To clarify the legal relationships between the various parties involved in credit card transactions is an issue that must be addressed in understanding the legal liabilities of all parties, especially in cases where a credit card is fraudulently used.
"A challenge for both domestic and foreign banks is the difficulty in preventing cash advances on credit cards," said a senior official with a foreign bank, who also pointed out that the main reason lies in the imperfection of relevant laws and regulations as well as the insufficient punishment for illegal cash advances on credit cards.