Personal Privacy with Digital payments

Digital payments and remittances generally involve transmitting personal information electronically to other organizations, such as financial institutions and payment processing companies. While most organizations go to great lengths to ensure the security of these types of digital transactions, errors or breaches in security can occur, so the risk to personal information is higher than with cash. Plus, digital payments are generally not purely financial transactions between an individual and a retail business. In many cases, they are a more complex exchange of purchase information and other personal information.

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