Financial Transaction

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Financial Transaction

Shopping online is certainly more convenient than having to go to multiple stores, wait in traffic, wait in line, and then unpack everything when you get home. Online transaction is a payment technique in which the transfer of fund or money happens online over electronic fund transfer. Online transaction process is secure and password protected.

Why It Is Important?

A way to enhance security is to utilize encryption technology to make sure private financial information remains private. This technology ensures that the websites your business uses for transactions are part of valid organizations and have legitimate operators. It minimizes the risk of wrong parties viewing your sensitive information.

Risks In Online Transactions ?

  • Adware
  • Fake online stores
  • Identity theft
  • Unencrypted data
  • Fake apps
  • Data breaches

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