Credit Card Encryption
  
Each year, American consumers lose about $16 billion to identity theft and credit card fraud. Nothing like having to clean up your credit report after some hacker in a bunker somewhere in Eastern Europe cleans out your account.
Credit card companies have stepped up their game to reduce the probability of fraud by using credit card encryption, a process where a credit card terminal scans a card. There is then a process of transmitting customer information from the terminal to the backend of the network.
Encryption scrambles the purchaser’s data through an algorithm that makes the information unreadable without a key to unlock that data. The goal is to reduce to ability of a hacker to obtain consumers’ information.
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Finance: What is the Equal Credit Opport...6 Views
Finance a la shmoop what is the Equal Credit Opportunity Act? alright people while the
federal government thinks everyone should have the equal opportunity to get [Men in Federal Government appear]
into debt isn't that sweet of them you know that Uncle Sam well he sure does
have a heart of gold this federal law makes it illegal to discriminate against
people who are applying for financing on pretty much anything legal based on
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background or public assistance benefits your credit score however well that
still matters sorry just keeping it real
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