[kictanet] IG Discussion 2009, Day 10 of 10 - ePayment Systems and Regulation

[John Walubengo]

feel free to contribute, today and tmrw.  Will move to another theme on Monday.

walu.


--- On Fri, 5/8/09, Solomon Mburu <solo.mburu at gmail.com> wrote:

> From: Solomon Mburu <solo.mburu at gmail.com>
> Subject: Re: [kictanet] IG Discussion 2009, Day 10 of 10 - ePayment Systems  and Regulation
> To: jwalu at yahoo.com
> Cc: "KICTAnet ICT Policy Discussions" <kictanet at lists.kictanet.or.ke>
> Date: Friday, May 8, 2009, 1:26 PM
> Walu, these talk should be extend for two days because this
> topic
> touches the heart of many Kenyans and it involves, yes,
> money. So
> exhausting this issue is an important step for the sake of
> Kenyans in
> the upcountry!
> 
> On 08/05/2009, John Walubengo <jwalu at yahoo.com>
> wrote:
> >
> > Thanx Mwende for your 4day moderation on Security
> issues. Ofcourse more
> > credit to the contributors whose insights am sure are
> being digested by
> > stakeholders...feel free to make belated
> contributions.
> >
> > Today I want to introduce the second last theme before
> Mwende takes us
> > through the Closure and Way forward on Monday 11th May
> 2009.  Basically, we
> > want to review the various "hybrid"
> electronic payments systems and their
> > corresponding legal and regulatory frameworks.
> >
> > Hybrid electronic payment system exclude the
> traditional banking systmes
> > which do have time-tested and proven legal/ regulatory
> frameworks. Typically
> > they refer to emerging e-Payment systems that have
> been best exemplified by
> > the MPESA/Zap phenomena. Such systems cut accross
> multiple industries
> > (Banking, Telecommunication and IT) and present a huge
> challenge in terms of
> > regulation/legislation.
> >
> > In developed economies, such systems have multiple
> legislation/regulation
> > that demands that the entities involved in such
> ePayment services abide by
> > strict Data Protection Acts which protect the customer
> data/privacy as well
> > as other eLegislation (eCrime, eTransaction) that
> provides deterrence and
> > assurance mechanism.
> >
> > In layman terms, consider an MPESA/ZAP User who sends
> value of 30,000Ksh
> > from their mobile phone account to the parents
> upcountry when the following
> > happens:
> > 1. Disaster strikes and the electronic records are
> lost (whose liable?-it
> > happened in 9/11, Tsunami, etc)
> > 2. The Parents claim that they didnt recieve the money
> or worse still the
> > sender claim they never send the money
> (non-repudiation issues)
> > 3. An eCrime suspect is charged with altering
> ePayments records at the
> > source (inside job/judicial issues)
> >
> > In general, do we have frameworks to protect consumers
> and businesses
> > against such risks above and do we have investigative
> and judicial capacity
> > to administer e-Crime related justice? What role
> should the Regulator (CCK),
> > Banking (CBK), Police and Judiciary (NOT) have in
> these frameworks?
> >
> > Lets try and give views within today (1day)...
> >
> > walu.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
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> 
> 
> -- 
> Man is a gregarious animal and enjoys agreement as cows
> will graze all
> the same way to the side of a hill!