Hello cryptonians! It has been a while since i last posted on STEEMIT, but here i am alive and kicking. So many news and subject that have not been covered but here is one that caught my eye : https://cointelegraph.com/news/visa-worldpay-take-blame-for-duplicate-charges-on-coinbase-reverse-transactions https://media.giphy.com/media/5WmyaeDDlmb1m/giphy.gif Two things i would like to point out : - It seems after all that even world renowned financial entities are capable of huge mistakes. - Crypto exchanges are seen as foul playing entities and as a result Coinbase was the first to take the false blame. Despite the unfair play coming from many directions, cryptos and cryptoexchanges are here to stay and thrive. https://media.giphy.com/media/Cgo9XkgzRcTPW/giphy.gif Cheers everyone!
Visa, Worldpay Take Blame For Duplicate Charges On Coinbase, Reverse Transactions So it looks like Coinbase customers were being double-charged—and sometimes triple-charged, or even overcharged dozens of times over for cryptocurrency purchases they’d made weeks earlier. But wait! It wasn't Coinbase's fault source : https://cointelegraph.com/news/visa-worldpay-take-blame-for-duplicate-charges-on-coinbase-reverse-transactions
https://www.youtube.com/watch?v=QCMPh0C9p-s Coinbase (www.coinbase.com) is making waves again with a chargeback fiasco caused by VISA and worldpay Litecoin is getting a February 18th hardfork creating Litecoin Cash boasting high functionality. Atari is joining the blockchain revolution with Atari Token, utilizing online Casino PariPlay LTD to get the token into the hands of users. CRYPTOCURRENTLY: www.cryptocurrently.co www.facebook.com/cryptocurrentlynews www.twitter.com/cryptocurrentl1
# Tourist Visa Processing For Korea ![Screenshot_20180219-201724_1.jpg](https://steemitimages.com/DQmVntvKy5qpYMRBmFqXizkfq6VN2h8TQHaABhqDTK7SaCr/Screenshot_20180219-201724_1.jpg) Anyone here would like to process VISA application for Korea? Here in Cebu City, Philippines, there are at least 10 requirements/documents that you need to submit in order to get your approved application for Korean Tourist Visa. But this is specific for Filipino Employees. *Here are the following requirements:* 1. Application Form – this can be downloaded at https://phi-cebu.mofa.go.kr 2. 1 piece of Passport sized colored picture 3. Original Passport (should be valid for more than 6 months) 4. Photocopy of Passport Bio-page (page 2) 5. Original & Photocopy of valid visa/s and arrival stamps to OECD member countries for the past 5 years (if applicable, and Korean Visas will not be counted) 6. Original Certificate of Employment (including applicant’s position, date hired, compensation, address, office landline number, e-mail
Visa sent out a mea culpa after clients were charged up to 17 (!) times for buying cryptotokens at the Coinbase platform. As we speak, Visa is already paying back the clients that were charged too much. Last week, multiple users complained on Reddit that they were charged several times when purchasing cryptocurrencies at Coinbase, using a Visa credit card. Initially, nor Visa or Coinbase was willing to take the blame in this, until this morning Visa came up with a new version of events. *The last two days, Coinbase customers might have noticed unusual activity on their bank account. This is due to an error on our side.* stated the Visa press release. However, they keep users in the dark as to *why* this issue occurred. Source: DataNews !(https://steemitimages.com/DQmb8WBifnDMQWLr6yhrYR8vztqWmTeUVF6d2AVjtsNr426/image.png)
It turns out that card issuer Visa is in fact the culprit in an increasingly messy Coinbase customer support nightmare that’s seen multiple users’ cryptocurrency accounts hit with reverse transactions, unauthorized withdrawals, and other unexplained fees. The issue began picking up steam in online crypto communities earlier this month, and Coinbase first responded last week citing a change in how credit card companies classify digital currency transactions. The company at the time said it had identified a solution.
