Research On The Legal Regulation Of Prepaid Cards

Under the condition of market economy, business activities have become increasingly diverse. With the rapid development of information technology, prepaid cards have become an important tool for commercial activities to improve payment efficiency. The scope and scale of the use of prepaid cards in recent years has rapidly expanded. Prepaid cards have been used in various industries and had a significant impact on people’s daily life. Also they become a widely used means of payment.But our legal regulations for prepaid cards are still at an exploratory stage. Because the laws and regulations are lagging behind and the chaotic status of issuance, circulation and management of prepaid cards, there are many legal risks. Since2010, with the introduction of the non-financial institutions payment service management approach, the prepaid cards caused attention of the relevant departments. The prepaid cards industry has entered a new stage under the regulatory framework. However, due to the lower level of the existing legal regulation, there is great need to improve the legal regulation of the prepaid cards.This paper mainly introducing the essential attribute of prepaid cards and the management of international experience to analysis how to establish the legal regulation system in favor of consumer protection and healthy development of the prepaid cards market. This paper was divided into the following sections. The first part, define the definition of prepaid cards, and the essential attribute of prepaid cards; distinguish the main types of prepaid cards. The second part, analyze the development status and legal risks of prepaid cards in our country. The third part summed up China’s relevant laws and regulations on prepaid cards. Start from understanding of the history of the prepaid cards, then further analysis the regulations of the prepaid cards in other countries and regions. The forth part, learn from the relevant national legal system and make relevant recommendations on how to establish a regulatory system suitable for the development of China’s prepaid cards market. I hope the research can promote the improvement of the legal regulation of prepaid cards in China.