2016 Eftpos problems fixed

The 2016 bug affecting may Eftpos terminals has impacted on millions of customers around the world. 25 million cardholders have been affected in Germany alone. The bug causes Eftpos machines to wrongly read the year 2010 as 2016.

In Australia, merchant terminals supplied by Bank of Queensland, Bankwest and Credit Union service provider CUSCAL have been hit.

Some consumer Eftpos receipts are still recording the date of transaction as 2016, instead of 2010, says Eftpos technology company Keycorp, but the system and later bank statements record the date correctly says Joe Bonin, CEO of Keycorp.

Source: The Age