[kictanet] I&M suspends online card transactions

[Bernard Kioko]

Mark,

Although I am not defending the position I am going to try reason....

Imagine is you have a service that genates say KES5m a month....over 3
months that's 15m... but then on month 4 you are hit by fraud worth 20m.....
Just as an example. I don't actually know the details around the suspension.

The risk might just be too high....which is a really sad thing for Kenya's
ecommerce space.

Regards

Bernard

-----Original Message-----
From: kictanet
[mailto:kictanet-bounces+bkioko=bernsoft.com at lists.kictanet.or.ke] On Behalf
Of Mark Kipyegon via kictanet
Sent: Wednesday, October 07, 2015 10:38 AM
To: bkioko at bernsoft.com
Cc: Mark Kipyegon
Subject: [kictanet] I&M suspends online card transactions

Is it a viable solution to suspend the service to paying customers? The risk
cited in the article is not a new thing in that particular industry.

--
keybase.io/kipyegonmark

On 7 Oct 2015, at 09:41, kictanet-request at lists.kictanet.or.ke wrote:

> 
> 
> Listers
> 
> Interesting story about the pitfalls of ECommerce payments. 
> 
>
http://www.businessdailyafrica.com/Corporate-News/I-M-Bank-suspends-online-c
ard-payments/-/539550/2901814/-/k38ilvz/-/index.html
> 
> As one of the few acquirers (The others are Barclays and KCB, soon to be
followed by Chase Bank) this doesn't auger well for online card payments in
the country. 
> 
> Fortunately for us we have other payment gateways we can use. 
> 
> I'm curious to know what impact this will have on eCommerce in the
country. Anyone can share insights?
> 
>> 

_______________________________________________
kictanet mailing list
kictanet at lists.kictanet.or.ke
https://lists.kictanet.or.ke/mailman/listinfo/kictanet

Unsubscribe or change your options at
https://lists.kictanet.or.ke/mailman/options/kictanet/bkioko%40bernsoft.com

The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for
people and institutions interested and involved in ICT policy and
regulation. The network aims to act as a catalyst for reform in the ICT
sector in support of the national aim of ICT enabled growth and development.

KICTANetiquette : Adhere to the same standards of acceptable behaviors
online that you follow in real life: respect people's times and bandwidth,
share knowledge, don't flame or abuse or personalize, respect privacy, do
not spam, do not market your wares or qualifications.


-- 

* ------------------------------ *



This e-mail and any attachments may contain information that is 
confidential, legally privileged and protected by law and is intended for 
the sole use of the named recipient(s). Any unauthorized review, use, or 
disclosure or distribution is prohibited. Any liability (in negligence or 
otherwise) arising from any third party acting, or refraining from acting 
on any information contained in this email is hereby excluded. If you are 
not the intended recipient, please delete the contents and notify the 
sender immediately; do not disclose the contents to any other person, use 
it for any purpose or store or copy the information in any medium. Whilst 
our e-mails are checked for viruses, we cannot guarantee that this message 
or any attachment is virus free, does not contain malicious code or is 
incompatible with your electronic system and the Company does not accept 
liability in respect of viruses, malicious code or any related problems 
that you might experience. For further information about us, please contact 
us at the address indicated below.


Bernsoft Interactive Limited - P O Box 15177-00100 Nairobi - Tel: +254 722 
929192 Email: admin at bernsoft.com Web: www.bernsoft.com