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What role does SSL (Secure Socket Layer) encryption play in payment gateways?
  • a)
    It verifies the authenticity of the payment gateway.
  • b)
    It encrypts transaction details for added security.
  • c)
    It generates digital signatures for payment validation.
  • d)
    It communicates directly with credit card companies.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What role does SSL (Secure Socket Layer) encryption play in payment ga...
SSL encryption is used by payment gateways to encrypt transaction details, ensuring the security of sensitive information while it's being transmitted over the internet.
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What role does SSL (Secure Socket Layer) encryption play in payment gateways?a)It verifies the authenticity of the payment gateway.b)It encrypts transaction details for added security.c)It generates digital signatures for payment validation.d)It communicates directly with credit card companies.Correct answer is option 'B'. Can you explain this answer?
Question Description
What role does SSL (Secure Socket Layer) encryption play in payment gateways?a)It verifies the authenticity of the payment gateway.b)It encrypts transaction details for added security.c)It generates digital signatures for payment validation.d)It communicates directly with credit card companies.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What role does SSL (Secure Socket Layer) encryption play in payment gateways?a)It verifies the authenticity of the payment gateway.b)It encrypts transaction details for added security.c)It generates digital signatures for payment validation.d)It communicates directly with credit card companies.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What role does SSL (Secure Socket Layer) encryption play in payment gateways?a)It verifies the authenticity of the payment gateway.b)It encrypts transaction details for added security.c)It generates digital signatures for payment validation.d)It communicates directly with credit card companies.Correct answer is option 'B'. Can you explain this answer?.
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