![download.jpeg](https://steemitimages.com/DQme5BoPSYKv5X7kXcNmd7tsKCRtWHMj8AJJ6veRK9ioZCe/download.jpeg) For those of you who do not know yet Visa has started recently charging individuals who used the credit card to make cryptocurrency purchases further charges to their accounts. People who have noticed these extra charges have had their accounts put into overdraft, or have actually seen their accounts hit with extra charges they were not aware off. Check out this article for further detail. https://www.ft.com/content/b728b440-1491-11e8-9376-4a6390addb44 I’d be super pissed if this happened to me. Especially if I was hit with any overdraft charges. They should be held responsible to compensate those individuals. As far as I would have been concerned I did my due diligence at the time of purchase. It is a little disconcerting that they can do this to peoples accounts. Let me know what you think? Please UPVOTE if you found this useful and informative.
https://cdn1.img.sputniknews.com/images/105555/81/1055558182.jpg Litecoin (LTC), one of the most popular cryptocurrencies on the market, gained 36 percent overnight, making it the fifth most capitalized cryptocurrency in the world. Here’s what led to the huge price rise. Litecoin gained 36 per cent in value in last 24 hours, raising its capitalization to $11.9 billion and making it the fifth most capitalized cryptocurrency in the world. On February 14, Litecoin hit the $210 mark, according to CoinMarket Cap data. What caused the value to spike? The Daily Express reports that it is due to a deal made with Visa. According to the report, the credit card company is planning to introduce Litepay, a payment system compatible with Visa credit cards. https://cdn4.img.sputniknews.com/images/106153/24/1061532470.jpg Bitcoin, Litecoin and LoveCoin: A Brief Overview of Cryptocurrencies What this means is that we are going to see Litecoin cards very soon, and business will finally get its hands on a practical cry
**Credit card processing giant Visa is pushing back against allegations that it is to blame for unauthorized charges reported by a growing number of Coinbase customers in recent days.** ![VISA-fiat-760x400.jpg](https://steemitimages.com/DQmdLn2n9KfXNx2sRJqQ9b9riKbN6Kkm157UCBL1XtWmqK6/VISA-fiat-760x400.jpg) *Featured image from Shutterstock.* **Visa, however, denied that it was responsible for the overcharges. The problem, the firm said, lay at the feet of Coinbase.** *“Visa has not made any systems changes that would result in the duplicate transactions cardholders are reporting,” a Visa spokesperson told tech outlet The Next Web. “We are also not aware of any other merchants who are experiencing this issue.”*...*[Click here to know the details story](https://www.ccn.com/visa-were-not-to-blame-for-coinbase-overcharges/)* **AUTHOR** *Josiah Wilmoth* *Please visit my blog: @nixon73*
![image](https://img.esteem.ws/vncpa2ttsy.jpg) Visa and payment processing company Worldpay issued a joint statement on the Coinbase blog today, Feb. 17, taking responsibility for charging Coinbase customers multiple times for the same transaction. Before admitting fault in the statement published by Coinbase today, Visa had at first shifted the blame back to Coinbase, telling the Financial Times on Feb. 16 that it had “not made any systems changes that would result in the duplicate transactions cardholders are reporting.” However, the latest statement from Visa and Worldpay on the Coinbase blog clarifies: “Over the last two days, some customers who used a credit or debit card at Coinbase may have seen duplicate transactions posted to their cardholder accounts. This issue was not caused by Coinbase.” Coinbase has stated the error initiated from a change of the merchant category code (MCC) for crypto purchases earlier this month, which meant that crypto payments by card would be processed as “ca
!(https://steemitimages.com/DQmQT8mvicSXqiYjCGiTTHmTFom9xQVMs4Xtkww8vwDncfb/image.png) This morning Visa [issued a statement to some publications](https://thenextweb.com/hardfork/2018/02/16/coinbase-visa-overcharging-cryptocurrrency/) shifting the blame back to Coinbase, telling TNW that “Visa has not made any systems changes that would result in the duplicate transactions cardholders are reporting.” We are also not aware of any other merchants who are experiencing this issue.” But now it seems that the payment giant has revised its stance, and clarified that it wasn’t Coinbase’s fault. The following is a [joint statement from Visa and Worldpay](https://blog.coinbase.com/joint-statement-from-visa-and-worldpay-for-coinbase-customers-9a6f2ff5f3b3), which is Coinbase’s payment processor partner. While Coinbase initially distributed the statement on its own blog, we’ve also received the statement directly from Visa. >Over the last two days, some customers who used a credit or debit card at Coi
