card-activation

Vocabulary Word

Definition

Card activation is the process used by banks to validate and enable a new debit or credit card for transactions. By activating a card, you're confirming to the bank that you've received the physical card they've issued for your account.

Examples in Different Contexts

In banking, 'card activation' is the process of enabling a new credit or debit card for use. A bank manager might explain, 'Customers must complete card activation by calling our hotline or using our app.'

Practice Scenarios

Business

Scenario:

We have been receiving complaints that our card activation process is too complex. We need to simplify it while maintaining our security standards.

Response:

True, let's brainstorm ways we can simplify our card activation process without compromising on security.

Marketing

Scenario:

Our competition has been marketing their instant card activation as a significant advantage. We need to address this in our next campaign.

Response:

Agreed, we should focus on the benefits of immediate card activation in our upcoming promotional materials.