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

  • BOC (Back Office Conversion)

    A BOC entry is a one time debit entry to the account of a receiver whom has, at the point of purchase, been notified that their check...

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  • Lockbox

    Lockbox refers to banking in which the funds are placed in a physical storage unit (such as a post office box). A bank would then visit the...

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