ITunes Store is Unable to Process Purchases

Currently the iTunes store is not able to process any purchases. This has been the case for the entire day. I get the following error message:
"The iTunes Store is Unable to Process Purchases at this Time.
Credit card processing is temporarily unavailable. You may continue to browse the store. Please try to make your purchase later. "
I have upgraded to the latest version of iTunes and it still doesn't work. This error has been off and on over the past few days. Any ideas? There are songs I'd like to buy.

I only just noticed a problem this evening, unable to purchase a single track (error 5002 - ah, that explains it then).
I got around the problem by closing the error message and logging into my account (clicking the little button with your email/username under the search field) and clicking resume downloads in the Pending Downloads section. The track I was trying to buy loaded as normal. I then clicked it again seeing as it was still highlighted after going back to my account window (clicking the iTunes Store button) and clicked Done when it showed my credit card info screen.

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