<html> <p>https://coinivore.com/wp-content/uploads/2018/02/visa-700x467.jpg</p> <p>Visa has accepted responsibility for charging users of Coinbase with multiple charges to their accounts apologizing for the gross error. </p> <p>Numerous users of Coinbase reported duplicate charges on their credit and debit cards. </p> <p>After initially confirming the reports, Coinbase <a href="https://bitcoinist.com/passing-the-buck-visa-blames-coinbase-for-erroneous-error/">passed the blame</a> for the situation on to Visa, stating the “erroneous credit and debit charges are the result of Visa reversing and recharging transactions. This was not done by Coinbase.” </p> <p>A spokesperson for Visa initially told the Financial Times that Coinbase was actually at fault, stating that the financial institution “has not made any systems changes that would result in the duplicate transactions cardholders are reporting […] we are also not aware of any other &n
Le géant du traitement des cartes de crédit Visa rejette les allégations selon lesquelles il est responsable des frais non autorisés signalés par un nombre croissant de clients Coinbase ces derniers jours. Plus tôt ce mois-ci, les utilisateurs de Coinbase ont commencé à signaler qu'ils avaient été surfacturés - parfois jusqu' à 50 fois leur achat initial - pour des transactions effectuées par l'entremise de la populaire plateforme de courtage en cryptodevise. Les clients touchés ont déclaré avoir dû payer une litanie de frais de découvert, en plus d'être incapables de payer leur loyer et leurs factures énergétiques. Coinbase, a reconnu le problème et a déclaré que les charges non autorisées seraient annulées. La firme de San Francisco a attribué le problème technique à Visa, affirmant que le bogue découlait de la récente décision du responsable du traitement des paiements de reclasser les transactions liées à la Coinbase- comme des "avances de fonds". https://twit
## Everything was so hard with Vietnamese Besides quitting a job, preparing for visa is even much more harder. I really envy with someones who are able to travel any where in the world with just a passport. You know, as all poverty and developing countries, Vietnam is considered as “third world” which causes every goverment deeply concern about illegal immigration.<br> Since I’m Vietnamese, so I need visa for most of countries I’m going to visit, even some countries I just transit and stay in airport. There were over 3 times I bursted into tears because of hopelessness, of wanting to give up, of thinking that I am not able to go anywhere since I am vietnamese. That was the first time I felt bad about my nationality. I even thought about I might get a fake marriage with American or Korean,... to be easier with visa stuff. What a crazy idea but in that time, actually I did thought about it. ___ ## The last problem I was still able to handle most of visa stuffs. I carried out little by little, step by s
Visa payment system and Coinbase digital assets platform issued a joint statement, which States the absence of guilt of the California company in recent cases of erroneous debiting of funds from user accounts. The fact that the accounts of users of Coinbase began to be debited, it became known after the issue was raised on Reddit. Many customers ' balances have been reset to zero, and those whose accounts were linked to Bank accounts have also been charged an overdraft. Coinbase representatives almost immediately stated that the problem is directly related to the actions of the Visa payment system. As a reason for the error, the company said that card issuers and banks recently demanded from a number of large credit card networks to change the transit account code (MCC). Visa, in turn, did not agree with these charges, stating that it did not make any systemic changes that would lead to double transactions reported by card holders. However, after investigating the incident, the payment system gave up its o
![VISA-fiat-760x400.jpg](https://steemitimages.com/DQmdLn2n9KfXNx2sRJqQ9b9riKbN6Kkm157UCBL1XtWmqK6/VISA-fiat-760x400.jpg) Credit card processing giant Visa is pushing back against allegations that it is to blame for unauthorized charges reported by a growing number of Coinbase customers in recent days. Earlier this month, Coinbase users began reporting that they had been overcharged — sometimes by as much as 50 times their original purchase — for transactions made through the popular cryptocurrency brokerage platform. Affected customers reported being saddled with a litany of overdraft fees, in addition to an inability to pay their rent and utility bills. Writing on Twitter, Coinbase acknowledged the problem and said that the unauthorized charges would be reversed. The San Francisco-based firm blamed the technical issue on Visa, stating that the bug stemmed from the payment processor’s recent decision to reclassify Coinbase-related transactions as “cash advances.
