( Retail : Payment technology )
It is a system that relies on heavy encryption and state-of-the-art security.
Encryption is the conversion of data into a form that cannot be easily understood by an unauthorized
person, and is important to make electronic transactions secure.
Encryption is any system for security and fraud prevention which automatically breaks up and
reorders information before it is sent via telephone lines or the Internet.
Collins English Dictionary. Copyright © HarperCollins Publishers