Payment Glossary

TLS (Transport Layer Security)

TLS refers to a cryptographic protocol to secure information sent over a computer data network. Connections using TLS typically have multiple authentication methods in place to secure data.

Related Terms

  • Settlement Date

    The date an exchange of funds will be reflected on the books of the Federal Reserve Bank.

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  • TILA (Truth in Lending Act)

    The Truth in Lending Act requires the full disclosure of finance charges and terms with regard to costs associated with borrowing.

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