Research On The Legal And Regulatory Issues Of Virtual Credit Card

"Jingdong IOUs" is a new type of consumer credit instruments which Jingdong Mall launched on February 13,2014. In "Jingdong IOUs" to represent the virtual credit card with traditional commercial bank credit card similarities exist in many aspects, but because there is no physical credit card as a carriVer sheet, so the credit payment instruments such as "virtual credit card." However, China only for credit cards issued by commercial banks to develop the relevant laws and regulations, such as "Jingdong IOUs," a new virtual credit card lacks a targeted legal regulation, so that it appeared a lot of problems in the operation. Virtual credit card found in the operation of the problem, propose appropriate countermeasures is the main purpose of this article. This article also seeks to solve the problem and the way to virtual credit card issues were discussed by the regulatory system found the problem. Paper is divided into five parts:The first part is the legal property analysis "Jingdong IOUs’ virtual credit card. In this section, "Jingdong IOUs" as a representative of a virtual credit card, through the analysis of "Jingdong IOUs’ operation and property law, as well as" Jingdong IOUs "legal issues involved as a virtual credit card, with examples vividly explain the operation of the virtual credit card the risks and supervision system construction need to focus on resolving legal issues.The second part is the legal definition of virtual credit card. From the current state of development of a virtual credit card, virtual credit card on the legal connotation of the virtual credit card attributes, feature virtual credit card law, the legal value of the virtual credit card were discussed, the virtual credit card clear legal definition, it certainly belongs to the credit card property, the distinction between virtual and conventional commercial bank credit card credit card similarities and differences, analyze its legal value.The third part is the US regulatory system and its enlightenment experience about virtual credit cards. In this section, the United States, through major US regulatory system in terms of the introduction of a virtual credit card, summed up the successful experience of the United States in the virtual credit card regulatory systems related to our access to valuable enlightenment on a virtual credit card law regulation.The fourth part is the status of the regulatory system of the virtual credit card. Through elaborate on China’s development status and virtual credit card existing regulatory mechanisms, and further found that the main legal issues of virtual credit card in the Development. Mainly in the legal and regulatory regime, there is a more urgent need to address the issue of credit terms and Development campus credit card regulation.The fifth part is to build and improve the legal regulatory legal advice virtual credit card. The main legal issue for the fourth part in the development of a virtual credit card exists, and according to the reality of our situation, propose appropriate legal advice on the main legal issues that exist in a virtual credit card.