Risk Avoidance vs Risk Mitigation -----Original Message----- From: kictanet [mailto:[email protected]] On Behalf Of Mark Kipyegon via kictanet Sent: Wednesday, October 7, 2015 7:38 AM To: [email protected] Cc: Mark Kipyegon <[email protected]> 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, [email protected] 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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