The French manufacturer Gemalto confesses it made an error in the software of the eurocard money cards. This caused an error on 1 Jan 2010, resulting in the cards being rejected by some terminals. and 30 million people could no longer draw money or pay with the cards. A temporary solution is in progress, downgrading the terminals so the cards are no longer addressed via the secure "EMV system", but with the old insecure "electronic cash ecc" system, or the magnet stripe based "electronic cash Spur 2" system.
At 8 Euro per card, this makes for 240 million Euro damage if all cards are replaced. It is not clear who will pay for it. Shares of Gemalto dropped 4% today. Source in German: