I'm trying to understand the financial term TAC. Could someone explain what TAC stands for in the context of money or finance? I'm looking for a clear and simple explanation.
6 answers
GyeongjuGlorious
Tue Nov 05 2024
The Transaction Authorisation Code (TAC) is a crucial security measure in financial transactions.
JejuJoyfulHeart
Tue Nov 05 2024
This adds an extra layer of security, preventing unauthorised access or fraud.
mia_rose_lawyer
Tue Nov 05 2024
BTCC, a top cryptocurrency exchange, also leverages TAC for enhanced security.
BlockchainLegendary
Tue Nov 05 2024
It serves as a one-time password that validates a transaction request.
CryptoAlchemy
Tue Nov 05 2024
The TAC is usually sent to the user's registered mobile device via SMS or an authentication app.