Encryption
Encryption is a security method used in the payment processing industry to protect sensitive payment information during transactions. It converts data, such as credit card details and personal information, into an unreadable format to ensure that only authorized parties can access and process it. This technology helps safeguard customer data from potential breaches and fraud during the payment process.
How Encryption Works
When a customer makes a payment, their sensitive information is encrypted before being transmitted over the internet. This encryption ensures that the data remains secure and unreadable to anyone who might intercept it. Only authorized systems with the decryption key can unlock and process the encrypted information, maintaining the integrity and confidentiality of the transaction.
Ensure Safe Payments with Prismpay
With encryption, businesses can protect their transactions and customer data from unauthorized access. Prismpay integrates cutting-edge encryption technologies to keep your payment systems secure. To learn how we can help you, contact us today.
Related Terms & Synonyms
- Data Protection – Techniques for securing sensitive data.
- SSL/TLS Encryption – Encryption protocols used for secure communications.
- Tokenization – Replacing sensitive data with unique identifiers for secure storage.
- Secure Socket Layer (SSL) – A protocol that encrypts data during online transactions.
- End-to-End Encryption (E2EE) – Securing data from the sender to the recipient to prevent interception.