Bank Of Queensland Payment System Skips Ahead Six Years

A large percentage of Bank of Queensland Ltd.'s (BOQ.AU) electronic funds transfer at point of sale (EFTPOS) terminals have been hit by a glitch that saw dates on the system skip ahead six years on Jan. 1, a bank spokeswoman said Tuesday.

The bank has a found a temporary solution for its customers but has not been able to solve the problem that has caused terminals to stamp January 2016 instead of 2010 and reject EFTPOS users' cards for being out of date.

"There is an issue with the time and date stamp on a number of BOQ EFTPOS terminals and we are working with our service providers, Keycorp and First Data, to address this issue as a priority," the spokeswoman said.

She said the group is still working on a permanent solution.

The Sydney Morning Herald reported on its website Tuesday that a small number of merchants using BankWest EFTPOS terminals were also experiencing the same problem. A spokesman for Commonwealth Bank of Australia (CBA.AU), which owns BankWest, was not immediately available to comment on the report.

Cuscal, best known for its RediATM network, has also been hit by the glitch in Australia, while banks Postbank and Commerzbank have also been impacted in Germany, the Sydney Morning Herald said.

-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093; [e-mail]