Study Of The Legal Issues Of Commercial Prepaid Cards Supervision System In China

Since the early1970s, the United States launched the world’s first transportation prepaid card, advance payment because of its commercial operators operating in the financial security and convenience of card purchase to get people of all ages. With the development of global economy and the commercial prepaid card convenient to use, Prepaid card as one of the main means of stimulating consumption, both at home and abroad widely application and rapid development. On the one hand, disputes arising from commercial prepaid card purchase equity in particular suffered abuse cases also caused widespread concern in the community. Thus, perfect the commercial prepaid card regulatory legislation and to protect its effectively implemented, countries will become an important measure to protect commercial prepaid normal development.Due to historical reasons and specific economic and social context, commercial prepaid cards twists and turns in the development in China. Vouchers of the1960s emerged, vouchers of the1960s emerged, regulatory authorities for the maintenance the authority of the yuan and suffered disabled, in the1980s, operators issued vouchers or gift vouchers form consumer cards, because disturb the market order was considerable extent regulators prohibited. With the development of our country’s economy, Commercial prepaid card market continued to highlight the ability to adapt, eventually recognized by regulatory authorities, and initial establishment a regulatory system of commercial prepaid cards. Recently, the market needs and interests driven the prepaid card rapidly development and active. However, due to the lack of system of legislation, and in practice the lack of effective implementation of the regulatory regime, commercial prepaid cards exposed many problems in the operation, commercial prepaid cards supervision faces from regulatory body to specific regulatory regime improve the comprehensive practical needs. Therefore, review of China’s commercial prepaid card in the regulation of the deficiencies, combined with our country’s commercial prepaid cards development economic and social environment, enhance our country commercial prepaid cards supervision legislation and specific system have become the perfect legal regulation of prepaid cards and safeguard its operation an important choice.It should be said that every country created distinctive regulatory system in the regulation of the practice of commercial prepaid cards due to respected by economic, social and even historical tradition, especially in the United States and Japan which constructed different regulatory models to adapt their business prepaid card regulatory system. The regulatory practices of extraterritorial commercial prepaid card provided some experiences that our country could learn from.In the process of improvement in our country’s commercial prepaid cards regulatory, improved the legal system had become an important security guarantee stable operation of regulatory practices. Different types in commercial prepaid cards, however, it had become an important path to improve our commercial prepaid cards issuers that integrated our country’s commercial prepaid card regulatory resources to ensure that commercial prepaid cards to get a unified, effective supervision. And in the supervision of the object, regulate commercial prepaid cards issuers, and ensure that it retains the full amount of excess reserve, we can build the most basic commercial prepaid cards risk defense, while strengthening the protection of human rights and relief card purchase, but also form of commercial prepaid card issuers effective constraints. In addition, to improve our commercial prepaid cards industry self-regulation, not only ensure that the limited regulatory resources can maximize effectiveness, but also can promote the overall development of commercial prepaid cards.