Source AP ©

Visa credit card transactions have technical problems

Owing to technical problems, Visa credit card transactions across Europe were being declined.

"We are currently experiencing some technical problems in our card transaction processing," London-based Visa International said in a statement. "In some cases, this is resulting in card transactions being declined."

Payment Business Services, a Danish company that handles credit cards transactions, said in Copenhagen that it began noticing technical problems with Visa transactions shortly before 5 a.m. (0300GMT), with Visa transactions being rejected two hours later.

Visa International said it first noticed problems in Britain midmorning. The company said it did not have a figure for the total number of transactions affected.

"Immediate action is being taken to overcome this problem and we hope to have a full service resumed as soon as possible," the statement said.

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
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