AN EMPIRICAL EVIDENCE ON CREDIT CARD HOLDERS IN COIMBATORE

The World of Plastic money and credit cards is indeed fascinating. In India, it is a
growth industry and today commands special focus of attention not only within the banking
sector but also in the law. It has contributed to the greatest fundamental change in the way
we handle our finances – indeed our very lives. The impact of plastic money in general and
the ubiquitous credit card in particular is felt in all areas of our existence. The credit card
was seen as infusing convenience, safety, speed and order in modern society. In short, it was
a great subservient innovation until the monster within it reared its head. This monster was
the immense potential of the credit cards misuse and the perpetration of fraud. In the past few
decades banking institutions and law enforcement the world-over have struggled to keep
place with various and innovative facets of credit card fraud. In spite of the proliferation of
credit cards in our daily lives and despite the billions of dollars of fraud perpetrated using
credit-cards it is one of the least researched issues both in finance and under banking law,
especially in India.