Research On State Owned Banks' Government Regulation On Credit Card Risk Under The Internet Background

Credit card,as a carrier of credit transactions and an extension of the monetary system,is the product of the development of market economy and has an important influence on people's daily transactions.With the rapid development of credit card business,its features such as convenience,security,and flexibility are highly efficient in personal financing.It can not only bring benefits to card issuers but also help merchants or countries to generate revenue.However,since the development of credit cards there have encountered various challenges and problems.There are certain risks for both card issuer and individual business users.In the development process of the credit card industry,the main driving force comes from within the industry.As a whole before it can manage risks so that to ensure the healthy growth of the credit card industry.In particular,the rapid development of internet finance makes more and more payment methods appear in people's daily life.By the influence of Internet technology,state-owned banks begin to adapt to the demand of Internet development,actively expand the credit card business under the Internet,some payment means and running flow of credit card users are appearing continuously in the network.However,the Internet has a virtual nature,criminals often use credit cards to overdraw quotas,steal credit cards,these criminal means are connected with the Internet technology.Such problems affect state-owned bank credit card business in the actual usage of the process,and there appears a lot of risk.To avoid these risks,it must have a feasible plan.Furthermore,the role of the government become particularly important.It has to improve the corresponding and regulations to establish certain specialized institutions to assess risks,to prevent the risks through the strict regulatory system.This paper investigates the corresponding government regulation issues in credit card risk and finds that,for domestic credit card development,the main problem exits in government the regulation methods cannot keep up with the era and information disclosure mechanisms cannot meet the demand of the social development.The study has found that the reasons for these problems are mainly because: the governmental regulation system is imperfection,credit card regulation legislations are defective,and the risk supervision system is flawed.In response to the main causes of the problem.This paper provides some solutions and proposals:to promote the establishment of individual and corporate credit information systems,and formulate supporting legislations and regulations;to help credit card centers orderly develop through government policy measures and then to promote the social-economic healthy develop through the credit cards industry;to strengthen consumer credit education and protect the basic rights and interests of credit card users through government policies.State owned bank's credit card risk government regulation must start from the exiting problems learn from the useful experience of foreign credit card risk management and and through a more complete regulatory system to ensure the domestic state-owned bank's credit card industry healthy and orderly development.