How does encryption work in payments?
An example of an AI chatbot conversation about encryption in payment systems.
Can you explain how encryption works in payment transactions?
Sure! Encryption in payment transactions secures sensitive data by converting it into a coded format that can only be read by authorized parties.
What types of encryption are commonly used in online payments?
Common types include SSL/TLS for secure connections and AES for encrypting payment information.
How does encryption protect my credit card information?
Encryption protects your credit card information by ensuring that it is scrambled during transmission, making it unreadable to hackers.
Are there any risks if encryption is not used?
Yes, without encryption, sensitive data can be intercepted and accessed by unauthorized individuals, leading to fraud.
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