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What is Transaction data?

Transaction data is information recorded during financial, commercial, or online transactions. It includes timestamps, payment details, and product purchases, making it essential for fraud detection, customer analytics, and business intelligence.

Data exchange
Data exchange is the process of transferring information between systems, organizations, or platforms while ensuring security and compliance. It involves structured data sharing through APIs, cloud storage, and interoperability frameworks, facilitating collaboration and real-time decision-making across industries such as finance, healthcare, and government services.
National Privacy Commission
The National Privacy Commission (NPC) is a government agency overseeing data privacy and protection regulations within a country. It ensures compliance with privacy laws, educates organizations on best practices, and investigates data breaches to uphold individuals' rights to privacy.
Data Protection Act
The Data Protection Act is a legal framework that governs the collection, storage, and processing of personal data to protect individuals' privacy. It sets guidelines for organizations to handle personal information responsibly and securely. Different versions exist in various countries, such as the UK's Data Protection Act 2018, ensuring compliance with international data privacy standards.