Skip to comments.Sweden's ATMs All Out of Service - Again
Posted on 06/14/2014 12:31:38 PM PDT by nickcarraway
For the second time in as many weeks, Sweden's entire fleet of automatic cash machines broke down on Thursday.
The country's ATMs stopped working in the early afternoon and were down for an hour.
"It's a central fault," Johan Nilsson, spokesperson at Bankomat AB, told the TT news agency.
"It's deeply regrettable... we were only out of action for an hour or so but our goal, of course, it to always have cash available for our customers."
When the same thing happened late last month, Nilsson dismissed any notion of a hacker attack being behind the system's failure.
Thursday's incident likely went unnoticed among most Swedes, as only around a quarter of all retail transactions in Sweden involve cash.
In August last year, Swedish company Bankomat revealed that it would take over all 2,220 of the country's automatic teller machines run by the five biggest banks. Bankomat is jointly owned by all five banks, Danske Bank, Handelsbanken, Nordea, SEB, and Swedbank.
The company promised at the time that transactions would run more smoothly than before.
Sounds like they need some bank competition there.
Dry run for the coming bank failures.
Next they will blame it on the bank’s continuing use of Windows XP.
Central planning. What could go wrong...
Sweden is likely considering going “cashless”, so all money would be virtual. To “sell” this idea, their first inclination is to lower confidence in physical money.
hussein is taking notes.