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Is VISA down everywhere in the US?

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Re: Is VISA down everywhere in the US?

#62
post #28

Earlier quoted context omitted.

You order an item, pay in bitcoin, yet the merchant never ships the item. What now? With credit cards, you can dispute the charge and get your money back. With bitcoin, it's gone forever.

Bitcoin transactions can be written to support escrow use cases. *Edit: Transactions can be sent to a script which requires multiple keys to forward the funds from that script address to a wallet address. https://en.bitcoin.it/wiki/Multi-signature This is the primary mechanism for escrow services to function. If the need for a CC-like refund feature is important to the user, one could potentially use a service over B…

To perform escrow with that technology a trusted third party is required, at which point, you are resolving disputes exactly the same way it works with credit cards: you are convincing some organization that the transaction wasn’t satisfied.

Re: Is VISA down everywhere in the US?

#65
In the US, there's been a lot of supermarket consolidation over the years. For example, T̶o̶m̶ ̶T̶h̶u̶m̶b̶,̶ ̶A̶l̶b̶e̶r̶t̶s̶o̶n̶'̶s̶,̶ ̶a̶n̶d̶ ̶K̶r̶o̶g̶e̶r̶'̶s̶ ̶a̶r̶e̶ ̶a̶l̶l̶ ̶t̶h̶e̶ ̶s̶a̶m̶e̶ ̶c̶o̶m̶p̶a̶n̶y̶. My guess is this is a situation like that. The stores near you all picked the same company/tech to do credit card payments. Maybe because they are all owned by the same company.

Re: Is VISA down everywhere in the US?

#66

Looks like Paymentech's (Chase) payment processing may be down. PARTIAL OUTAGE OCCURRED DATE : 2022-05-21 10:35:00 PST We are aware of an issue that is currently affecting transaction processing intermittently on the Paymentech processor. We are working to identify the issue as quickly as possible and have received confirmation from Paymentech that they are experiencing issues and are actively investigating, however…

Aaaand it's gone. There isn't a single mention of it in the press, either. Huge portion of the US couldn't do credit card transactions for a few hours and...nothing.

The best PR money can buy...

Re: Is VISA down everywhere in the US?

#68
post #65

In the US, there's been a lot of supermarket consolidation over the years. For example, T̶o̶m̶ ̶T̶h̶u̶m̶b̶,̶ ̶A̶l̶b̶e̶r̶t̶s̶o̶n̶'̶s̶,̶ ̶a̶n̶d̶ ̶K̶r̶o̶g̶e̶r̶'̶s̶ ̶a̶r̶e̶ ̶a̶l̶l̶ ̶t̶h̶e̶ ̶s̶a̶m̶e̶ ̶c̶o̶m̶p̶a̶n̶y̶. My guess is this is a situation like that. The stores near you all picked the same company/tech to do credit card payments. Maybe because they are all owned by the same company.

>For example, Tom Thumb, Albertson's, and Kroger's are all the same company.

This is not true.

Re: Is VISA down everywhere in the US?

#69

Why does this get to the front-page of HN is the real question..

> Why does this get to the front-page of HN is the real question.. Fintech is a major part of tech, the question is why wouldn't it be? The VISA network relies on many intermediaries and it's bound to be affiliated with some clearing house that may have been undergoing maintenance on it's servers and sine thus is HN someone may be working on said maintenance. For what it's worth, I just used VISA to pay from my dinne…

I'm in Poland, why I waste time on reading this? downvotes from HN?

Re: Is VISA down everywhere in the US?

#70
post #68
post #65

In the US, there's been a lot of supermarket consolidation over the years. For example, T̶o̶m̶ ̶T̶h̶u̶m̶b̶,̶ ̶A̶l̶b̶e̶r̶t̶s̶o̶n̶'̶s̶,̶ ̶a̶n̶d̶ ̶K̶r̶o̶g̶e̶r̶'̶s̶ ̶a̶r̶e̶ ̶a̶l̶l̶ ̶t̶h̶e̶ ̶s̶a̶m̶e̶ ̶c̶o̶m̶p̶a̶n̶y̶. My guess is this is a situation like that. The stores near you all picked the same company/tech to do credit card payments. Maybe because they are all owned by the same company.

>For example, Tom Thumb, Albertson's, and Kroger's are all the same company. This is not true.

Ah, yeah, I apparently missed with Kroger there. Market Street, Randall's, Von's, United, Safeway, Tom Thumb, and Albertson's are apparently the same company.

See: https://www.albertsonscompanies.com/home/default.aspx

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