Comments on: Banks that disabled InterSwitch Cards for Internet Use

By: Engr. Donald from Poland

Tue, 27 Apr 2010 21:12:24 +0000

Banks should only educate their customers on the important of atm card usage and only issue card (atm) to their customers on free will request rather than indirectly forcing them by charging over.d.counter cash withdrawals. This will limit atm fraud as d literate 1s in d society will be using atm card rather than a farmer that uses thumb print as signature. Most atm frauds occurs as a result of password compromise. I blame banks for atm fraud, they are after their income from monthly atm service charge than their customer’s fund.

By: George from Nigeria

Thu, 16 Jul 2009 13:09:43 +0000

I have had an experience with ATM when an ATM machine seized my card that it was reported stolen when i never made such a report. Since then i have been scared of living money in that particular account cos anything can happen.

Now i have a mastercard GTbank that is not linked to any particular account but has a seperate account for it. This is not only secured, but also allows me manage my master card spendings. I think if this is implimented for interswitch ATM, it would be a lot safer. you only transfer the amount you feel you might need to spend into your ATM account and the card is not linked to your main account. A lot of people have lost hard earned savings to fraudsters because of the vunerability of the ATM cards.

By: wale oloro gbogbo big boys from Kuala Lumpur, Malaysia

Fri, 15 May 2009 03:15:09 +0000

You’re on point here mr jide,like i commented above on chronic’s comment..Nigeria isnt ripe4d technology yet..I embrace what those banks did to protect their customers..nice 1 bro

By: wale oloro gbogbo big boys from Kuala Lumpur, Malaysia

Fri, 15 May 2009 03:11:09 +0000

Its this simple…Nigeria is no ready for eCommerce;peoplewise,infrastructure wise,securitywise e.t.c,dont these scammers get to use other people’s cards in foreign countries..They aint cowards,that is the best they can do..no matter how to try to do extra validation,scammers would always be scammers.A lot of things have to be put inplace before eCommerce can gain grounds

By: Oscar from California, United States

Fri, 17 Apr 2009 11:42:58 +0000

Is it posible for another person to use your atm pin code on diffrent atm card

By: olajide femi from London, United Kingdom

Tue, 14 Oct 2008 10:24:29 +0000

Dear All,
The problem with all the systems is that they are not well thought to suit Nigerian market.
It may be easy to blame the fraudulent ones in Nigeria, but it is a fact the problem is prevalent.
No merchant will like to lose out because inadequately thought ideas like interswitch, etranzact etc. The order day I read on Interswitch’s website that I can use my cashcard to transfer to a friend bank account and vice-versa etc. It turned out to be a stupid lie.
The problem with Nigeria is that of greed. Dont forget that Interswitch is not a private orgaisation. It is owned and funded by most of the banks on the switch. A company that switches transaction(like interswitch) does not issue a virtual account(like cashcard) in direct competition with it’s owners. This is the flaw in the whole Interswitch saga.
I have tried a number of so-called online transaction, in Nigeria and I can tell you all the one I found most reliable is GLOBALDOSH.COM. Although, low-profile you can use on any website throughout the world via one of their proxyshopper, GDPROXY.COM.
I have used them continuosly for over 3 years and all my stuff from Amazon, E-bay etc were delivered because they guarantee delivery or your money-back.
Nigerians always try to run before they can walk.Because a technology exists doesn’t mean a simple way that work should not be embraced instead of a new technology that disappoints all the time.
Comments are welcome!!!

By: Dtech Web from Greater Accra, Ghana

Wed, 24 Sep 2008 14:42:55 +0000

Can someone please tell me where the “sense” is in having an e-payment gateway that does not verify the card holders details before processing? This is terrible for Nigeria.

To think i was one of the guys praising the new development.

So sad!!

By: Oladipupo Olusegun Iyowun from Lagos, Nigeria

Tue, 16 Sep 2008 14:15:39 +0000

I am ot quite surprised about the cyber politics played in Nigeria system, if such services are disabled what it is the importance of the reconcilliation of bank and MEGA banks in Nigeria. I strongly believe that the entire MEGA banks in Nigeria are nott as strong as a single MEGA bank in Brazil. I have applied for a debit and credit card with my bank Oceanic Bank International, to-date i have received any from them, the excuse is that the person in charge is having issue with the head office, but from my own finding this isn’t true. So if there is no card then no better service. I pray Nigeria is deleted from the RED Zone countries in the World Alert List.

By: CHRONIC from Lagos, Nigeria

Fri, 15 Aug 2008 21:07:27 +0000

I am not surprised at all, some guys at the top management level are not really creative. They rely on input from the younger guys. Instead of them to look for a way to make this payment mode more secured ,they tread the way of cowardice. Extra validation and authentication of card holder will do this job.
I advise these listed banks to immediately sack who ever gave them this idea. He is not competent. PERIOD

By: Syskay Systems from Oyo, Nigeria

Fri, 15 Aug 2008 19:17:36 +0000

These banks cannot be blamed for their action; they are simply doing what they feel is best to protect the funds of their customers. Interswitch really need to up their game if they want e-commerce to thrive in Nigeria.