EDS power failure disrupts bank payments

EDS power failure disrupts bank payments

Electronic bank payments in New Zealand were disrupted overnight by an apparent power outage at Electronic Data Systems' (EDS) Auckland processing center.

The system failure stopped payroll and other electronic payments from going through. An EDS spokeswoman couldn't explain the cause of the failure which she described as "very rare". The company's back-up power supply failed to swing into action, she says.

The EDS system handles "billions of dollars" of transactions a day.

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