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Payment security has become an essential concern in today’s increasingly digital economy, where consumers and businesses rely heavily on electronic transactions for everyday activities. From online shopping and mobile payments to banking and subscription services, the convenience of digital payments comes with a responsibility to protect sensitive financial information. Fraud, cyberattacks, and identity theft are persistent threats that can undermine trust in digital systems, making robust security measures vital for maintaining confidence in financial transactions. As technology advances, both financial institutions and payment processors continuously adapt to mitigate risks and safeguard user data, ensuring that customers can complete transactions securely and efficiently.
One of the core elements of payment security is encryption, which protects sensitive information during transmission. Encryption transforms data into unreadable code that can only be deciphered with the correct cryptographic key. This ensures that even if intercepted, financial information such as credit card numbers, account details, or…