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	<title>Comments on: Foreign firms reject e-payment from Nigeria</title>
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	<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/</link>
	<description>Inspiring Excellence, Realising Ambitions</description>
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		<title>By: Dewteks</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-935</link>
		<dc:creator>Dewteks</dc:creator>
		<pubDate>Thu, 17 Aug 2006 19:43:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.yemma.com.ng/foreign-firms-reject-e-payment-from-nigeria/#comment-935</guid>
		<description>It high time business organisations in our home country became serious about customer service. Of what use is a mastercard when its not regarded beyond the bothers of this country? Both the issuing banks and the switch in nigeria must take customer service beyond statements on papers and start acting proactively on behalf of their customers

I am not too surprised about the atitude of correspondence banks abroad when the home bank itself is parasitic. nigerian banks have relegated themselves to cash warehouse(s), only interested in milking whoever come around. Soludo should have left them and in no time they&#039;ll crash under their own roof.

I guess they should forget all the grammer and over bothering ads of excellent service and starting building a genuine/sustainable relationship with the least of their clients. then everybody can trust them; home and abroad.</description>
		<content:encoded><![CDATA[<p>It high time business organisations in our home country became serious about customer service. Of what use is a mastercard when its not regarded beyond the bothers of this country? Both the issuing banks and the switch in nigeria must take customer service beyond statements on papers and start acting proactively on behalf of their customers</p>
<p>I am not too surprised about the atitude of correspondence banks abroad when the home bank itself is parasitic. nigerian banks have relegated themselves to cash warehouse(s), only interested in milking whoever come around. Soludo should have left them and in no time they&#8217;ll crash under their own roof.</p>
<p>I guess they should forget all the grammer and over bothering ads of excellent service and starting building a genuine/sustainable relationship with the least of their clients. then everybody can trust them; home and abroad.</p>
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		<title>By: grisham</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-318</link>
		<dc:creator>grisham</dc:creator>
		<pubDate>Mon, 12 Jun 2006 03:16:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.yemma.com.ng/foreign-firms-reject-e-payment-from-nigeria/#comment-318</guid>
		<description>I love this site. Good work...</description>
		<content:encoded><![CDATA[<p>I love this site. Good work&#8230;</p>
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		<title>By: Roselyn igboamalu</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-86</link>
		<dc:creator>Roselyn igboamalu</dc:creator>
		<pubDate>Sun, 26 Mar 2006 15:33:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.yemma.com.ng/foreign-firms-reject-e-payment-from-nigeria/#comment-86</guid>
		<description>ill like to know more about this companies,if theres any job available both international and here in nigeria ill be posting my CV via mail if it is needed..... ill be greatful if ill be given the time to work with this company.         
                         YOPURS FAITHFUL
                          Rose igboamalu</description>
		<content:encoded><![CDATA[<p>ill like to know more about this companies,if theres any job available both international and here in nigeria ill be posting my CV via mail if it is needed&#8230;.. ill be greatful if ill be given the time to work with this company.<br />
                         YOPURS FAITHFUL<br />
                          Rose igboamalu</p>
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		<title>By: gideon</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-53</link>
		<dc:creator>gideon</dc:creator>
		<pubDate>Thu, 02 Mar 2006 13:24:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.yemma.com.ng/foreign-firms-reject-e-payment-from-nigeria/#comment-53</guid>
		<description>It&#039;s quite unfortunate that at this era of tech-driven economy, Nigeria is not yet up to the challenge. First, the fraud aided environment of Nigeria has been of no help to the working of e-card system. Banks requiring an ecard to be cashbacked to 125% is a shame,(if that&#039;s true anyway). Cashbacking is not what matters, but the signals it sends to the international merchants. To be honest with you, these merchants don&#039;t transacts business on cash, they do their business on trust, and that trust is &#039;Credit&#039;. If you are not a credit person, they are not ready to do anything with you. Why? because your bank can&#039;t even trust you! if they can, why 125% cashback? your correspondence bank can&#039;t even guarantee your transactions! so if anything goes wrong, what do you expect these helpless merchants to do? 
