Guardian.co.uk A 2010 software bug has left millions of German debit and credit card holders unable to withdraw money or make payments in shops, and thousands stranded on holiday with no access to cash.
About 30m chip and pin cards – a quarter of those in circulation in Germany – are thought to have been affected by the programming failure, which meant that microchips in cards could not recognise the year change to 2010.
A French card manufacturer, Gemalto, admitted today it was to blame for the failure, which it is estimated will cost €300m (£270m) to rectify. Gemalto, whose shares dropped by 2.6%, said it was attempting a software update, but might have to replace the cards. Gemalto-manufactured cards in other countries were not affected.
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