ATM into a "card swallowing monster"! Successive failures of the Japanese Mizuho system were ordered to be rectified

According to Japan's Kyodo News Agency, Japan's Financial Services Agency issued a news release on the 22nd that it has issued a business rectification order based on the Banking Law to Mizuho Financial Group (FG) and Mizuho Bank, which have suffered system failures one after another. Require the submission of interim plans related to updates and maintenance systems to monitor proper operations.

　　The report pointed out that in the case of continuous investigation and inspection of the cause of the failure, it is rare to implement administrative sanctions in advance. The Financial Services Agency will also discuss the punishment after the inspection and discuss thorough business rectification measures for Mizuho, which is prone to failures.

　　According to the report, Bank of Japan Governor Kuroda Toshihiko pointed out at a press conference on the 22nd that the system failure of Mizuho Bank was pointed out, "The impact has affected a considerable number of customers, and it has happened many times, which is very regrettable." "He believes it is necessary to identify the causes and to prevent recurrence once and for all.

　　Mizuho Bank has reportedly experienced seven system failures that have affected customers since February this year. When the malfunction occurred on February 28, about 80% of the automated cash machines (ATMs) in operation at that time were deactivated, and more than 5,000 cash cards and passbooks were swallowed up by ATMs. Mizuho Bank also experienced a major system failure in 2002 and 2011, and the Financial Services Agency issued business rectification orders respectively.

　　According to previous reports, Mizuho Bank had a failure for ATM to swallow bank cards and passbooks from February 28 to March 1, and Mizuho Bank revealed that a total of 5244 cash cards and passbooks were swallowed by ATMs. Subsequently, on March 3 and 7, the bank again experienced a failure of ATM machine decommissioning. On March 12, Japan's Mizuho Bank said a new system failure had occurred late the night before, delaying about 300 foreign exchange remittances to other banks in Japan by about four or five hours. (Zhongxin Jingwei APP)