{"id":90566,"date":"2018-06-05T23:18:47","date_gmt":"2018-06-05T16:18:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/visa-failure-shows-the-dangers-of-ditching-cash-letters\/"},"modified":"2018-06-06T01:03:25","modified_gmt":"2018-06-05T18:03:25","slug":"visa-failure-shows-the-dangers-of-ditching-cash-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/visa-failure-shows-the-dangers-of-ditching-cash-letters\/","title":{"rendered":"Visa failure shows the dangers of ditching cash | Letters"},"content":{"rendered":"<p>&#013;<br \/>\nDoug Clark says two credit card providers hold the lion\u2019s share of the market, giving them a worrying degree of control over our means of payment, and Mike Peart says he shouldn\u2019t be discriminated against financially for not having a smartphoneOn Friday millions of people across Britain and Europe were unable to pay for goods and services after a crash in Visa\u2019s payment system (Chaos as Visa card network crashes in UK and Europe, 2 June). Countries worldwide are dispensing with cash. This situation stems from new technology such as phone payment apps and contactless systems. While few doubt its convenience, what are the downsides to a cashless society? Since 2008, banks are no longer held high in public esteem, and hacking scandals show that technology firms care little for our privacy.Currently, two credit card providers hold the lion\u2019s share of the market, giving them a worrying degree of control over our means of payment. It is not well known that credit card companies have the legal right to refuse anyone a card or to revoke an existing card \u2013 without giving reasons. Such power needs curtailing by encouraging more providers and other payment avenues. E-payment is data-rich and hence ripe for data-mining \u2013 again, the public needs protection. E-payment systems have become indispensable to everyday life, but what happens to some innocent person who becomes cut off from the cashless payment system? Effectively, they become divorced from society. Let last Friday\u2019s chaos serve as a warning. Legislation is required urgently.Doug ClarkEdinburgh Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/money\/2018\/jun\/05\/visa-failure-shows-the-dangers-of-ditching-cash\" target=\"_blank\">Visa failure shows the dangers of ditching cash | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Doug Clark says two credit card providers hold the lion\u2019s share of the market, giving&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-90566","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-nyK","jetpack-related-posts":[{"id":90096,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/visa-network-crashes-and-sparks-card-payment-chaos\/","url_meta":{"origin":90566,"position":0},"title":"Visa network crashes and sparks card payment chaos","date":"June 1, 2018","format":false,"excerpt":"\r Card company confirms it is suffering an outage and is investigating the causeVisa outage: payment chaos after card network crashes \u2013 live updatesVisa\u2019s payment network has crashed across the UK and Europe, sparking chaos as transactions are failing or being denied.The company confirmed that it is suffering an outage\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/visa-combines-debit-and-credit-on-single-card-introduces-new-payment-options\/","url_meta":{"origin":90566,"position":1},"title":"Visa combines debit and credit on single card, introduces new payment options","date":"May 29, 2024","format":false,"excerpt":"\r Visa introduces new payment products and services in Middle East\r \r Source : arabianbusiness.com\r Read more...Visa combines debit and credit on single card, introduces new payment options","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/05\/visa-card-mobile-payments-2-1000x643-1.jpg?fit=1000%2C643&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":90542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-demand-answers-over-catastrophic-visa-card-payment-problem\/","url_meta":{"origin":90566,"position":2},"title":"MPs demand answers over &#039;catastrophic&#039; Visa card payment problem","date":"June 5, 2018","format":false,"excerpt":"\r Committee wants to discuss compensation and what firm is doing to prevent a repeatA cross-party group of MPs is demanding answers from Visa after a system crash on Friday left millions of people unable to pay for goods and services in the UK and across Europe.Nicky Morgan, the chairwoman\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/end-of-the-great-card-payment-rip-off-no-its-just-a-new-one\/","url_meta":{"origin":90566,"position":3},"title":"End of the great card payment rip-off? No, it\u2019s just a new one","date":"June 17, 2018","format":false,"excerpt":"\r Rules designed to protect the consumer from extra credit and debit card charges seem to have backfiredIt was meant to be the end of the rip-off that cost consumers hundreds of millions of pounds a year. In January, all extra charges for using a credit or debit card to\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-car-dealer-went-bust-in-the-middle-of-a-sale-what-now\/","url_meta":{"origin":90566,"position":4},"title":"A car dealer went bust in the middle of a sale. What now?","date":"December 31, 2015","format":false,"excerpt":"\r We paid \u00a33,750 by Visa and wondered if \u2018chargeback\u2019 would cover usMy friend paid \u00a33,750 for a car through a local dealer. Another \u00a33,750 was to be paid on delivery. A week before the delivery date the dealership went into administration and he\u2019s been told that as the company\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-did-amazon-know-my-new-visa-card-information-before-me\/","url_meta":{"origin":90566,"position":5},"title":"How did Amazon know my new Visa card information before me?","date":"January 12, 2017","format":false,"excerpt":"\r When my new card arrived from NatWest it had the same details as one already listed on AmazonI was Christmas shopping on Amazon and realised there was a payment card on my account that I had never seen or used before. I only have one card registered and, although\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/90566"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=90566"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/90566\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=90566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=90566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=90566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}