Credit Card Security

Encryption
Encryption is the encoding of electronic data so that it can be transmitted without interception. With the growing use of the Internet for commercial purposes, there has been an ongoing need for secure encryption methods, notably in the transmission of credit card details.
Personal Identification Number (PIN)
A Personal Identification Number (PIN) is a numeric password used for securing transactions and verifying the identity of the cardholder in various financial systems such as ATMs and point-of-sale terminals.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.