Legal Supervision Of Electronic Payment Risks

Internet penetration into people's lives today in every aspect, e-commerce will naturally come to and e-payment is the core part of e-commerce . Electronic payment is convenient, fast, efficient and economical.However,our country's current electronic payment system comparatively lags behind the national e-commerce development, which impedes the further development of the information economy of our country. In order to modernize our nation's electronic payment system, the main barriers we are facing now are not technique and security problems,but rather the lack of the applicable legal system for the electronic payment that also accords with the circumstances of our country.The reality now is our scholar's studies in this regard are mainly focused on the economic side and as a result, only limited to various techniques of e-payment. Few people analyzed this issue from a legal viewpoint, say, there rights, obligations and potential legal risks of the parties involved in the electronic payment. Accordingly,few people conduct research on the completion of legal system of electronic payment in alliance with the current situation of our country.This paper based on the legal analysis of the electronic payment by adoptingcomparative study methods.This paper primarily discussed two major issuesi.e.electronical transformation of payment methods and electronical transformation of payment instrument in the following order: Firstly, Introduction; Secondly, pay attention to the new emerged legal system of electronic money in U.S.A. and European Union; Then, the supervision of electronic money institution, and the issuing, redeeming of electronic money; Finally, based on the analysis of present available regulations of our country about e-payment by reference to foreign law in the same respect, put forward my suggestions on the basic legal frame of our national e-payment...