Can't verify payment info (endless

I'm trying to purchase apps on my iPhone 6+, but keep getting the "payment info" verification popup. When I tap it, I'm prompted to type in my Apple ID password. I enter the password, but the app keeps requesting it over and over and over. There's no way for me to get past the verification, because I can't get to the actual confirmation screen.
Ive tried the following steps to diagnose/fix the issue:
- Hard restart of phone (after manually quitting all apps).
- Signing out of all Apple ID accounts on the phone (Game Center, iCloud, iTunes) and signing back in (with various hard restarts in between each one).
- Downloading free apps (this works fine with just TouchID).
To see if the problem was account related, I purchased an app on my iPhone 5s (tied to the same account). The purchase was fine, and the app actually turned up on the iPhone 6 immediately afterward (thanks to the auto download feature).
So my account is fine, my password is fine, I can buy and download apps on my 5s and through iTunes on my Mac. I just can't do it on the 6+.
Has anyone encountered this annoying bug and, if so, were you able to find a fix?
Thanks,

Hello kelliott2000,
Thanks for using Apple Support Communities.
From your post I understand that you are unable to change the payment information on your Apple ID account, as you are first asked to verify the old payment information.  I'd like you to please contact iTunes Store support by following the information below to resolve this issue.
If you need help changing your payment information, credit card details, or billing information, contact iTunes Store support. Or you might find the answer to your question below:
Change or remove your payment information from your iTunes Store account (Apple ID)
Take care,
Alex H.

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