Research On Legal Issues Of The Commercial Prepaid Cards

With the rapid development of market economy in our country, a new consumption pattern——the commercial prepaid card consumption appeared.At the same time, it is also an operator marketing model which based on market credit mechanism.Since 1990 it was introduced into China, the commercial prepaid card consumption has developed rapidly, a growing number of operators and consumers are willing to adopt this model for commercial activities. The prosperity of commercial prepaid card consumption plays an inestimable role in the development of the national economy, inevitably, however, all kinds of consumer disputes and legal problems followed. Because legal norms related to commercial prepaid card consumption are not perfect in our country, not only the commercial prepaid card consumer's rights and interests harmed extremely easily, the market economy and the social management order has also get negative impact at a certain degree.In this paper, i do Research on Legal Issues of the Commercial Prepaid cards with the knowledge of the economics. This paper argues that prepaid cards are a new payment and settlement tools and are not as same as the bank debit cards, and having a gift and payment functions. Prepaid contract is not only a debt obligation, but the proof of contract between the parties. The industry of Commercial prepaid cards earnings mainly from reserve funds precipitation.Legal Relationship of single-purpose cards and multi-purpose cards are different, Single-purpose prepaid cards are consumer contractual relations, the multi-purpose card is a collection of tripartite relations, Namely between issuers and merchants commissioned billing relationship; Between issuer and cardholder funds depository relationship, legal relationship mixed commission settlement relations and other legal relations; Cardholders and merchants is a relationship of contract for the sale of goods or services.Legal regulation of commercial prepaid cards exist consumer protection issues(Provision for contractual issues and safety issues). Lack of the supervision system( the body issuing qualifications, industry associations and their own self-regulatory issues). Need using the micro and macro aspects of commercial prepaid card regulation. The main aspect is to strengthen the microscopic contract specifications while strengthening security funds advanced. The main macro setting strict eligibility issuers to establish prepaid card industry associations and enterprise credit system construction.