Glossary of terms commonly used in the Wallet

Terms starting from A

2 Information


Authorization is the process of asking the credit card company if the card is indeed valid when it is used.

automatic insurance

The insurance service that comes with a credit card when it is issued is called supplementary insurance. The card issuer is the policyholder and the cardholder is the insured, and this service is provided as a benefit when signing up for a credit card.

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