Credit Card Fraud

CREDIT CARD FRAUD AND THE LAW By A.L.R. JOSEPH SUBJECT: Banking, Criminal Law Malaysia [1993] 2 CLJ xii (Apr) Introduction To most consumers, belief cards are pieces of pliant - issued to them by their bank or retail shop which throw in payment for goods or services - which give them prestige and flexibility. Further, they in corresponding manner provide a convenient avenue of obtaining on-the-spot cash. The book of facts card is a phenomenally successful development of innovational banking and retailing based on technological advancement and the outgrowth in individual wealth and spending power. It is a significant forerunner towards and harbinger of a cashless society - argued by or so to be an important indicia of an Utopian society. The assent card fear is big business, to say the least. Thus we see in the media give away and competitive assurance card advertisements, intended to recruit the maximum number of customers and to encourage the maximum use of the easy credit facilities, that each of these friendly banks have to offer. It was not always like this though. It was not too long ago when credit was seen as a bad thing, to which a negative trade name was attached. entirely over the last decade, the publics perception has changed.

Nowadays, credit is an acceptable part of modern day living and the stigma of the past has given way to social status and prestige. A credit card is a status symbol in todays world. It is argued, whether rightly or wrongly, that credit is a good thing because it provides a boost to the economy by increasing consumer spending, and the credit card business has contributed greatly to the sizable expansion in the financial and related services. Accordingly, there is a significant need to understand the law that relates to credit cards, both civil and criminal, especially, in the context of ever increasing credit card frauds, and the way in which the civil law has contributed to it, and the meagerly way in which the criminal law has sought to... If you necessitate to get a full essay, order it on our website: Ordercustompaper.com

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