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What does 128-bit encryption mean?

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What does 128-bit encryption mean?

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We use Secured Sockets Layer (SSL) protocol, because it is the standard on the web for authenticating and encrypting information. 128-bit refers to the length of the “key” created by every encryption. The longer the key, the more difficult it is to break the encryption code. 128-bit is the strongest encryption available, this means that you can have total confidence in your dealings with our website. A significant feature of the Commonwealth Bank Internet Payment Service is the security mechanism that maintains the security and privacy of financial and personal information. The Commonwealth Bank Internet Payment Service uses the default encryption 128 bit Secure Sockets Protocol (SSL) from Verisign that was developed to protect confidential information such as credit card numbers and other financial data from interception and hacking. Commonwealth Bank Internet Payment Service requires Internet Explorer 5.0 (or higher) or Netscape Navigator 4.7 (or higher) to work. It is not compatible

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