What is Encryption?
Encryption is the process to prevent unauthorized entry into a system. The Encryption process scrambles and unscrambles information using mathematical equations and a secret code called a key. Usually, one key encodes, and another key decodes. The sender possesses the encoding key. The decoding key may be possessed by several receivers.
Electronic Merchant Systems Payment Processing Glossary :
Defining key payment processing and merchant services industry terms to help business owners make better decisions.