App Store Not Working - Purchases Failing - Error: PMT50016

Hi Palm,
I am in the US and for the last week or more whenever I go to try to make a purchase from the App Catalog/Store. I get the error message 'Purchase Failed'. When I tap on the exclamation mark/message I get the following:
'Couldn't Purchase' - The Item could not be purchased. Try again later. PMT50016.
I first thought this was an issue with the particular App I was attempting to buy, but I have tried others and I still receive the same message.
I've checked my CC on file and nothing appears to be wrong with that. I've also rebooted the phone multiple times, so not sure why this error would start occurring. In the past, I'd been able to make purchases successfully.
Anyone else having this same problem?....If so, is there a fix? Is Palm aware of this issue? - Please help.
Thanks for your help!
This question was solved.
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Can all users affected by this issue please send me a private message with your palm profile email address and MEID number of device you are using?

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App Store Not Working - Purchases Failing - Error: PMT50016

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