Unable to provide Verification information on Apple purchases with Ipad 2

I am unable to make purchases from the Itunes store or Apps store with my new Ipad 2.  Requests verification of payment info. which is entered correctly, but an error that it is incorrect continues to appear.

Try making a new apple I.d
I had a similar problem and once I made a new I.d it accepted my debit card and I was able to go t iTunes an the apple store and buy things. The only problem is that you can't update any apps you have already installed on your iPad

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