Sledgehead Posted June 1, 2018 Share Posted June 1, 2018 Credit card and Debit cards being rejected, forecourts backing up as drivers unable to pay for petrol, purchases abandoned at tills at shops and cafes etc, etc Question: are you cashless-fandom f**kers listening now? Visa network crashes and sparks card payment chaos Quote Link to comment Share on other sites More sharing options...
nuts Posted June 1, 2018 Share Posted June 1, 2018 Mate of mine has around 2-3K cash stashed in his house. Wish I had that sort of float... but looks like it is worth drawing a few bob from the ATM tomorrow. Quote Link to comment Share on other sites More sharing options...
Funn3r Posted June 1, 2018 Share Posted June 1, 2018 TSB still not right after a month or so, now Visa going funny, makes you think. What good is it owning some bits on someone's computer if it can go offline. I can really see how the gold freaks must be loving this. Quote Link to comment Share on other sites More sharing options...
chronyx Posted June 1, 2018 Share Posted June 1, 2018 Ah, a "The lamps are going out all over Europe" moment for the financialised age. See someone on twatter has said "oh well we have bitcoin". Good thing the internet cannot and will not ever fail or be taken off line or limited. Quote Link to comment Share on other sites More sharing options...
CanAffordWontPay Posted June 1, 2018 Share Posted June 1, 2018 Mastercard and amex were ok to use. I didn't have an issue when I was in waitrose at the self-checkout at circa 3pm. I assume when the problem was just starting to happen as when I got to the checkout area everyone was having a hissyfit. Although I did get some looks of bewildement at how I got my transaction to go through (used an amex card). They obviously didn't know it was a visa issue at the time. I assume the majority of people use Visa. Always handy to have a backup though. There are plenty off apps out there to hold or transfer some spare cash into such as Fire, Revolut, Monzo, Starling etc. They all use Mastercard and can provide a physical card either for free or a small charge. Also handy for foreign currency. Quote Link to comment Share on other sites More sharing options...
UnconventionalWisdom Posted June 1, 2018 Share Posted June 1, 2018 10 minutes ago, CanAffordWontPay said: Mastercard and amex were ok to use. I didn't have an issue when I was in waitrose at the self-checkout at circa 3pm. I assume when the problem was just starting to happen as when I got to the checkout area everyone was having a hissyfit. Although I did get some looks of bewildement at how I got my transaction to go through (used an amex card). They obviously didn't know it was a visa issue at the time. I assume the majority of people use Visa. Always handy to have a backup though. There are plenty off apps out there to hold or transfer some spare cash into such as Fire, Revolut, Monzo, Starling etc. They all use Mastercard and can provide a physical card either for free or a small charge. Also handy for foreign currency. My revolut is visa. Maybe they changed. Quote Link to comment Share on other sites More sharing options...
Funn3r Posted June 1, 2018 Share Posted June 1, 2018 4 minutes ago, UnconventionalWisdom said: My revolut is visa. Maybe they changed. They are diversifying I think the Visa is a pilot and most are Mastercard. Fantastic thing though, Revolut has saved me a fortune in comparison to what I used to pay in using Lloyds debit card frequently abroad. Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted June 1, 2018 Share Posted June 1, 2018 My Revolut is a mastercard. Infact it's only my bank cards that are visa, all the 'startup' type companies are mastercard. Quote Link to comment Share on other sites More sharing options...
Castlevania Posted June 1, 2018 Share Posted June 1, 2018 1 minute ago, honkydonkey said: My Revolut is a mastercard. Infact it's only my bank cards that are visa, all the 'startup' type companies are mastercard. Probably cheaper? VISA before it floated was a bank owned mutual. Quote Link to comment Share on other sites More sharing options...
Castlevania Posted June 1, 2018 Share Posted June 1, 2018 19 minutes ago, Funn3r said: They are diversifying I think the Visa is a pilot and most are Mastercard. Fantastic thing though, Revolut has saved me a fortune in comparison to what I used to pay in using Lloyds debit card frequently abroad. Natwest have waived their fees for using a debit card abroad this Summer, which is great. The ******* thought it would be a good idea to tell me, two days after I returned from a 11 day trip in Portugal and Spain. Quote Link to comment Share on other sites More sharing options...
Ah-so Posted June 1, 2018 Share Posted June 1, 2018 It makes you realise how reliant we are on visa. Internet shopping, cashpoints and shops. In fact, without visa, most of us would have to queue up for cash and the bank. I understand that there was a near miss with visa last year as well. You probably didn't hear about it as it never made the press. Quote Link to comment Share on other sites More sharing options...
