Enable Encryption of Sensitive Payment Information

Financial transactions contain sensitive information, which must be protected by a secure, encrypted mode. To protect your credit card and external bank account information, you can enable encryption.

Encryption encodes sensitive data, so it can't be read or copied. To enable encryption, you must create a master encryption key. Oracle Platform Security Services is a repository that stores your master encryption key. The application uses your master encryption key to encrypt your sensitive data.

Note:

Before you can import credit cards into Expenses, you must enable encryption or tokenization of credit cards in Payments. If you're using credit card data anywhere other than Expenses, you must enable tokenization in Payments.

To secure your credit card or bank account data, complete these steps:

1. In the Setup and Maintenance work area, go to Financials > Payments > Manage System Security Options.

2. On the Manage System Security Options page, click Apply Quick Defaults.

3. Select all the check boxes:

   • Automatically create wallet file and master encryption key

   • Encrypt credit card data

   • Encrypt bank account data

4. Click Save and Close.