Analysis on the new types and countermeasures of credit card fraud in mainland China
| DOI | https://doi.org/10.1108/JFC-03-2013-0022 |
| Date | 12 July 2013 |
| Published date | 12 July 2013 |
| Pages | 267-271 |
| Author | Feng Bai,Xiangmin Chen |
| Subject Matter | Accounting & finance |
Analysis on the new types and
countermeasures of credit card
fraud in mainland China
Feng Bai
Policing Intelligence Department, China Criminal Police University,
Shenyang, Liaoning Province, China, and
Xiangmin Chen
Economic Crime Investigation Department, China Criminal Police University,
Shenyang, Liaoning Province, China
Abstract
Purpose – The research on analysis on the new type and countermeasures of credit card fraud in
mainland China mainly aims to take a comprehensive approach to fight against fraud and place a
strong emphasis on fraud prevention conducted in the best interests of financial institutions, card
holders, merchants and law enforcement authorities to keep fraud from happening in the first place
and to give more information on anti-credit card fraud best practices.
Design/methodology/approach – In this paper, the authors analyzed the relevant definitions
in Chinese statutes and ordinances, the new types of credit card fraud which have occurred in
China in recent years and what would be the effective countermeasures to fight against and
prevent them. It was completed based on many references and extensive survey in police organs in
China.
Findings – With the credit card more and more widely used in mainland China as a most prevalent
means of payment and settlement, credit card crime has been rapidly increasing to accompany this,
with more fraudulent and disguised features which add to the complexity and difficulties of the work
on its combating and prevention.
Originality/value – Hopefully, it explores for the best to detect and combat credit card fraud crimes
and can contribute to the healthy growth of bankcard industries, meanwhile calling for the
involvement of the concerted efforts of the banks, merchants, the public and the law enforcement
personnel.
Keywords Credit cards, Creditcard fraud, New types of credit card fraud, Countermeasures,
Special operationby the police, Fraud, Police
Paper type Research paper
1. Introduction
With the rapid growth of credit cards and associated transaction businesses in
mainland China, there is an obvious tendency of the increasing occurrences of credit
card crime. In recent years, the recorded number of credit card fraud crime reached the
second ranking among more than hundreds of types of economic crimes that defined
in the relevant Chinese legislations. Credit card fraud crime, with various modus
operandi, normally involves a large amount of money and brings a wide range of social
impact. It has become one of the serious financial crimes in mainland China, and
accordingly the measurement of countering credit card fraud is now of the greatest
importance.
The current issue and full text archive of this journal is available at
www.emeraldinsight.com/1359-0790.htm
Journal of Financial Crime
Vol. 20 No. 3, 2013
pp. 267-271
qEmerald Group Publishing Limited
1359-0790
DOI 10.1108/JFC-03-2013-0022
New types of
credit card fraud
267
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