Problems at data-processing centre hit Mexico banking system

CHICAGO: Problems at a Mexico City data-processing centre caused widespread failure across the nation’s banking system last Saturday, with companies and consumers reporting a spike in declined payments and transactions.

Banks including Grupo Financiero Banorte SAB and the Mexican units of HSBC Holdings Plc and Banco Santander SA reported the problems on Twitter. The issue was tied to an electronic-payments company, Prosa, which said in a statement it had experienced problems at a data center. Banks later said the services have resumed.