks to speed up compensation for consumers who lost money due to a glitch with a payment processor related to US tech giant Apple.

Tens of thousands of Hungarians lost around 2 billion forints ($5.47 million) in a two-hour timespan on the evening of June 26, due to a glitch in a third-party service provider for Apple Pay.

Some 780,000 charges were the result of a technical issue related to an unnamed external payments processor. “The affected

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