[kictanet] I&M suspends online card transactions

Wed Oct 7 10:48:51 EAT 2015

Listers

Actually that story may be alarmist. Spoke with someone from I&M and they will be clarifying the position.

Thanks & Regards

Ali Hussein
ali at hussein.me.ke

+254 713 601113
Twitter: @AliHKassim
Skype: Abu-Jomo
LinkedIn: http//ke.linkedin.com/in/alihkassim
Blog: www.alyhussein.com

> On Oct 7, 2015, at 10:44 AM, Bernard Kioko via kictanet <kictanet at lists.kictanet.or.ke> wrote:
> 
> 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 <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 <mailto: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 <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 <mailto:admin at bernsoft.com> Web: www.bernsoft.com <http://www.bernsoft.com/> 
> 
> _______________________________________________
> kictanet mailing list
> kictanet at lists.kictanet.or.ke <mailto:kictanet at lists.kictanet.or.ke>
> https://lists.kictanet.or.ke/mailman/listinfo/kictanet <https://lists.kictanet.or.ke/mailman/listinfo/kictanet>
> 
> Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com <https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.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.

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.kictanet.or.ke/pipermail/kictanet/attachments/20151007/b642b9d4/attachment.htm>