Perception of Malaysian Credit Cardholders on Conventional Cards in Comparison to Islamic Cards

Using Credit Cards to Streamline the Use of Resources

History of Credit Cards

Unfortunately it could also be used to defraud these agencies. In the period immediately following their introduction public acceptance of credit cards was less than enthusiastic, but by 1992 there were almost 10 million major credit cards in use in Australia.2 There were also in excess of 25,000 fraudulent credit card transactions per annum. In this, then, as in so many other areas of property...

Anonymous Internet Credit Cards

In credit based payment systems, con dential data such as PIN and credit card number embedded in an electronic credit card must be protected. The authenticity of an electronic credit card in a payment process is normally achieved through an on-line trusted server such as a nancial institution that runs the payment system. This paper considers some novel secure electronic credit card based payme...

Credit cards and inflation

The introduction (and widespread use) of credit cards increases trading efficiency but, by also increasing the velocity of money, it causes massive inflation, in the absence of monetary intervention. If the monetary authority attempts to restore pre-credit card price levels by reducing the money supply, it will have to sacrifice all the efficiency gains. When there is default on credit cards, t...

A Theory of Credit Cards

Recent U.S. antitrust litigation and concerns by regulatory authorities over fees in Australia and the European Union have questioned the nature of various bilateral relationships and associated fees underlying credit card transactions. A two-period model is constructed to study the interactions among consumers, merchants, and a card issuer. The model yields the following results. First, if the...