Five banks in the Philippines contemplate using Visa’s blockchain payment platform. The agreement between the Union Bank of the Philippines and four other rural banks will adopt the new technology in order to boost the efficiency of the processes of their payments, based on Visa’s B2B connect. More banks could be included in the program in the future. Union Bank, the country’s largest credit card provider, which launched a trial phase of the B2B blockchain payment system in November 2017. However, the embracing of Visa’s blockchain payment doesn’t extend to Bitcoin, which is the invention that introduced the revolutionary technology. According to Alfred Kelly, the Visa CEO, the Union Bank has no plans whatsoever to add support for any cryptocurrency-based transactions. Other financial institutions working with Visa to enable the business-to-business project are Singapore’s United Overseas Bank, South Korea’s Shinhan Bank, and the U.S.-based Commerce Bank. **Full article: [Filipino Banks Team
<center>http://blockchain-community.org/files/block/s-910.jpg?times=1502055863</center> Digital currency еxсhаngе Coinbase hаѕ blamed bаnk аnd сrеdіt card company mеddlіng fоr a rесеnt ѕраtе of erroneous сhаrgеѕ аgаіnѕt сuѕtоmеr ассоuntѕ, an аllеgаtіоn rеjесtеd bу Vіѕа. The issue came to lіght when angry customers flooded mеѕѕаgе boards аnd social mеdіа оutlеtѕ wіth соmрlаіntѕ аbоut mуѕtеrіоuѕ аddіtіоnаl сhаrgеѕ аnd/оr refunds whеn purchasing dіgіtаl сurrеnсу with a сrеdіt оr dеbіt саrd. Whіlе Cоіnbаѕе іnіtіаllу rесеіvеd flаk frоm uѕеrѕ оvеr the unathorised trаnѕасtіоnѕ, іt іѕ nоw blаmіng rесеnt changes tо thе соdіng of сrурtосurrеnсу purchases fоr thе рrоblеmѕ. The mаjоr card nеtwоrkѕ rесеntlу rе-сlаѕѕіfіеd mеrсhаnt саtеgоrу coding fоr сrурtосurrеnсу рurсhаѕеѕ as cash advances, meaning that bаnkѕ с
https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2015/12/VISA-fiat-760x400.jpg **Credit card processing giant Visa is pushing back against allegations that it is to blame for unauthorized charges reported by a growing number of Coinbase customers in recent days.** *Earlier this month, Coinbase users began reporting that they had been overcharged — sometimes by as much as 50 times their original purchase — for transactions made through the popular cryptocurrency brokerage platform.* ***Affected customers reported being saddled with a litany of overdraft fees, in addition to an inability to pay their rent and utility bills.*** **Writing on Twitter, Coinbase acknowledged the problem and said that the unauthorized charges would be reversed. The San Francisco-based firm blamed the technical issue on Visa, stating that the bug stemmed from the payment processor’s recent decision to reclassify Coinbase-related transactions as “cash advances.** https://248qms3nhmvl15d4ne1i4pxl-wp