Cryptocurrency Q&A What is CIC number in banking?

What is CIC number in banking?

VoyagerSoul VoyagerSoul Tue Nov 19 2024 | 7 answers 1130
CIC number, also known as Circuit Identification Code, is a unique identifier used in banking, specifically in telecommunications related to financial transactions. It is a 12-bit number that identifies a particular signaling circuit within a group of signaling links, ensuring reliable communication between banking systems. What is CIC number in banking?

7 answers

KatanaBladed KatanaBladed Wed Nov 20 2024
The Customer Identification Code (CIC) is a unique identifier assigned to each client for the purpose of ensuring secure and accurate transaction processing.

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LucyStone LucyStone Wed Nov 20 2024
Together, the CIC and Account Number provide a comprehensive system for verifying the authenticity and legitimacy of transactions.

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Stefano Stefano Wed Nov 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of both individual and institutional investors.

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MountFujiView MountFujiView Wed Nov 20 2024
This code serves as a crucial element in maintaining the integrity of financial operations and preventing fraud.

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Arianna Arianna Wed Nov 20 2024
Alongside the CIC, the Account Number is another vital piece of information required for conducting transactions.

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