THE electronic card payment system Visa has crashed in the UK and mainland Europe with millions of people affected. Problems started as Brits were gearing up to start the weekend and enjoy the sunny weather and have resorted to get cash via ATMs. What are the Visa card problems in the UK and Europe? Visa has said some card payments are currently failing across the UK as well as other parts of Europe. It is unclear just how widespread the problem is, but people have taken to Twitter to complain they have not been able to pay using their Visa card on chip and pin machines. Visa confirmed it is suffering an outage and is investigating the cause. In a statement, Visa said: “Visa is currently experiencing a service disruption. This incident is preventing some Visa transactions in Europe from being processed. “We are investigating the cause and working as quickly as possible to resolve the situation.” High street shops like Marks & Spencer and Sainsbury's have said they … [Read more...] about What are the Visa card problems in the UK and Europe and are both debit and credit cards affected?
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0 Have your say If you're heading to the shops tonight it might be best to bring cash. Multiple retailers are reporting problems processing debit and credit card payments due to the issue, which is related to Visa payment processing across Europe.-> Road closures as 350 Tommy Robinson protesters march through Leeds city centreBecause Visa run a lot of the payment systems, all credit and debit cards could be affected by the problems.Reports suggest Tesco and Sainsbury's and multiple other retailers are affected as well as Asda.Customers at Asda in Leeds say the supermarket is one of those having trouble with cards.A spokesman for the retailer said: "The issue is intermittent, so it's not all cards, it's not all stores and it's not all checkouts. It's certain cards, certain checkouts, certain stores."Where a card payment is declined we’re asking customers for alternative forms of payment, ie cash, or another card."Right now, you may expect, just as in any other … [Read more...] about Asda, Sainsburys & Tesco reporting debit and credit card issues due to EU-wide Visa problem
Hundreds of thousands of pounds were put on credit cards at an under-fire development company, councillors have been told. A report to Northumberland County Council’s audit committee revealed £246,000 was spent by a small group of staff at Northumberland’s regeneration company, Arch, over four years on company cards. Coun Nick Oliver, portfolio holder for corporate resources, told ChronicleLive the “majority” was spent on hospitality, with clear business cases not offered for why the cash was spent. Arch has already come under scrutiny over hospitality cost, with a report revealing lavish meals and £58-a-bottle wine at some events. The latest Northumberland County Council Audit Committee report also revealed council officers had once again contacted police over some findings at Arch. Few details were given, but the committee were told the referral concerned “a potential breach of the law in relation to clearly outlined local Government and … [Read more...] about Hefty credit card bills and a £9m fall in value at Arch, auditors say
There has been a ‘significant lack of financial control’ over the use of company credit cards at Northamptonshire County Council, according to the authority’s auditor. As the council was heading for the worst financial crisis in its history, staff at the authority spent more than £500,000 on plastic in the past 12 months, with many transactions not reviewed or approved.The cards were used at a number of high street and online retailers including Amazon, Argos, Tesco and DFS.The council’s auditor KPMG records that there has been some ‘questionable expenditure’ and has now declared that a number of transactions need to be looked at further.These include an £741.95 Apple Iphone bought from Currys in May 2017 as well as a tablet and television bought from the same retailer and a £22.50 spend on cosmetics that was categorised under catering expenses.The cards are known in local authority circles as ‘government … [Read more...] about Credit card use by Northants County Council questioned by auditors
One in three millennials will never own their own home and will still be renting in retirement. That was the conclusion of a series of reports from the Resolution Foundation published last month. Soaring house prices mean that for the generation dubbed “millennials”, typically defined as anyone born between the late Eighties and late Nineties, the size of a deposit, combined with the spiralling cost of renting, makes getting on the ladder a distant dream for many. To make matters worse, despite making regular rent payments many millennials have no, or a prohibitively poor, credit rating – and this can prove a further barrier to home ownership. What is a credit rating? Your credit rating tracks how good you are at borrowing money. Mortgage lenders will want to see some evidence of reliability when it comes to paying debts. It is tracked by companies like Equifax and Experian which have access to your financial data and build you a score based on your history … [Read more...] about Millennials: here’s how to build your credit rating without getting a credit card