Fund security and legal regulatory paradigm shifts for commercial prepaid cards in the digital payment era
Keywords:
Prepaid Cards; Regulatory Shifts; Consumer Trust; Security Features; ComplianceAbstract
Research explores how changing regulations affect both security measures and customer trust and the market transition of business willingness towards accepting prepaid cards during digital payment adoption. Prepaid cards serve as crucial financial instruments for digital transactions because they address banking service gaps in areas lacking traditional banking facilities. Security concerns arise about prepaid cards because of fraud issues together with data breaches and compliance requirements. The analysis explores the influences of Prepaid Accounts Rule and AMLD5 regulations on security protocols through their impact on fraud identification systems and encryption and identity authentication procedures. The research utilizes document analysis of regulatory documents and academic literature and industry reports to determine the essential regulatory effects on prepaid card security and business operations. Stricter regulations generate better security outcomes for consumers alongside enhanced trust and increased market development yet emerging market businesses face difficulties due to these compliance requirements. This study recommends additional international regulatory coordination because regulations have increased both safety and market expansion.
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