What Is a Secure Electronic Transaction?
A secure electronic transaction is a process used to allow the transfer of secure information over the Internet. Examples include credit card numbers, bank account numbers, government-issued identification numbers and other data that must be exchanged to complete a financial transaction. It most often is employed for electronic commerce using credit cards or direct withdrawal of funds from a bank account and for sensitive activities such as online investing or online management of a bank account. In fact, the development of secure electronic transactions integrated into a website’s payment system has made electronic commerce not only possible but in many ways safer and more secure than traditional financial transactions.
