On Oct 7, 2015, at 11:10 AM, Dennis Kioko <dmbuvi@gmail.com> wrote:Read the article, they have just changed from enabling cards by default to enabling them on request.
Enabling by request is what most local banks do, including KCB, Equity, Co-op.
Enabling by default means that while only 10% of your customers ever need that functionality, 90% have it and are not aware of associated risks.
Therefore makes sense to only enable on request .
Unfortunately, headlines tend to be written to make you read the story - and people tend to draw conclusions from headlines.
On Wed, 7 Oct 2015 10:49 Ali Hussein via kictanet <kictanet@lists.kictanet.or.ke> wrote:ListersActually that story may be alarmist. Spoke with someone from I&M and they will be clarifying the position.Skype: Abu-JomoOn 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:http://www.businessdailyafrica.com/Corporate-News/I-M-Bank-suspends-online-c
Listers
Interesting story about the pitfalls of ECommerce payments.
ard-payments/-/539550/2901814/-/k38ilvz/-/index.htmlfollowed by Chase Bank) this doesn't auger well for online card payments in
As one of the few acquirers (The others are Barclays and KCB, soon to be
the country.country. Anyone can share insights?
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
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