Credit cards in Singapore
This report records the authors' findings on credit card and its related issues in Singapore. Introduction to the topic started with a brief account of the development of credit card and the various 'brands' of credit card commonly seen in the local market . The basic concept of c...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/64288 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This report records the authors' findings on credit card and its
related issues in Singapore. Introduction to the topic started
with a brief account of the development of credit card and the
various 'brands' of credit card commonly seen in the local market .
The basic concept of credit card, its arrangement, operation and
its advantages and disadvantages were also studied.
Another area of the study was the legal issues of credit card with
respect to risks and liabilities of each contracted parties. The
authors studied the bank - cardholder contract and the merchant -
bank contract in great depth, highlighting areas which are likely
to give rise to disputes. The MAS guidelines and its impact and
future development of the card industry were studied as an attempt
by the authors to conclude on the research. |
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