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Clare Credit Union Says Payments System “Stable” Following Disruption

A Clare credit union says its payments system is “stable” once again following a disruption.

It’s understood the European Banking Authority, which oversees the clearing of transactions for banks and lending institutions across the EU, conducted a software update last weekend.

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This resulted in issues with instant payments for customers in Clare.

CEO of St Francis Credit Union in Ennis, Louis Fay, claims they’re back to a “state of normality” after a few days of uncertainty.

Listen to the full interview here

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