A cashless society is a grave error for the elderly and low-income families. A cashless society is a war on the homeless, street entertainers, charities, hospitality, the elderly, and privacy.“Not everywhere.” Did Visa revoke? Current issues and outages Many stores and restaurants are unable to accept credit cards because a major credit card processor is down. There are reports of a nationwide credit card processing problem.There appears to be a widespread outage with had three cards declined at two different gas stations in Lafayette, Louisiana.There is a global Visa outage today, so good luck buying anything.Visa and MasterCard appear to be experiencing nationwide outages, preventing people from making payments without cash.“Our card machines are back in service.”ĭowndetector also saw an increase in reports from Mastercard users reporting problems with their cards, but the company later confirmed their network was operational normally. Some debit transactions appear to be successful.” I work for Pep Boys in Daytona, and we had a temporary problem. The user went on: “Not through an internet connection or a landline. “Visa transactions cannot be processed at our two retail locations. According to the website, nearly 80% of the issues involved making purchases. #BREAKING: Visa and Mastercard ‘outage leaves thousands unable to make payments’ /P21qm8XzKeĬustomers in Los Angeles, Chicago, Washington, D.C., Houston, Dallas, Seattle, Phoenix, and Atlanta have reported problems. The issues appear to be more concentrated in New York and New Jersey.
Another 4% of users reported having trouble accessing Visa’s website. Revolving credit, which mostly includes credit card balances, grew at an annualized rate of 19.6% and totaled $1.103 trillion in April, just breaking a pre-pandemic record of $1.1 trillion, according to the report.At 3 p.m., thousands more customers were affected by additional outages. That figure has since been revised downward to $47.3 billion. The latest Federal Reserve data on outstanding consumer credit, released Tuesday afternoon, comes after March’s record increase of $52.4 billion. Thanks to rising prices at the gas pump and grocery store, the use of revolving credit for household essentials is up tremendously compared to last year:Īmericans are continuing to lean on credit cards and loans, as consumer credit surged by $38 billion in April amid the highest inflation in 40 years. The credit outage from last week dovetails into another issue currently making waves nationwide. And it is in that moment we see just how much of technology’s slave we have become. We’ve gotten so used to technology always being there for us that society can come to a grinding halt when it fails.
It inconvenienced customers not only across New Jersey but also in Pennsylvania, Maryland, Connecticut, Kentucky and beyond. Chase Bank runs the network that handles these and was having major problems. It’s being called a major outage of credit and debit cards, both Visa and Mastercard. Indeed not only were people making purchases scrambling by paying with checks there was an above normal run on atms for cash withdrawals. This didn’t receive much mainstream media attention but it was all over social media. Ever feel we are sometimes too reliant on technology? I’m sure many in New Jersey did Friday afternoon.
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