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

theguardian.com

151–160 of 190 posts

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

#151
post #69

Earlier quoted context omitted.

I was visiting Amsterdam (from the UK) about a month ago and I was quite surprised (and annoyed) to find stores, even supermarkets, that have gone cashless while at the same time they would only accept Maestro.

Revolut allows you to get a prepaid Maestro that you can topup with your credit card. Exchange rates are quite good.

Is it Maestro though? They used to issue MasterCard, and it's all Visa now.

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

#152
post #94

Isn't this why you're supposed to be able to do the old hand-imprinted manual transactions? If they can't process the transaction, shouldn't they fall back to the manual option?

My bank stopped providing stationery for the imprinter many years back.

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

#153
post #58

Hey people I suggest revolut.com Make it an alternative it deserve!

That seems like a really cool concept. But also way too free. How are they making money? Their privacy policy (which was hard to find) doesn't describe how they handle your transaction data, yet almost half of the policy is describing how they're going to collect and disclose (web) information for advertising.

>How are they making money?

Raising money (around $350 million recently) to hire consultants to figure out a monetization policy.

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

#154
post #77
post #58

Hey people I suggest revolut.com Make it an alternative it deserve!

How is Revolut solving that specific issue?

It's not. Except that the majority of the cards they issued are MasterCard.

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

#158
post #98

Earlier quoted context omitted.

a) This isn't tested weekly b) I doubt any store actually has the forms/equipment/etc for this

Some cards don't even have the raised, embossed printing anymore, so the imprint method wouldn't work.

This seems to have changed in the other direction. While I used to have flat, non-embossed cards in the past, all my cards today are embossed. That's despite never having a chance to make use of the embossing.

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

#159

Earlier quoted context omitted.

Revolut allows you to get a prepaid Maestro that you can topup with your credit card. Exchange rates are quite good.

Is it Maestro though? They used to issue MasterCard, and it's all Visa now.

Yup, regular Visa.

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

#160
post #93

Earlier quoted context omitted.

I guess that’s the point, to avoid thinking time. It’s from the interviewer point of view

The best candidates might come to an immediate decision if pressured that way.

...yes, an immediate decision to reject an offer from a company trying to pressure them like that. Or is that what you meant?
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