I believe banks in Nigeria still have a lot to do! Mastercard is a credit card, not cashcard or debit card, before issuing Mastercard, the banks should endeavour to go through the rigour of establishing the credit status of the applicants, if it&#039;s only 100 customers that carry Mastercard in Nigeria,(am not talking of cashbacked card) and those customers ecard transactions are being honoured, I think it&#039;s worth it. Mastercard has never been for everbody! not for all customers who have millions in their accounts.
Until this is done, Mastercard in Nigeria will remain just a plastic that decorates all carriers wallet.

Thank you.</description>
		<content:encoded><![CDATA[<p>It&#8217;s quite unfortunate that at this era of tech-driven economy, Nigeria is not yet up to the challenge. First, the fraud aided environment of Nigeria has been of no help to the working of e-card system. Banks requiring an ecard to be cashbacked to 125% is a shame,(if that&#8217;s true anyway). Cashbacking is not what matters, but the signals it sends to the international merchants. To be honest with you, these merchants don&#8217;t transacts business on cash, they do their business on trust, and that trust is &#8216;Credit&#8217;. If you are not a credit person, they are not ready to do anything with you. Why? because your bank can&#8217;t even trust you! if they can, why 125% cashback? your correspondence bank can&#8217;t even guarantee your transactions! so if anything goes wrong, what do you expect these helpless merchants to do?<br />
I believe banks in Nigeria still have a lot to do! Mastercard is a credit card, not cashcard or debit card, before issuing Mastercard, the banks should endeavour to go through the rigour of establishing the credit status of the applicants, if it&#8217;s only 100 customers that carry Mastercard in Nigeria,(am not talking of cashbacked card) and those customers ecard transactions are being honoured, I think it&#8217;s worth it. Mastercard has never been for everbody! not for all customers who have millions in their accounts.<br />
Until this is done, Mastercard in Nigeria will remain just a plastic that decorates all carriers wallet.</p>
<p>Thank you.</p>
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		<title>By: Emmanuel</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-51</link>
		<dc:creator>Emmanuel</dc:creator>
		<pubDate>Wed, 22 Feb 2006 06:35:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.yemma.com.ng/foreign-firms-reject-e-payment-from-nigeria/#comment-51</guid>
		<description>I have checked your site</description>
		<content:encoded><![CDATA[<p>I have checked your site</p>
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		<title>By: online bill payment</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-50</link>
		<dc:creator>online bill payment</dc:creator>
		<pubDate>Wed, 22 Feb 2006 00:03:34 +0000</pubDate>
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		<description>Hi i am totally blown away with the blogs people have created its so much fun to read alot of good info and you have also one of the best blogs !! Have some time check my link to &lt;a href=&quot;http://www.onlinepaymentsystem.org&quot; rel=&quot;nofollow&quot;&gt;online bill payment&lt;/a&gt;.</description>
		<content:encoded><![CDATA[<p>Hi i am totally blown away with the blogs people have created its so much fun to read alot of good info and you have also one of the best blogs !! Have some time check my link to <a href="http://www.onlinepaymentsystem.org" rel="nofollow">online bill payment</a>.</p>
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		<title>By: Emmanuel</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-41</link>
		<dc:creator>Emmanuel</dc:creator>
		<pubDate>Tue, 24 Jan 2006 15:45:34 +0000</pubDate>
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		<description>Seun, I dont really understand what the merchants are up to. Any way, we need to tidy up things from our end.</description>
		<content:encoded><![CDATA[<p>Seun, I dont really understand what the merchants are up to. Any way, we need to tidy up things from our end.</p>
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		<title>By: Seun Osewa</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-40</link>
		<dc:creator>Seun Osewa</dc:creator>
		<pubDate>Tue, 24 Jan 2006 13:37:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.yemma.com.ng/foreign-firms-reject-e-payment-from-nigeria/#comment-40</guid>
		<description>What exactly are they afraid of?  The cards are cash-backed to the tune of 125% of what can be spent on them.  So what&#039;s the problem with the merchants?</description>
		<content:encoded><![CDATA[<p>What exactly are they afraid of?  The cards are cash-backed to the tune of 125% of what can be spent on them.  So what&#8217;s the problem with the merchants?</p>
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		<title>By: Emmanuel</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-39</link>
		<dc:creator>Emmanuel</dc:creator>
		<pubDate>Tue, 24 Jan 2006 11:48:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.yemma.com.ng/foreign-firms-reject-e-payment-from-nigeria/#comment-39</guid>
		<description>Thanx Deji for the suggestion. There is really a great hurdle for us all to cross. I believe that Mastercard and VISA should work out a way soon to solve this problem. And this has to be pretty fast. The Nigerian government and all stakeholders need to do something in this line as fast as possible.

