VISA and MASTERCARD are suffering what is being described as a “global outage” for anyone trying to use one of the cards to purchase anything, anywhere!
Just a day or so after the United States Federal Reserve reported a total outage of its FedWire and FedACH systems, which halted all money transfers between banks inside the Untied States, now the two major bank card systems are also suffering an “outage.”
Clearly, something is wrong in the global financial system. These “outages” while brief, are signaling something is afoot.
As with the Fed outage the other day, this web site recommends you have CASH MONEY on-hand to tie you over this weekend, just in case. Head to an ATM and get some cash. Tank-up the fuel in your vehicle(s).
None of this is hard, or expensive, or difficult. But if you find yourself suddenly without bank cards to use . . . because their systems are down globally . . . then you’ll be in a hard place without cash money.
Just a word to the wise.
UPDATE 6:15 PM EST
From a subscriber: “Yea was in grocery store and got in line to get checked out and they announced all credit card processing was down and could only accept CASH.”
From another subscriber: “In NJ. Just went to two different stores, Visa not working.”
From a general email contact form: “Ikea in Indiana had no ability to process cards. Super long lines and super unhappy customers.”
This issue has begun making the mass-media news:
Word from San Antonio, TX: “Just at Mc D’s for “fast food Friday,” her in SA , Texas We went to two of them and both only accepted cash, They can’t take card or debit even. So must be true.”
UPDATE 7:15 PM EST —
From a listener: “just came from burger king, cash only.” (Click to Source)