Hungary's central bank directs local banks to reimburse clients for erroneous Apple payments due to a technical glitch.

Hungary's central bank directs local banks to promptly reimburse clients for erroneous charges from Apple's electronic payment service. Over 780,000 incorrect transactions worth 2 billion forints ($5.43m) occurred due to a technical glitch at Apple's international bank card partner. The central bank is dissatisfied with reimbursement pace and plans to investigate if banks' handling adheres to regulations.

June 29, 2024
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