I would have taken a Mastercard myself but was skeptical. Before now, there have been cases of people whose credit card transactions were not successful &#039;cos the billing address is Nigerian even though the card details are correct. I fear being a victim of the same. Hence, my reason for not picking up the card till date. Well, I earnestly wait for the next line of action.</description>
		<content:encoded><![CDATA[<p>Thanx Deji for the suggestion. There is really a great hurdle for us all to cross. I believe that Mastercard and VISA should work out a way soon to solve this problem. And this has to be pretty fast. The Nigerian government and all stakeholders need to do something in this line as fast as possible.</p>
<p>I would have taken a Mastercard myself but was skeptical. Before now, there have been cases of people whose credit card transactions were not successful &#8216;cos the billing address is Nigerian even though the card details are correct. I fear being a victim of the same. Hence, my reason for not picking up the card till date. Well, I earnestly wait for the next line of action.</p>
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		<title>By: dabar</title>
		<link>http://www.eolutosin.com/foreign-firms-reject-e-payment-from-nigeria/comment-page-1/#comment-38</link>
		<dc:creator>dabar</dc:creator>
		<pubDate>Tue, 24 Jan 2006 11:14:48 +0000</pubDate>
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		<description>Hav never believed in the success of the mastercard initiative. However I think Nigeria should setup a kind of a &quot;middle man&quot; service if they want this to happen. First Nigeria needs to set up a kind of a gateway service in the US or Europe to act as  proxy for all our transaction. Let the people you want to transact with abroad &quot;think&quot; it is that proxy that is doing the transaction. If they can trust that proxy, then nigerian can develop a payment webservice to use that payment &quot;proxy&quot; for transactions. That proxy may be in form of an assosiation that seats in the UK or US and represents Nigeria and then wants to be responsible for all Nigerian transactions. They may Sign some credit cards in thier own name and then work out a policy that will make it safe for those who need to perform transactions from Nigeria to go via thier card numbers. Something like that is what i think is most appropriate for now otherwise getting international firms to do business with Nigeria directly via credit card is just a mere joke!</description>
		<content:encoded><![CDATA[<p>Hav never believed in the success of the mastercard initiative. However I think Nigeria should setup a kind of a &#8220;middle man&#8221; service if they want this to happen. First Nigeria needs to set up a kind of a gateway service in the US or Europe to act as  proxy for all our transaction. Let the people you want to transact with abroad &#8220;think&#8221; it is that proxy that is doing the transaction. If they can trust that proxy, then nigerian can develop a payment webservice to use that payment &#8220;proxy&#8221; for transactions. That proxy may be in form of an assosiation that seats in the UK or US and represents Nigeria and then wants to be responsible for all Nigerian transactions. They may Sign some credit cards in thier own name and then work out a policy that will make it safe for those who need to perform transactions from Nigeria to go via thier card numbers. Something like that is what i think is most appropriate for now otherwise getting international firms to do business with Nigeria directly via credit card is just a mere joke!</p>
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