It is fair to say that not only retail investors, but also bank and financial managers do not have the financial education, the resources and the time to understand all the risks inherent in these types of product. Asymmetric information entails two different types of risk.
It is widely recognised that traditional credit cards are most prone to frauds – the problem with the black magnetic stripe on the back of a credit card is that it’s about as secure as  2  BIS central bankers’ speeches  writing account information on a postcard: everything is in the clear and can be copied.