BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Utilizes strong industry standard 128 bit SSL encryption
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Baroda e Gateway are fully secured with the latest industry standard of 3D secure/
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The data transmission is encrypted and storage is under strict data center environment.
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All the said options
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Detailed explanation-1: -A secure payment system or SPS is a type of electronic payment processing that provides users with the necessary security to make their financial transactions online. It protects their personal information and prevents unauthorised access.
Detailed explanation-2: -Websites protect payment information by encrypting the data before transmitting it. Two major protocols accomplish this encryption-Secure Sockets Layer (or SSL) and Transport Layer Security (or TLS). TLS is the newer protocol, with stronger encryption algorithms.
Detailed explanation-3: -SSL and TLS – (Transport Layer Security) TLS and (Secure Sockets Layer) are protocols that authenticate and encrypt data when moving on the Internet. Securing transactions with SSL protocols ensure that sensitive information is encrypted and only accessible by the intended recipient.