Transaction Encryption

Transaction encryption refers to the process of securing sensitive information during financial transactions. It involves encoding the data transmitted between parties involved in a transaction, such as credit card details, personal identification numbers (PINs), and account numbers. This encryption ensures that the information remains confidential and protected from unauthorized access or interception by hackers or cybercriminals. By implementing transaction encryption, businesses and individuals can enhance the security of their financial transactions, instilling trust and confidence in their customers.

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