The Evolution of Law against Payment Frauds

'This book deals with a timely and important subject matter to regulators, policy-makers, consumers, practitioners and society - i.e. payment fraud which, in the electronic age, has taken on new forms and accelerations. The book deals with a range of payment fraud chronicling fraud involving physical monies to today's electronic forms. It provides a well-researched and thorough legal discussion which will prove a very useful resource internationally.' Iris H Chiu, Professor of Corporate Law and Financial Regulation, University College London, U.K. In this excellent book, the author offers an in-depth account of how fraud occurs in payment systems and how technology is paradoxically both an enabler of, as well as an indispensable tool to, controlling fraud. Focusing on selected Asian jurisdictions, the book offers an excellent account of how legal institutions and the law adapt with changing market environment and innovation of fraudsters. The book is indispensable to academic scholars, practitioners, policy-makers and students in considering the best strategies to address fraud in the financial market. Professor WAN Wai Yee, School of Law, City University of Hong Kong. 'This book provides a comprehensive account of the evolution of law against payment frauds, covering a variety of payment methods such as cash, negotiable instruments, card-based payment, electronic payment and cryptocurrencies. It insightfully examines the interaction of law, technology and the payment services market, shedding important light on the various actors who have interacted to shape the relationship, particularly in the new era of Fintech. Highly recommended.' Robin Hui Huang, Professor of Law, Chinese University of Hong Kong 'It is impossible to be a banking and financial law expert without understanding the regulatory framework governing the payment system. It is equally impossible for anyone serious about the development of the contemporary banking and financial industry to research or practice without capturing how new technologies have reshaped the landscape. This book will prove to be an indispensable addition to the library of practitioners, policymakers, and academics in the field.' Han-Wei Liu, Senior Lecturer, Business Law & Taxation, Monash University, Australia