Hungary's central bank mandates local lenders refunding customers for Apple's payment service glitch

From Investing.com: 2024-06-29 07:10:28

Hungary’s central bank ordered local lenders to refund customers due to 780,000 erroneous charges totaling over $5.4 million by Apple’s payment service. The issue was caused by a technical glitch with Apple’s bank card partner, not a cyber attack. The central bank urged banks to expedite reimbursements, criticizing their delay as “entirely unacceptable.” An investigation will be launched to assess compliance with regulations. ($1 = 368.58 HUF)



Read more at Investing.com: Hungary central bank tells lenders to reimburse clients after Apple glitch By Reuters