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Visa card network crashes, causing increased decline rates across UK and Europe

theguardian.com

51–60 of 190 posts

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#51
post #3

Luckily, credit cards are really a second tier payment system in most of the EU. Country-specific (debit) cards and the international Maestro payment system are the primary way to pay, along with cash. Apart from online shopping, of course. But even there, you usually have other viable payment options. So it's probably not all that much chaos...

Not in the UK, it's all mastercard/visa now.

Same in Ireland.

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#52

This is one of the reasons why every frequent traveller should carry credit cards from at least two different banks and two different credit card companies (like Mastercard and Visa).

Yes and add to that some emergency cash.

500 USD in $100 bills is easy to carry along with your passport.

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#53
post #32

What's the betting someone pushed something to production on a Friday afternoon and has now gone to the pub?

At least to me, the fact this happens on a Friday evening suggests it's deliberate, precisely because nobody with any sense would deploy something on a Friday unless it's an emergency.

>because nobody with any sense would deploy something on a Friday unless it's an emergency

So, this is completely irrelevant in this case due to usage patterns (a CC network should not push on a Friday unless they are staffed over the weekend), but we push on Fridays at my company. We are a clinical testing laboratory and we do not receive samples or new orders over the weekend, so it makes perfect sense to deploy on a Friday and deal with potential issues when no one else needs to get work done.

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#54

This is one of the reasons why every frequent traveller should carry credit cards from at least two different banks and two different credit card companies (like Mastercard and Visa).

My bank recently replaced my Mastercard credit card with a Visa one, despite being Mastercard for years. I also have a Visa debit card. You don't have control over this :(

You can just fill out a form online and get another credit card from someone else.

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#55

Earlier quoted context omitted.

I thought the MBA handbook said you were supposed to fire them on Friday to minimize the chance they go rogue?

https://www.businessmanagementdaily.com/1387/know-best-days-... That random site happens to agree with my kind of thinking, so I copied that content in here: "Fire on Mondays. This lets dismissed workers start looking for a job right away. Make job offers on Thursdays. If candidates need time to think, you can give them one extra day. If you give them the whole weekend, they may find another offer. Give good job revi…

One day to accept a job offer seems extremely short. If someone gives me one day to accept a job offer, chances are I'm still interviewing elsewhere and will decline unless it's my primary choice.

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#56
post #14

Earlier quoted context omitted.

The european debit card systems are not comparable with how it works in the US. In the US I will use credit cards, because that is the better system down there. Over here in Europe, I'll hardly ever use a credit card. So yes, luckily.

This is not true for all of Europe. Here in the UK everything works through Visa/Mastercard, whether it's your credit card or your normal "bank card" (debit card). I really miss this system every time I go back to continental Europe and suddenly have to carry around huge amounts of cash with me. Because nobody accepts cards, and even if they do it's usually only Maestro etc.

every time I go back to continental Europe and suddenly have to carry around huge amounts of cash with me. Because nobody accepts cards

You must be going to the wrong areas in Europe. Literally, everywhere I go (France, Spain, Italy, Switzerland, Czech Republic, Germany, Belgium, Netherlands in the past 6 months alone) cards are accepted.

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#57
Any thoughts why a system like Eagle Cash[1] couldn't be used more generally? Obviously this particular design is stored value, but that's just a limit the chip is tracking, there's no particular reason it couldn't be based on your credit limit.

[1] https://www.fiscal.treasury.gov/fsservices/gov/pmt/eagleCash...

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#59
post #30
post #10

What was that whole thing about a "cashless society" again? What happens when a major rival actually attacks your cashless society?

Yeah i don't know why people are downvoting you. A new Carrington event, which is actually long overdue, or an unexpected cyber attack from China which i also don't find impossible to imagine in the next decades and society is at an absolute standstill. Off course more important problems would probably arise before. But reflecting on the sustainability of microchip-society in times of outage is healthy. Crash, Bang a…

If you only stock 3 meals at once, you have a much more likely problem on your hands: natural disasters.

Re: Visa card network crashes, causing increased decline rates across UK and Europe

#60

Earlier quoted context omitted.

https://www.businessmanagementdaily.com/1387/know-best-days-... That random site happens to agree with my kind of thinking, so I copied that content in here: "Fire on Mondays. This lets dismissed workers start looking for a job right away. Make job offers on Thursdays. If candidates need time to think, you can give them one extra day. If you give them the whole weekend, they may find another offer. Give good job revi…

One day to accept a job offer seems extremely short. If someone gives me one day to accept a job offer, chances are I'm still interviewing elsewhere and will decline unless it's my primary choice.

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