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...
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?
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?
_______________________________________________ kictanet mailing list kictanet@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@bernsoft.com Web: www.bernsoft.com
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@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@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 <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 <mailto: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?
_______________________________________________ kictanet mailing list kictanet@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.
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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.
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:
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@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@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 <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?
_______________________________________________ kictanet mailing list kictanet@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.
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929192 Email: admin@bernsoft.com Web: www.bernsoft.com
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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.
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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.
Dennis Tru that.. Thanks & Regards Ali Hussein ali@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 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 <mailto:kictanet@lists.kictanet.or.ke>> wrote: 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@hussein.me.ke <mailto:ali@hussein.me.ke>
+254 713 601113 Twitter: @AliHKassim Skype: Abu-Jomo LinkedIn: http//ke.linkedin.com/in/alihkassim <http://ke.linkedin.com/in/alihkassim> Blog: www.alyhussein.com <http://www.alyhussein.com/>
On Oct 7, 2015, at 10:44 AM, Bernard Kioko via kictanet <kictanet@lists.kictanet.or.ke <mailto: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 <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 <mailto: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 <http://keybase.io/kipyegonmark>
On 7 Oct 2015, at 09:41, kictanet-request@lists.kictanet.or.ke <mailto: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 <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@lists.kictanet.or.ke <mailto:kictanet@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/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@bernsoft.com <mailto:admin@bernsoft.com> Web: www.bernsoft.com <http://www.bernsoft.com/>
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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.
kictanet mailing list kictanet@lists.kictanet.or.ke <mailto:kictanet@lists.kictanet.or.ke> https://lists.kictanet.or.ke/mailman/listinfo/kictanet <https://lists.kictanet.or.ke/mailman/listinfo/kictanet>
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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.
How is this situation in any difference of the global trend? And is it that there is no consumer awareness about all the security measures they should take? Most times I only see leaflets marketing these cards as fancy commodities - adding to the disappointment factor when it doesn't work as its shown on ads - but I think there also needs to be the same happening to also create awareness on how you can secure your card. And this can be issued to folks who acquire these cards once they issue them. I may think its always that case where we sell something in a very new market where there is no consumer awareness and expect magic to work itself out. On Wed, Oct 7, 2015 at 11:11 AM, Ali Hussein via kictanet < kictanet@lists.kictanet.or.ke> wrote:
Dennis
Tru that..
Thanks & Regards
Ali Hussein ali@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 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:
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@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@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 <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?
_______________________________________________ kictanet mailing list kictanet@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@bernsoft.com Web: www.bernsoft.com
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
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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.
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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.
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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.
-- *Ahmed Maawy* Executive Director - SwahiliBox / M-Power (CBO) Shaper - Global Shapers Ambassador - Open Knowledge Director - Startup Grind Mombasa Software Developer - EveryLayer (KE) +254 714 960 627 Skype: ultimateprogramer swahilibox.co.ke m-power.or.ke www.globalshapers.org <http://globalshapers.org/> www.okfn.org <http://okfn.org/> startupgrind.com www.everylayer.com
Risk Avoidance vs Risk Mitigation -----Original Message----- From: kictanet [mailto:kictanet-bounces+awatila=yahoo.co.uk@lists.kictanet.or.ke] On Behalf Of Mark Kipyegon via kictanet Sent: Wednesday, October 7, 2015 7:38 AM To: awatila@yahoo.co.uk Cc: Mark Kipyegon <mkipyegon@outlook.com> 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?
_______________________________________________ kictanet mailing list kictanet@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/awatila%40yahoo.co.uk 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.
participants (6)
-
Ahmed Mohamed Maawy -
Alex Watila -
Ali Hussein -
Bernard Kioko -
Dennis Kioko -
Mark Kipyegon