Passcode and Encryption

noun

• The activity of converting data or information into code.
  • synonyms: encoding

Encryption is a method for ensuring the privacy and security of a consumer's personal finance information at a bank or financial institution Web site. Encryption is the process of scrambling data so that only the intended receiver can use it. To be effective, encryption needs to be used by both the sender and the receiver. Consumers should make sure it is being used when sending sensitive information.