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Regulatory Approach To Single-use Prepaid Cards

  • Journal of International Business Transactions Law
  • Abbr : IBT
  • 2018, (22), pp.63-80
  • DOI : 10.31839/ibt.2018.08.22.63
  • Publisher : The Institute for Legal Studies Dong-A University
  • Research Area : Social Science > Law > Private Law > International Commercial Transactions Law
  • Received : June 30, 2018
  • Accepted : July 27, 2018

ZHAO LI 1

1

Accredited

ABSTRACT

The number of claims related to hardly canceling the single-use prepaid cards has risen. Judicial practice has characterized them as cash coupon or debt vouchers, but it should be more precisely defined as trust vouchers. To solve the problems of hardly canceling the card, the existing regulatory measurement, such as establishing the filing system, do not effectively work. Because such measurement only limits the maximum prepaid amount of money of single-card but lacks the supervision on the funds, the guarantee insurance is not popularized, so the fund trust and financing insurance should be established to supervise single-use prepaid cards.

Citation status

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