Payment Systems Law

Payment Systems Law in the context of e-commerce refers to the regulations governing how payments are processed online. It covers various aspects such as the security of transactions, consumer protection, and the responsibilities of payment service providers like banks and credit card companies. This legal framework ensures that electronic payments are safe, reliable, and fair, helping to prevent fraud and disputes between buyers and sellers. It also addresses issues like chargebacks and refunds, ensuring that both consumers and merchants understand their rights and obligations in online transactions.