@BusinessDaily

Chase bank system outage enters fourth day - 7 months ago, 12 July 12:29

By: Bonface Otieno

Key banking services such as debit card transactions and mobile money transfer services are yet to resume at Chase Bank following an ICT system outage at the troubled lender.

The service interruption, which started on Sunday evening following the transitioning of its banking platform to SBM Holdings' new platform, has persisted for the fourth day in a row leaving hundreds of customers stranded.

The bank’s over-the-counter services such as cash deposits and withdrawals, cheque deposits, issuance of check books and electronic transfer services have however been operational despite the technical hitch.

SBM Bank Kenya acting chief executive, Jotham Mutoka, on Tuesday admitted the downtime had affected some of the bank’s services, but declined to give an indication as to when customers will start getting steady services.

“We are experiencing system downtime --but I may not be able to engage you further on the matter because I’m not the right person to comment,” said Mr ...
Read More


Category: business news economy lifestyle

Suggested

1 hour ago
Lifeline for SMEs in training boost

Tier one lender Co-operative Bank has teamed up with International Finance Corporation to empower small businesses through networking and training programmes countrywide in a Sh15 billion ...

Category: topnews news business
4 hours ago, 20:57
Girls turn mangoes into sweet juice and wine

It is another season of the year when supply of mangoes is high leading to glut. From Makueni to Siaya, mangoes are going for a song as traders and farmers try to avoid losses. In Siaya County, ...

Category: business topnews news
5 hours ago, 20:45
Bt cotton is not the panacea to challenges facing our struggling textile industry

Last week’s article, “How Bt cotton can revive collapsed textile industry,” glossed over pertinent issues and erroneously glorified the crop’s credentials. Prior to propagating genetic engineering, a ...

Category: topnews news business
5 hours ago, 20:46
Not an early bird? You can still catch these red worms

The threadlike, red creatures wriggle inside a plastic container creating a beautiful, unending pattern that interests the eyes. James Wafula looks at the red worms keenly before blurting out, “They ...

Category: topnews news business
5 hours ago, 20:46
Are feeds your chickens eat safe?

Are the commercial feeds you give your chickens, dairy cows, pigs and even rabbits safe? This is the question many farmers are asking themselves following the revelations by a new study that 90 per ...

Category: topnews news business
5 hours ago, 20:46
Why fish imports from China don’t worry me

On the foot of the Aberdare Forest in Nyandarua County, David Ruhiu is carving a niche in fish farming in a region dominated by dairy cows. Soon after retirement some 10 years ago, Ruhiu went into ...

Category: topnews news business