On Oct 7, 2015, at 10:44 AM, Bernard Kioko via kictanet <kictanet@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@lists.kictanet.or.ke] On Behalf
Of Mark Kipyegon via kictanet
Sent: Wednesday, October 07, 2015 10:38 AM
To: bkioko@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@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?

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