Riedquat Posted June 1, 2018 Share Posted June 1, 2018 Cash is so crap, so much more convenient not having to use it. Hahahahahahaha! God knows there's not a lot that puts a smile on my face! (good job I got some cash out yesterday though) Quote Link to comment Share on other sites More sharing options...
onlooker Posted June 1, 2018 Share Posted June 1, 2018 About 12 years ago I was on holiday in Vietnam, when my Mastercard didn't work. I discovered from the BBC World news that a submarine earthquake off Taiwan had severed the undersea cable connecting to the USA, which was stopping transactions from SE Asia. The outage lasted about 48 hours. Luckily I had a Visa card as well, and ever since I have travelled with at least two different cards. Quote Link to comment Share on other sites More sharing options...
winkie Posted June 1, 2018 Share Posted June 1, 2018 2 minutes ago, onlooker said: About 12 years ago I was on holiday in Vietnam, when my Mastercard didn't work. I discovered from the BBC World news that a submarine earthquake off Taiwan had severed the undersea cable connecting to the USA, which was stopping transactions from SE Asia. The outage lasted about 48 hours. Luckily I had a Visa card as well, and ever since I have travelled with at least two different cards. Two different cards and cash.? Quote Link to comment Share on other sites More sharing options...
Thorn Posted June 1, 2018 Share Posted June 1, 2018 Wait til they get a load of all the Cheques I will be unleashing. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted June 1, 2018 Author Share Posted June 1, 2018 (edited) Didn't make the BBC 10 o'clock headlines, tho they did just mention it. They'd rather speculate whether Trump will meet Kim, talk about slightly more expensive jeans and bugg*red up railway time tables. They don't seem to realize that the next war, once we've gone cashless, is far more likely to be a take-down of the payment system; It's the modern equivalent of siege warfare. The fact that people have been unable to even buy train tickets or jeans seems totally lost on them. Meanwhile shops have been displaying "Cash Only" signs. Visa say it was the result of a hardware failure. Not a cyber attack. I repeat, this was definitely not a cyber attack. Customers report payments being taken despite card refusal. I'd love to get a sight of the protocols and source code on this. How can a customer be sent a "payment declined" message, yet have a payment apparently accepted (ie taken from them)? How does a "hardware issue" produce that issue? Edited June 1, 2018 by Sledgehead Quote Link to comment Share on other sites More sharing options...
rollover Posted June 1, 2018 Share Posted June 1, 2018 (edited) Next month when house prices indexes drop or go negative, there will be very good excuse: It is because VISA network crashes. Edited June 1, 2018 by rollover Quote Link to comment Share on other sites More sharing options...
GregBowman Posted June 1, 2018 Share Posted June 1, 2018 1 hour ago, honkydonkey said: My Revolut is a mastercard. Infact it's only my bank cards that are visa, all the 'startup' type companies are mastercard. New boy on the block is Curve all your cards under one umbrella - app on the phone and 1 card , you use the card and by the app tell it which card to process through - so in theory you only need 1 card and cash. Haven’t got yet but a mate swears by it Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted June 1, 2018 Author Share Posted June 1, 2018 12 minutes ago, GregBowman said: New boy on the block is Curve all your cards under one umbrella - app on the phone and 1 card , you use the card and by the app tell it which card to process through - so in theory you only need 1 card and cash. Haven’t got yet but a mate swears by it Is it just me or did you just promote a way to add another layer of vulnerability to your payments? Quote Link to comment Share on other sites More sharing options...
thewig Posted June 1, 2018 Share Posted June 1, 2018 2 hours ago, nuts said: Mate of mine has around 2-3K cash stashed in his house. Wish I had that sort of float... but looks like it is worth drawing a few bob from the ATM tomorrow. yeah until EVERYONE has the same idea. Bonus bank holiday Monday anyone? ? scenes... Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted June 1, 2018 Share Posted June 1, 2018 (edited) 3 hours ago, nuts said: Mate of mine has around 2-3K cash stashed in his house. Wish I had that sort of float... but looks like it is worth drawing a few bob from the ATM tomorrow. I’ve got some Gold buried, but that is only for when TSHTF. The trick is to drill a hole, and put the sealed gold inside a sealed pipe and the bury it. Edited June 1, 2018 by Mikhail Liebenstein Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted June 1, 2018 Share Posted June 1, 2018 BTW, on Visa, this just shows why the World is and needs to adopt technology from Ripple and use XRP as a global currency. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted June 1, 2018 Author Share Posted June 1, 2018 (edited) How can it show anything until we know what the cause was? They've only told us it was a localized hardware issue. But they would say that, wouldn'y they? Distribution can't fix everything. Edited June 1, 2018 by Sledgehead Quote Link to comment Share on other sites More sharing options...
Ah-so Posted June 1, 2018 Share Posted June 1, 2018 Over the past year I have been telling people about how visa is a huge risk to the financial system. Last time was a couple of weeks ago - friend agreed, but given our dependence on it, there is not much we can do. But since I became aware of the issue, I've always made sure that I've had an alternative way to pay. Today's incident shows what a massive single point of failure it is across the financial system. A few hours was a big problem but imagine if it had been days. Yes, we would have to use cash, but there is not even enough cash in circulation to meet requirements. The BOE probably has some cash in reserve for this kind of incident, but I wonder if it could be deployed that quickly. Quote Link to comment Share on other sites More sharing options...
GregBowman Posted June 2, 2018 Share Posted June 2, 2018 8 hours ago, Sledgehead said: Is it just me or did you just promote a way to add another layer of vulnerability to your payments? I did which is ironic since just got ISO 27001 in my IT business project led by me ? Quote Link to comment Share on other sites More sharing options...
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